Price Action:

Bitcoin experienced high volatility, ranging between 91,400 and 87,900, with $6.6M in liquidations, mostly impacting shorts at $4.6M. It remains below key moving averages but holds support above the 200-day MA. A bullish move could emerge if buyers reclaim the 30-day VWAP at 91,300.

Ethereum traded between 2,180 and 2,270 with strong volume but remains below major moving averages. Lower funding rates indicate reduced market leverage, with short liquidations of $970K versus $600K in longs suggesting bearish momentum. Support holds at 2,180, while a push toward 2,500 is possible if sentiment shifts.

Top movers: SUI (+4.1%), HBAR (+1.7%), AIXBT (-12.1%), S (-9.8%), AAVE (-9.2%), ADA (-7.3%).

Friday

• ⁠  Asian stocks tracked US markets lower as shifting tariff policies under President Trump fueled uncertainty and weakened economic confidence.
• ⁠  China stood out as a bright spot, with a key index of Hong Kong-listed Chinese stocks reaching its highest level since November 2021.
• ⁠  Bitcoin dropped as much as 5.7% before recovering some losses after Trump’s Bitcoin reserve announcement, which, despite fulfilling a campaign promise, fell short of industry expectations.
• ⁠  China’s exports hit a yearly record as businesses rushed shipments ahead of rising US tariffs and the threat of more.
• ⁠  Traders now look to Friday’s US nonfarm payrolls report for clues on interest rate direction, with Fed Chair Jerome Powell set to speak later that day. The Fed is expected to hold rates steady at its March 18-19 meeting while assessing labor market strength, inflation trends, and recent policy shifts.

Thursday

• ⁠  Stock futures pointed to a weaker Wall Street open, with tech stocks hit by disappointing earnings and growing competition from China in AI.
• ⁠  Chip stocks fell after Alibaba unveiled its Qwen platform, claiming performance on par with DeepSeek but using far less data.
• ⁠  Europe’s Stoxx 600 dropped 0.6% as bond yields surged following Germany’s announcement of massive additional spending.
• ⁠  Investors await the European Central Bank’s meeting, where a 25 basis-point rate cut is expected, along with insights on how policymakers will respond to Germany’s spending plans.
• ⁠  Meanwhile, US employers announced the fastest pace of job cuts since the early pandemic, driven by government sector layoffs as the Trump administration moves to shrink the federal workforce.

Tuesday

• ⁠  Cryptos stayed volatile as Bitcoin extended losses after Monday’s 9% drop, following Trump’s push for a digital-asset stockpile.
• ⁠  US stock futures pointed lower after the S&P 500’s worst drop this year, driven by global trade tensions. Trump imposed tariffs on Mexico, Canada, and China, with Canada responding with sweeping tariffs and China retaliating with levies up to 15% on some US exports. Investors await his congressional address for hints on future steps.
• ⁠  Treasuries hit their lowest since October as traders increased bets on Fed rate cuts. Meanwhile, Trump paused all military aid to Ukraine, escalating tensions with Zelenskiy.
• ⁠  The euro surged 0.6% to a 2024 high after the EU proposed €150B in loans to boost defense spending.

Monday

• ⁠  US stock futures signaled gains as investors saw buying opportunities after a rough week. European equities and the euro surged on expectations of increased defense spending.
• ⁠  Bitcoin hovered around $92,000, trimming weekend gains after Trump vowed to support the industry saying he plans to move ahead with a US Crypto Reserve. Crypto stocks rallied, with MicroStrategy up 11%, Coinbase gaining 8.5%, and Riot Platforms rising 8.4%.
• ⁠  Regional leaders backed Ukraine and fast-tracked military spending plans following a public clash between Trump and Zelenskiy.
• ⁠  Markets now await the March 4 tariff deadline, which could bring 25% US levies on Canada and Mexico, plus an additional 10% on China.