#财神每日币圈资讯

March 4th
1. Bitcoin Market: Bitcoin initially dropped then rose, maintaining a overall sideways pattern. The lowest close was $66,111, and the highest was $68,960. Currently, it’s trading at $68,270. Let’s see when the sideways range will be broken. Everyone should be prepared for long-term volatility. ETH’s trend is weaker than Bitcoin, with a low of $1,928 and currently trading at $1,980.
2. Altcoin Market: SOL performed slightly better, closing at $87; DOGE performed weaker, down 4%, now at $0.09; yesterday’s hottest topic was POWER crashing to zero, with POWER peaking near $2, now down 90%, at $0.1886; PIPPIN down 30%, at $0.38; ARC down 29%, at $0.0369; MYX down 18%, at $0.3114; VVV down 15%, at $6; PHA up 47%, at $0.0369; RIVER up 20%, at $17.938.
3. Neighboring Markets: European and American stock markets all closed lower, Dow down 0.83%, Nasdaq down 1.02%; China’s A-shares plummeted 1.43%. Two days ago, we mentioned the “Two Sessions” meeting, warning to watch out for the typical “good news exhausted” pattern, which seems to be happening today. Gold and silver plunged, gold down 4%, closing at $5,060; silver dropped 8%, at $82.3. We also warned yesterday about the potential “double top” pattern in gold and silver markets, which now appears to be the case. Crude oil rose over 5%, closing at $74.8.
4. Due to the possibility that US and Israel’s attack on Iran could disrupt oil supplies, Wall Street is on high alert, preparing for a new round of inflation. This has caused US Treasury yields to soar and delayed market expectations for Fed rate cuts. The New York Fed President stated: The impact of the conflict remains to be seen, and the door for rate cuts is not closed.
5. Trump called on Congress to immediately pass the Bitcoin and Cryptocurrency Market Structure Act; CFTC Chairman urged the passage of the Cryptocurrency Market Structure Act.
6. Korea’s stock market opened with a sharp drop of 4.85%.
7. Strategy founder Michael Saylor announced that he is buying Bitcoin.
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