• Latest
  • Trending
Bitcoin rebounds as investors capitalise on dip amid economic concerns

Bitcoin rebounds as investors capitalise on dip amid economic concerns

March 15, 2025
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
CBE seals deal with Botim to enhance remittance services for Ethiopians living in UAE

CBE seals deal with Botim to enhance remittance services for Ethiopians living in UAE

September 5, 2025
Nigeria Senate, SIBAN push for crypto regulation to boost digital economy

Nigeria Senate, SIBAN push for crypto regulation to boost digital economy

September 5, 2025
Mamo Mihretu Resigns as Governor of Ethiopia’s Central Bank

Mamo Mihretu Resigns as Governor of Ethiopia’s Central Bank

September 5, 2025
Paratus Group introduces first private mobile network using LTE and 5G in Namibia

Paratus Group introduces first private mobile network using LTE and 5G in Namibia

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Cryptocurrency Bitcoin

Bitcoin rebounds as investors capitalise on dip amid economic concerns

Abimbola Samuel by Abimbola Samuel
March 15, 2025
147 3
0
Bitcoin rebounds as investors capitalise on dip amid economic concerns

Bitcoin rebounds as investors capitalise on dip amid economic concerns

465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Bitcoin, which recently experienced a downturn, surged on Friday alongside most altcoins as investors seized the opportunity to buy the dip.

The rebound followed a report revealing a notable slump in U.S. consumer confidence, which hit its lowest level in two years.

Concerns over the American president’s proposed tariffs and their potential impact on inflation and ongoing job cuts at Elon Musk’s Department of Government Efficiency have raised fears about the economy’s stability.

Read also: Pi network’s 188 million token unlock sparks excitement and uncertainty: Will the market hold?

RelatedPosts

10 things you can actually buy with crypto in Africa

Ripple expands RLUSD to Africa with Yellow Card, VALR, and Chipper Cash

From Bitcoin to Cash: How to do crypto exchanges in Sierra Leone

Altcoins alongside bitcoin gain momentum

Altcoins followed Bitcoin’s lead, with Ripple (XRP) climbing four percent and Chainlink (LINK), Bonk (BONK), and JasmyCoin (JASMY) posting gains exceeding five percent. Analysts suggest that economic uncertainty often drives investors toward riskier assets, particularly when signs of Federal Reserve intervention emerge.

Historically, the reserve has responded to economic downturns with interest rate cuts and quantitative easing, fuelling demand for digital assets.

“With consumer confidence plunging and recession fears rising, investors are looking for opportunities in alternative markets,” noted a strategist from Janney Montgomery Scott. “Cryptocurrencies tend to benefit in such conditions, especially when speculation on monetary policy shifts increases.”

Furthermore, on Friday, U.S. stocks rallied significantly, with the Dow Jones rising by 625 points, the S&P 500 gaining 102 points, and the Nasdaq 100 climbing 400 points.

Small-cap stocks, tracked by the Russell 2000, also jumped over three percent. Notably, gold exceeded a record high of $3,000, reflecting investor caution amid economic uncertainty.

Read also: Russia adopts cryptocurrency to evade oil trade sanctions

Fear over dead cat bounce

Despite the rally, Janney warns that the recovery could be a “dead cat bounce”—a temporary rebound during a broader downtrend.

“Nearly everyone is looking for a bottom and to ‘buy the dip’ at some point, but the current condition of the markets has not implied any real improvement on a technical basis,” noted an analyst from Janney Montgomery Scott.

While the rebound offers hope, the possibility of a prolonged downturn remains, reminding investors to tread carefully in these volatile markets.

Tags: AltcoinsBitcoinChainlinkRipple
Abimbola Samuel

Abimbola Samuel

Experienced crypto writer with 2+ years of expertise. Skilled researcher and analyst delivering high-quality articles. Providing insightful perspectives on the latest crypto trends.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.