1️⃣ Bitcoin continues to challenge the $70,000 mark but has yet to hold it.
Several breakouts have occurred, but they have all quickly weakened. This indicates that buying pressure is still insufficient, making it easy for prices to reverse course when faced with selling pressure.
2️⃣ Ethereum and Solana have recently shown little independent volatility.
Both mostly fluctuated sideways in line with the overall market trend.
3️⃣ Member countries of the International Energy Agency coordinated the Dump of approximately 400 million barrels of oil from their emergency reserves , believed to be the largest Dump in history.
Oil prices fell slightly after this development, but the decrease was insignificant.
4️⃣ US inflation data for February was released exactly as predicted.
CPI year-on-year (YoY): 2.4%
Core CPI: 2.5%
These figures came as no surprise to the market.
5️⃣ Data from CME Group shows the probability of the US Federal Reserve cutting interest rates in March is less than 1% .
The market is currently watching to see whether a rebound in oil prices will fuel inflation.
6️⃣ The Iranian president has put forward three conditions for ending the war , including:
Recognizing Iran's legitimate rights.
War reparations
A strong international commitment to preventing future attacks.
7️⃣ Meanwhile, Donald Trump declared that Iran "no longer has the capability to attack," and suggested that the conflict could end in a very short time.
8️⃣ Geopolitical tensions have also fueled a surge in demand for stablecoins in Dubai.
Circle has issued over 2.3 billion USDC in just the past week.
In times of uncertainty, the digital dollar often proves more useful than ever.
9️⃣ Analyst Ali Martinez stated that the key technical milestones for Bitcoin currently are:
Support: $62,791
Resistance: $71,840
A clear breakout in either direction could determine the next major trend in the market.
10 Changpeng Zhao (CZ) asserted that Binance never short-sells the market and does not attempt to manipulate prices to drive them down.
