Trump has proposed introducing tariffs that would match foreign duties placed on U.S.
The full impact of U.S. President Donald Trump’s much-anticipated tariff announcement on April 2 has yet to be priced in by markets, according to analysts at Wolfe Research.
In a note to clients on Tuesday, the analysts led by Tobin Marcus said that although a sell-off on Friday helped put markets "closer in line with market expectations," most sell-side investors are now calling for Trump to roll out larger-than-projected reciprocal tariffs.#TrumpTariffs
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Bitcoin Plunges Back to $86K, Erasing Nearly All Gains from the Previous Day
Bitcoin experienced a sudden pullback to $86,000, wiping out nearly all of its gains from the previous day. This price fluctuation followed reports about a new U.S. initiative on cryptocurrency reserves, which includes Bitcoin and other major digital assets.
After surging past $94,000, Bitcoin swiftly retraced, marking extreme volatility within the past 48 hours. Data from CryptoQuant highlighted significant activity among cryptocurrency exchanges, revealing key insights into market movements.
The inflow and outflow of Bitcoin across exchanges have played a crucial role in shaping market sentiment and price trends. On February 25, approximately 8,400 BTC were deposited into exchanges, increasing selling pressure and triggering a subsequent price drop. However, the following day saw a reversal, with a substantial outflow of Bitcoin signaling a shift toward long-term holding strategies. This shift helped stabilize Bitcoin’s price and contributed to its recovery in early March.#BTC☀
Daily digest market movers: US Dollar down after an additional round of soft labor data, ECB.
The latest Challenger Job Cuts report for February revealed a sharp rise in layoffs, more than doubling compared to January. Continuing Jobless Claims climbed to nearly 1.90 million, signaling challenges in the employment market despite Initial Jobless Claims dropping to 221,000. The European Central Bank lowered its deposit rate by 25 basis points to 2.50 percent, aligning with market forecasts and keeping policy on a steady path. The ECB raised its inflation outlook for 2025, fueling concerns that persistent price pressures could complicate future policy decisions. Christine Lagarde emphasized the importance of a data-driven approach, stressing that the ECB must remain flexible in an increasingly volatile economic environment. Regarding Fed expectations, the CME FedWatch Tool now shows a growing probability of a Federal Reserve rate cut in June, with expectations surpassing 85 percent. Don’t forget to follow for more information $BTC #NFP
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JUST IN: Trader Loses Millionaire Status Due to Memecoin FOMO. A trader has lost his millionaire status after FOMOing into President Donald Trump's memecoin TRUMP.
After a sharp decline, the cryptocurrency market began to recover, setting many new milestones. Expectations are even higher in the next 4 years when Donald Trump becomes the 47th president of the United States. In particular, he also launched his official memecoin. In this optimistic period, cryptocurrencies have become victims of volatility.
In just 16 hours, a series of transactions caused this trader to lose his millionaire status. This is an investor famous for his bold bets, but this time he was unlucky. The trader invested heavily in Barron but only received losses and was forced to sell at the bottom. Then, to recoup, they poured nearly $ 1 million into the three hottest memecoins, but the result was only $ 40,000 left. This is a typical example of FOMO syndrome and errors in judgment.
Morning NEWS: Donald Trump Considers Establishing a Reserve Fund for “Made in USA” Coins
According to forecasts, immediately after his inauguration on January 20, President Donald Trump is expected to issue several key executive orders related to cryptocurrencies. These policies include establishing a Bitcoin reserve fund, ending the “Operation Chokepoint 2.0” campaign, and appointing crypto-friendly individuals to critical positions.
Notably, the New York Post recently revealed an intriguing plan: creating a strategic reserve fund dedicated to “Made in USA” cryptocurrencies such as Solana (SOL), USD Coin (USDC), and Ripple (XRP). However, this idea has sparked debate within the advisory team, with some members concerned that it could negatively impact Bitcoin’s value—a cryptocurrency they strongly advocate for growth.
Thailand accelerates in Asia-Pacific crypto race The policy shift coincides with increasingly fierce competition to build digital asset hubs in the Asia-Pacific region. Similar supportive policies have also been rolled out in Singapore and Hong Kong.
Meanwhile, President-elect Donald Trump has said during his campaign that he wants to make the United States a global cryptocurrency hub.
Whether we like it or not, we have to adapt to the growing popularity of cryptocurrencies around the world,” Pornanong said in an interview at her office. “We need to regulate and make sure that investors have more options for digital assets, with appropriate protections.”
Binance and other digital asset companies are also looking to Thailand as a key growth market as the country eases restrictions. Thaksin Shinawatra, the de facto leader of the ruling Pheu Thai Party, is a crypto supporter and recently suggested that Thailand should consider issuing a government-backed stablecoin for both individual and institutional investors.#BTC $BTC
Just in: Crypto Weekly (06/01 – 12/01): Bitcoin Continues to Plummet to 100k
1. Crypto Market Last Week Last week, Bitcoin once again surpassed the $100,000 milestone. However, the joy was short-lived as the price quickly corrected sharply, dropping from a peak of $102,700 to a weekly low of $91,300. Currently, Bitcoin is trading around $95,000. In terms of news, there were no significant events last week that greatly impacted the price. The primary reason for the decline is believed to be strong selling pressure from ETFs, replacing the previously strong buying momentum. #BTCMove $BTC
Licensed cryptocurrency exchange allegedly stole “hundreds of millions of baht” worth of electricity from suppliers, worth at least $2.88 million.
Thai police and electricity officials have seized 996 Bitcoin mining rigs from a company that allegedly used illegal electricity to run the machines.
The Bitcoin mining rigs were seized at a JIT Co facility in Phanat Nikhom, Chon Buri province, on Jan. 8, according to information from Police Major General Montree Theskhan, head of the Crime Suppression Bureau, reported to the Bangkok Post on Jan. 9.
JIT Co is accused of stealing an estimated “hundreds of millions of baht” worth of electricity, with the lowest amount being around 100 million baht, worth at least $2.88 million at current exchange rates.#BTC $BTC $BNB