PANews reported on March 30 that according to News.bitcoin, in the 89 days since entering 2025, the total value of the cryptocurrency sector has shrunk by $610 billion, from about $32,700 to $2.66 trillion. Bitcoin is trading between $82,856 and $83,032, with a market value of about $1.65 trillion and a 24-hour global trading volume of nearly $14 billion. Bitcoin is currently showing signs of short-term consolidation. Although there is a temporary upward momentum, the volume pattern indicates weak buyer participation, lower highs and lower lows indicate that the broader downward trend will continue, and the resistance level of $84,500 remains a key level, while the support level of $81,600 is crucial.
Analysis: The market value of cryptocurrencies has evaporated by $610 billion so far this year, and the current key support level for Bitcoin may be $81,600
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