Wave of releases across all capitalizations
Bitcoin fell by 2.86% over the last twenty-four hours to trade around $66,784, erasing the attempted rebound observed at the end of last week. The market leader briefly touched $74,885 on March 16 before beginning a steady slide that brought it back below its levels at the start of March.
Altcoins show more marked losses. Binance Coin recorded the biggest drop of the panel, at -6.79% ($572.48), followed by Solana which lost 5.83% and fell back below $79. Ripple drops 4.47% ($1.29), while Cardano loses 3.46% ($0.24).Â
Ethereum limits the damage a little better with a decline of 3.57% to $2,055, remaining just above its 50-day moving average ($2,040).
As for the equity markets, the Asian and European indices also posted losses, like the Nikkei 225 (-1.04%) and the Sensex (-1.08%), while the VIX, although down 17.5% compared to the day before, remains at 25.25 points, a level reflecting persistent tensions on the traditional markets.
Technical signals degraded on five major assets
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Five of the seven cryptocurrencies tracked are showing a sell signal, a rare alignment that reflects the extent of current bearish pressure. The RSIs are concentrated in a band between 38 and 47: Cardano records the lowest of the panel (38.28), followed by Ripple (41.55), Binance Coin (42.88) and Solana (42.93). Bitcoin, at 47.25, remains in neutral-low territory and is currently testing the support zone identified at $65,000, while Solana is already flirting with its ($78.96), levels whose holding could condition the short-term trajectory. Only Ethereum maintains an RSI above 50 (51.29) and a neutral signal.
Examining moving averages strengthens the diagnosis. All assets are moving significantly below their 200-day MA, with sometimes considerable deviations: Bitcoin is 26% below its 200-day average ($90,604), while Solana displays a drop of 44% compared to its own ($139.67). Cardano has a similar gap from its 200MA ($0.46).
