As of March 12, 2025, the crypto market is showing restrained dynamics with elements of stability amid external economic factors.
Bitcoin (BTC), which closed the day's bar up yesterday and reached 83783, is currently trading at 82415.
The total capitalization of the crypto market is $2.640 trillion, of which $771.62 billion is accounted for by the market excluding BTC and ETH.
The dominance of bitcoin remains consistently high at 62.01%, which emphasizes its leading position among other assets.
Fear and greed index is at 34, which indicates that cautious sentiment among investors prevails, although the market is still avoiding panic.
Yesterday, bitcoin showed some resilience despite mixed signals from traditional markets. The JOLTS labor market report exceeded expectations, which had a positive impact on stock indices in the moment, causing them to rise briefly.
However, after Trump's announcement of tougher tariffs for Canada, stock markets rolled back and closed in the red.
In contrast, the crypto market held its ground: BTC approached the key resistance level of 84125 but failed to break through it.
As of today, bitcoin has a minimum target of 85300, and given a favorable news background, the next target is 87800. An important factor for further dynamics will be the forecast of the Consumer Price Index (CPI), which is expected to reach 2.9%.
If the actual value coincides with the forecast or turns out to be lower, this could add to the market's positivity, pushing up the price. If the CPI exceeds the forecast, it will have a negative impact on both stock markets and BTC.
As for altcoins, their behavior remains heterogeneous. Over the past day, price changes have ranged from -5% to +7%.
Some coins are showing significant growth: TIA, KAS, and Fartcoin tokens have each added +10%, which makes them stand out against the backdrop of the overall restrained market dynamics.
Instead, the ENA coin lost -9%, becoming one of the leaders of the decline. This diversity among altcoins reflects the lack of a single trend and the selective interest of investors in individual projects.
In general, the crypto market is in a state of waiting as of March 12, 2025: bitcoin is testing important technical levels, while altcoins are showing a mixed picture.
The market's reaction will largely depend on macroeconomic data, in particular CPI, as well as foreign policy decisions, such as Trump's tariff policy, which has so far been holding back more active growth.
