➡️ Crypto Market
Bitcoin ($ BTC) briefly surged to $69,000 overnight, but after Donald Trump's remarks, the price quickly retreated to around $67,000. Once again, Bitcoin didn't ride the wave of US stock market gains, but instead fell sharply when the market declined — a familiar scenario.
Ethereum ($ETH) has returned to a "follow the dip, slow to the rise" pattern, currently trading at around $2,058, down more than 2%.
Solana ($ SOL) traded around $79, performing Medium. However, Solana -related stocks in the US rose 9.4% despite the overall trend, indicating that outflows of capital remain positive.
The total value of liquidations in the past 24 hours reached $395 million, including $240 million in Longing positions being wiped out and $155 million in Short positions being closed.
➡️ Global Stocks
The US market showed mixed performance: the Dow Jones fell 0.13%, the S&P 500 rose 0.11%, and the Nasdaq gained 0.18%. Crypto-related stocks also showed significant divergence.
Japanese and South Korean markets recovered at the start of trading: Nikkei 225 rose 1.17%, KOSPI increased 2.77%.
Data from Goldman Sachs shows that hedge funds withdrew Capital from global markets in March at the fastest rate in 13 years. The MSCI World Index also fell 7.4% during the same period.
Goods
Oil prices surged: WTI crude rose 13% to $112.29 per barrel, and Brent crude increased 8% to $112.55 per barrel. Trump's remarks not only failed to curb oil prices but also fueled the upward trend.
Gold prices fell below $4,720, down 1.72% on the day. Silver dropped to $72.9, down 2.81%.
Amidst conflict and rising inflation expectations, the downward correction in gold prices is XEM a rather unusual development.
➡️ Macroeconomic developments
Tensions between the US and Iran escalated following the bombing of an iconic bridge in Iran, causing market sentiment to shift from optimism to concern.
Chicago Fed President Austan Goolsbee warned that the oil price shock came at the wrong time, as inflation from previous tax policies had not yet subsided — expectations of inflation could rise sharply.
The US Treasury Department also issued a warning about the $2 trillion private credit market. Two funds managed by Blue Owl Capital recorded "unusual" Capital requests and had to apply a 5% withdrawal limit. Weak economic signals continue to emerge.
➡️ Industry News
The $285 million hack involving Drift Protocol is still under investigation. Analytics firm Elliptic says there are “multiple indications” linking it to a North Korean hacking group. The Token $DRIFT has dropped more than 40%. Investigator ZachXBT also questioned Circle’s slow response.
DeFi security continues to be a cause for concern this year.
Coinbase received conditional approval from the OCC to establish “Coinbase National Trust.” This is not a banking license, but primarily serves as a custody and infrastructure facility for the organization.
Circle announced plans to launch cirBTC — a 1:1 Tokenize Bitcoin product targeting institutional clients, initially deployed on Ethereum and Arc.
Trump appointed Todd Blanche as Acting Attorney General. Prior to this, he had signed a document temporarily halting the prosecution of crypto-related violations while holding BTC, SOL, ADA, and ETH — a violation of ethical rules.
Bitcoin mining company Marathon Digital Holdings (MARA) has cut approximately 15% of its workforce, shifting its focus to AI and digital infrastructure. The company recently sold over 15,000 BTC to pay off debt and recorded a net loss of $1.3 billion for the year.
