#BitcoinPolicyShift 📊 Daily Crypto Market Update 📊

1. Market Overview

- Global Market Cap: 3.07T (previously 3.13T)

- Top Movers: CRO, MOVE, ENA, BGB, SUI

2. Altcoin Market Trends 📈

- Utility plays and memes continue to maintain similar mindshare ahead of the White House Crypto Summit March 7th. Trump's announcements will set the trend moving forward, of which I expect continued chop until then.

3. Key News Headlines 📰

- Regulatory Updates: Japan’s ruling party moves to slash crypto capital gains taxes to 20% and Bitwise applies for an Aptos ETF

- Partnerships or Integrations: Trump's company, World Liberty Financial, has announced a partnership with Sui, integrating it into its strategic token reserve

- Major Developments: Trump just signed an executive order officially creating a Bitcoin Strategic Reserve

4. Upcoming Events ⏩

- Macro Events: White House Crypto Summit Mar 7th. FOMC Mar 19th.

5. Summary ✍️

The market has been extremely volatile due to the macro-uncertainty regarding the tariffs, Russia/Ukraine war, and recent announcement of Trump signing an executive order officially creating a Bitcoin Strategic Reserve, which shows most "selling-the-news" at the moment. We still have the rumored 0% cap gains on US based cryptocurrencies which will be interesting to see how most react if that's implemented. You can try to play this volatility but I'm currently waiting until there's more clarity. I still expect a "sell-the-news" event March 7th considering the overall macro uncertainty, but wouldn't rule out an initial pump if Trump announces other big developments before an eventual sell-off a few days later.

Gem Hunters Trenches had a nice SOL short that played out today which shows even during this chop, there's always opportunities. Join here if you haven't (http://t.me/GemHuntersTrenches_Bot). You should be looking to short at major resistance levels on the daily/weekly and longing at major support levels. We try to provide as many accurate plays as possible, which is the reason why we're not posting them every day. We're waiting for setups that provide the best R/R. At Gem Hunters, it's about quality, not quantity 🤝