📊 Daily Crypto Market Update 📊
1. Market Overview
- Global Market Cap: 2.99T (previously 2.85T)
- Top Movers: KAITO, AAVE, BCH, IP, HBAR.
2. Altcoin Market Trends 📈
- Utility plays saw a strong bounce today with a few US based protocols outperforming due to rumors of Trump announcing 0% capital gains on US based cryptocurrencies at the White House Summit March 7th. We've also seen a few memecoins outperform which means traders are feeling more confident about the market and macro-economic environment.
3. Key News Headlines 📰
- Regulatory Updates: SEC to Host Crypto Regulation Roundtable on March 21st
- Partnerships or Integrations: Uniswap partners with Robinhood, MoonPay, and Transak
- Major Developments: Twitch streamer Amouranth says she was held at gunpoint for her crypto in home invasion
4. Upcoming Events ⏩
- Macro Events: White House Crypto Summit Mar 7th. FOMC Mar 19th.
5. Summary ✍️
The reason for the rally in the market was because Ukraine is now ready to sign the minerals deal and signaled they're ready to start peace talks. There's also rumors of Trump easing off the tariffs as soon as tomorrow + a possible announcement of him announcing a 0% capital gains tax on US based cryptocurrencies at the White House Crypto Summit March 7th. This has caused many people to gain confidence in the market again. I'm looking to buy on any retracement to major support levels on the daily/weekly timeframes (BTC 85k, ETH, 2100, SOL, 127, etc.) and expect the Crypto Summit to be a "sell-the-news" event, unless other unexpected announcements are made.
$BTC $ETH $XRP #MarketRebound #GPSonBinance #USTariffs #FTXrepayment #USCryptoReserve