1. Bitcoin Market: Bitcoin initially dropped then rose, overall maintaining a sideways pattern. The lowest close was $66,111, the highest close was $68,960, and it is currently trading at $68,270. Next, let's see when the sideways range will be broken. Everyone should be prepared for a long-term consolidation. ETH's trend is weaker than Bitcoin, with a low close of $1,928 and currently trading at $1,980.
2. Altcoin Market: SOL is slightly stronger, trading at $87; DOGE is 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 that the "Two Sessions" would be held and warned to watch out for the typical "good news exhausted" pattern, which now seems to be confirmed. Gold and silver plunged sharply, gold down 4%, closing at $5,060; silver down 8%, at $82.3. Yesterday, we also warned about the potential "double top" pattern in gold and silver markets, which now appears to be happening. Crude oil rose over 5%, closing at $74.8.
4. Due to the possibility that the 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; the door to rate cuts is not closed.
5. Trump calls on Congress to immediately pass the Bitcoin and Cryptocurrency Market Structure Act; CFTC Chairman urges passage of the Cryptocurrency Market Structure Act.
6. South Korea's stock market opened with a sharp drop of 4.85%.
7. Strategy founder Michael Saylor announced that he is buying Bitcoin. #深度创作营
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
13
Repost
Share
Comment
0/400
CryptoSocietyOfRhinoBrotherIn
· 45m ago
Wishing you great wealth in the Year of the Horse 🐴
#财神每日币圈资讯
March 4th
1. Bitcoin Market: Bitcoin initially dropped then rose, overall maintaining a sideways pattern. The lowest close was $66,111, the highest close was $68,960, and it is currently trading at $68,270. Next, let's see when the sideways range will be broken. Everyone should be prepared for a long-term consolidation. ETH's trend is weaker than Bitcoin, with a low close of $1,928 and currently trading at $1,980.
2. Altcoin Market: SOL is slightly stronger, trading at $87; DOGE is 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 that the "Two Sessions" would be held and warned to watch out for the typical "good news exhausted" pattern, which now seems to be confirmed. Gold and silver plunged sharply, gold down 4%, closing at $5,060; silver down 8%, at $82.3. Yesterday, we also warned about the potential "double top" pattern in gold and silver markets, which now appears to be happening. Crude oil rose over 5%, closing at $74.8.
4. Due to the possibility that the 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; the door to rate cuts is not closed.
5. Trump calls on Congress to immediately pass the Bitcoin and Cryptocurrency Market Structure Act; CFTC Chairman urges passage of the Cryptocurrency Market Structure Act.
6. South Korea's stock market opened with a sharp drop of 4.85%.
7. Strategy founder Michael Saylor announced that he is buying Bitcoin.
#深度创作营