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The analysts expect clarity on budget-neutral bitcoin acquisition measures from Treasury Secretary Scott Bessent by May 5.

#markets #federal reserve #policy #central banks #the block #equities #macro #market recap #market updates #crypto movers #economic indicators #equity movers #rate decisions #analyst reports

Standard Chartered attributes Bitcoin's recent downturn to broader equity market distress rather than cryptocurrency-specific issues.

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CryptoQuant data indicates a significant decline in Bitcoin and Ethereum futures open interest, suggesting a potential leverage washout.

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Analysts warn of an impending U.S. stock market correction as bitcoin’s safe haven status remains unproven.

#markets #policy #2024 elections #macro #u.s. policymaking #market updates #crypto movers

Crypto markets face heightened volatility, with Bitcoin dropping below $80,000 amid uncertainty over Trump's strategic Bitcoin reserve plan.

#markets #federal reserve #policy #central banks #equities #macro #market recap #market updates #crypto movers #economic indicators #equity movers #rate decisions #analyst reports

Weaker-than-expected U.S. jobs growth in February could prompt a dovish pivot by the Federal Reserve, analysts said.

#markets #policy #treasury department #2024 elections #the block #macro #market recap #u.s. policymaking #market updates #crypto movers #economic indicators #equity movers

Standard Chartered suggests U.S. could potentially fund the Strategic Bitcoin Reserve in a budget-neutral way by selling gold for bitcoin.

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Bitcoin derivatives traders are ramping up leveraged positions and boosting open interest ahead of Friday’s White House Crypto Summit.

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World Liberty Financial has increased its crypto holdings ahead of the White House Crypto Summit, including ETH, WBTC and MOVE acquisitions.

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China has ramped up both fiscal and monetary stimulus to counter economic challenges, with increased liquidity potentially benefiting bitcoin.

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Standard Chartered warns that bitcoin’s price could drop to as low as $69,000, bringing it closer to MSTRs average purchase price of $65,000.

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Bitcoin struggles to fulfill safe-haven aspirations, whilst gold gains favor among investors seeking shelter from market volatility.

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A broad market sell-off hit both crypto, driving $1 billion in liquidations, amid fears of economic fallout from Trump administration tariffs.

#ethereum #markets #defi #aave #lending #the block #macro #crypto ecosystems #layer 1s #market updates #crypto movers

Despite the significant liquidation volume, major lending platforms have demonstrated resilience, continuing to function as designed even under stress.

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Ronaldinho has released a memecoin on called STAR10 on BNB Chain, which offers tokens holders access to challenges, rewards and events.

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The Bybit hack, a more hawkish Federal Reserve and weakened sentiment contributed to the negative flows, James Butterfill said.

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The inclusion of cryptocurrencies other than Bitcoin has sparked criticism from some crypto industry figures.

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At one point early Sunday, if the price of ETH had fallen only $54 more, the trader would've been liquidated for millions of dollars.

#ethereum #markets #bitcoin #policy #people #solana #patrick mchenry #web3 #donald trump #crypto ecosystems #layer 1s #market updates

US spot bitcoin ETFs also saw an eight-day negative streak, and Patrick McHenry joined Ondo Finance as advisory board vice chairman.

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Ether’s recent volatility surge has caught crypto options traders off guard, prompting them to adjust strategies for further downside risk

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With Solana futures set to launch on CME next month, the path for a spot SOL ETF approval could become clearer.

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Coinbase analysts say bitcoin's downturn is due to a lack of positive catalysts and insufficient support at the $80,000-$90,000 range.

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Bitcoin price continues to drop to its lowest point in months as a result of Trump's recent tariffs announcement.

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President Donald Trump and his wife Melania Trump launched official memecoins shortly before Inauguration Day in January.

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The Crypto Fear & Greed Index has sunk to a multi-year low of 10, plunging deeper into “Extreme Fear” territory.

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A combination of positive PCE data, renewed risk appetite from Nvidia’s earnings, and regulatory clarity could provide the momentum needed to push bitcoin above current levels, according to 21Shares.

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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

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Elon Musk's Department of Government Efficiency had given the Shiba Inu-inspired token a big boost since November's election.

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Standard Chartered warns that continued outflows from bitcoin ETFs could further depress prices, following a record $1 billion in outflows.

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Ethereum's recent price swings have fueled a rise in downside hedging as fears grow over the potential liquidation of long positions.