#USCryptoReserve 📊 Daily Crypto Market Update 📊
1. Market Overview
- Global Market Cap: 3.13T (previously 2.99T)
- Top Movers: MOVE, ONDO, BCH, LINK, APT
2. Altcoin Market Trends 📈
- The altcoin/memecoin market continues to heat up as we approach the crypto summit March 7th. The trenches are getting exciting again so expect more opportunities coming out of those. Also watch US based cryptocurrencies, especially if Trump announces 0% capital gains tax on US based cryptocurrencies.
3. Key News Headlines 📰
- Regulatory Updates: The Senate has overturned a rule requiring crypto platforms to provide the IRS with detailed customer information.
- Partnerships or Integrations: Powerhive and Telcoin Partner to Build the World’s First Blockchain-Powered Mobility Financing Platform
- Major Developments: Executives from crypto companies, including Coinbase, Chainlink, and Exodus, Robinhood, and Ripple will attend Trump's first White House crypto summit
4. Upcoming Events ⏩
- Macro Events: White House Crypto Summit Mar 7th. FOMC Mar 19th.
5. Summary ✍️
The market is starting to price in positive announcements for the crypto summit March 7th (such as 0% capital gains tax on US based cryptocurrencies or even implementing a strategic bitcoin reserve). This makes me believe it'll be a "sell-the-news" event or at the very least a delayed sell-the-news event depending on what's announced. I'm starting to look for shorts the higher we get and will be layering in toward the major resistance levels starting at 93k, 95k, and 98k, especially if the news doesn't live up to the hype.
