BITCOIN TUMBLES 9%, REVERSING MOST OF THE RALLY FROM TRUMP’S CRYPTO RESERVE ANNOUNCEMENT Bitcoin drops 9%, trading around $85,000. The decline follows concerns over proposed tariffs and their economic impact. Earlier optimism from Trump’s crypto reserve announcement fades. Ether also down 15%, trading at $2,100.
AUD/USD is falling and staying near 0.6200. RBA Minutes were dovish, meaning policymakers are worried about economic risks. Australian Retail Sales met expectations but didn’t help the Aussie dollar. US-China trade tensions are making things worse for the Australian dollar. The US Dollar is weak, but AUD
PBOC SETS USD/CNY CENTRAL RATE AT 7.1739 (VS. ESTIMATE 7.2727) PBOC sets the daily midpoint for the yuan (CNY). The central rate is at 7.1739, better than the estimated 7.2727. The PBOC follows a managed floating exchange rate system. The yuan can fluctuate within a
EUR/USD RISES TO NEAR 1.0500, UPSIDE SEEMS LIMITED DUE TO INCREASED RISK AVERSION EUR/USD extends gains, trading around 1.0490 during Asian hours. Support from rising hopes for a potential Ukraine peace deal. Risk sentiment worsens as global tariff war fears grow. The US pauses all military
USD/JPY is weak and staying near 149.00. Donald Trump warned Japan about possible Yen devaluation. Investors expect the Bank of Japan (BoJ) to raise interest rates soon. Fear of a global trade war is making investors worried. The Japanese Yen is stronger because it is seen as a
BTC Corrects After Sharp Recovery During the Weekend Bitcoin price slightly down on Monday after a nearly 10% rally on Sunday. US Bitcoin spot ETF saw a net outflow of $2.39 billion last week. QCP Capital's report suggests that despite recovery in risk assets, BTC is not
European Stocks Look to Continue Hot Streak in March European equities start the month strong, with major indices gaining. The DAX is up over 2% on the day. The DAX aims for gains in eight of the last nine weeks. The index has almost doubled in value since the 2022
Euro Zone Inflation Dips to 2.4% in February as ECB Bets Point to Sixth Rate Cut Euro zone inflation eased to 2.4% in February. Slightly above analysts' expectations of 2.3%. Inflation down from 2.5% in January. ECB rate cut bets strengthen due to inflation trend.
The world is changing in big ways, especially in politics and the economy. Cryptocurrency is becoming more controlled by governments. New tariffs (taxes on trade) are coming, which could affect businesses and prices. Important job reports (payroll data) will give clues about the economy. The European Central Bank (ECB) will
Bitcoin Price Surge: Bitcoin's price reached around $93,000 on Monday after a 9.53% rise on Sunday. Ethereum & Ripple Follow: Ethereum increased by 14%, and Ripple jumped 35% on Sunday. Reason for Rally: The surge happened after Trump announced a ‘Crypto Strategic Reserve’.
Gold prices stayed the same on Monday. Prices first went up during the Asian session but then stopped moving. New tariffs on Mexico, Canada, and China will start on Tuesday. These tariffs are not making more people buy gold.
GBP/USD is above 1.2600 in the European session on Monday. The US Dollar is weaker, helping the British Pound gain. Investors are willing to take more risks, boosting the market. Hopes for a truce in the Ukraine conflict support the British Pound. Further gains are limited due to