Crypto Radar - Tuesday, 03/31/2026
Bitcoin continues in sideways mode this Tuesday, March 31st, trading at US$ 68.220, with a modest gain of 1.7% in the last 24 hours. Despite the positive movement in the day, the week still accumulates a decline of 3.7%, keeping the main asset in technically uncertain territory. The global crypto market moves US$ 2.35 trillion in capitalization, with daily volume stable at US$ 98.94 billion.
The Fear & Greed index remains stagnant at 8 points for consecutive weeks, signaling extreme fear among investors. This reading, historically, precedes trend reversals when maintained for extended periods. Bitcoin's dominance at 58.2% indicates position consolidation in the digital reserve asset, while altcoins await directional definition.
Market Overview
The macro scenario continues to influence crypto behavior. According to CoinTelegraph reports, the possible end of the conflict between the US and Iran in the coming weeks has generated optimism in traditional and crypto markets. Bitcoin and stocks rose following reports indicating Iranian willingness to end hostilities, while oil retreated from the US$ 120 levels.
Ethereum shows greater relative strength, rising 3.7% in the day to US$ 2.108, outperforming Bitcoin. The second largest crypto maintains dominance at 10.8% and shows more constructive technical signals than BTC in the short term.
Bitcoin Technical Analysis
Bitcoin operates in neutral zone with RSI at 40.90 points. The current price of US$ 68.220 is below the 20 and 50 period moving averages, indicating short-term bearish structure. The SMA20 at US$ 69.760 acts as immediate resistance, while the SMA50 at US$ 68.659 serves as the water line.
Análise Técnica — Bitcoin
The macro picture remains challenging: SMA50 is 24% below SMA200 (US$ 90.344), configuring a long-term bear cross. Weekly support at US$ 65.970 needs to be preserved to avoid testing the US$ 60.000. Weekly resistance at US$ 68.791 coincides with current levels, creating a critical zone.
Ethereum: Mixed Signals
ETH presents a slightly more favorable structure, with RSI at 42.20 and price oscillating between SMA20 and SMA50. The current quote above US$ 2.100 maintains hopes for technical recovery, especially if it breaks through the US$ 2.120 resistance.
Análise Técnica — Ethereum
The SMA200 at US$ 3.043 still represents an important psychological barrier, with SMA50 32.9% below that mark. Monthly support at US$ 1.939 offers a cushion for potential corrections, while resistance at US$ 2.351 delimits an area of interest for bulls.
Major Movements
ALGO leads daily gains with an impressive 18.1%, followed by STABLE with 16.9%. These specific movements do not alter the macro picture, but indicate capital rotation in specific sectors.
On the negative side, SIREN plummets 67.6%, evidencing extreme volatility in lower capitalization tokens. Losses remain concentrated in smaller projects, while majors maintain relative stability.
Stablecoin Rates
Geopolitical Context
The possible resolution of the Middle East conflict removes pressure factor on commodities and risk assets. Falling oil alleviates global inflationary pressures, creating a more favorable environment for risk assets like Bitcoin. The closure of the Strait of Hormuz ceased to be an immediate concern, reducing the geopolitical premium in prices.
According to CoinDesk, Bitcoin is entering the public securities market for the first time, with Moody's offering a rating for an unprecedented crypto operation. This institutional development contrasts with the current sentiment of extreme fear, suggesting divergence between retail perception and institutional adoption.
Also read on ON3X: "Oil at $120, Hormuz Closed and Bitcoin as Safe Haven: How the US-Iran War Is Shaking the Crypto Market" analyzes how geopolitical conflicts affect Bitcoin's traditional correlations.
What to Watch Tomorrow
- Breakthrough or rejection of the US$ 68.791 resistance in Bitcoin
- Ethereum sustaining above US$ 2.100
- Evolution of US-Iran peace negotiations and impact on markets
- Movement of the Fear & Greed index after weeks in extreme fear
- Institutional volume during American hours
Notice: Crypto Radar is published daily by the ON3X team for informational purposes only. This content does not constitute an investment recommendation. Do your own research before making financial decisions.