Here’s what happened in crypto today

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Today in crypto, ARK Invest founder Cathie Wood will give the first lecture of El Salvador’s CUBO AI public education program, and analysts are following the $85,000 weekly close for a sign of more Bitcoin upside, with one suggesting a Bitcoin bottom could be forming.

Bitcoin bottom forming as Fed eases, Trump softens on tariffs, says analyst

Bitcoin may have bottomed and could rebound toward $90,000 after US President Donald Trump signaled a willingness to ease tariffs and the Federal Reserve resisted short-term pressure last week, according to 10x Research’s founder Markus Thielen.

“Bitcoin is attempting to form a bottom, supported by Trump’s recent shift toward ‘flexibility’ on the upcoming April 2 reciprocal tariffs, softening his earlier rhetoric,” 1Thielen said in a March 23 report.

The Federal Reserve signaled in its March 18-19 meeting that it would also “look past short-term inflationary pressures, laying the groundwork for potential future easing,” Thielen added.

“Powell’s mildly dovish tone suggests that the Fed's put remains intact, providing further support for a recovery in stock prices.”

10x Research’s Bitcoin reversal indicators have turned bullish as a result, with Bitcoin’s (BTC) 21-day moving average now at $85,200, Thielen noted.

Cathie Wood to give inaugural lecture for El Salvador’s AI public education program

ARK Invest founder Cathie Wood is kicking off El Salvador's AI education program by giving the inaugural lecture for the public education initiative.

In a March 23 X post, El Salvador’s Bitcoin Office wrote that the program would leverage industry experts to provide university-level artificial intelligence education to students and professionals. The Bitcoin Office added:

“This is the only national education program bringing in top-tier field experts to blow young minds! We are rolling out the red carpet for a powerhouse lineup of heavy hitters — big names with epic achievements.”

Wood previously met with the president of El Salvador, Nayib Bukele, to discuss the future of crypto and AI policy in the Central American country.

Wood said El Salvador could increase gross domestic product (GDP) tenfold over the next five years if the country continues to focus on pro-innovation policies. 

Bitcoin needs weekly close above $85k to avoid correction to $76k: analysts

Bitcoin analysts are eying the weekly close to gauge Bitcoin’s price trajectory for next week, as traditional and crypto markets are lacking direction amid a mix of global trade war fears paired with easing inflation concerns.

Bitcoin's (BTC) price may see more downside next week unless it manages to close the week above the $85,000 psychological mark, according to Ryan Lee, chief analyst at Bitget Research.

“Bitcoin’s relief rally after the FOMC meeting and lower CPI readings has analysts eyeing a weekly close above $85,000, as critical for resuming upside momentum,” Lee told Cointelegraph, adding:

“A close above this level could prevent a drop to $76,000 and signal strength, while $87,000 would provide even clearer bullish confirmation. Macro factors like steady rates and cooling inflation support risk assets, but the Sunday close will be decisive.”

Bitcoin’s price has been lacking momentum, rising only 0.9% over the past week, Cointelegraph Markets Pro data shows. A disappointing weekly close risks a revisit to the previous week’s price low of $76,600.