March 5, 2025 1:20 pm
Key moments An initial 7% gain evolved to an even higher price increase, with Bitcoin going above $90,000. Positive statements from U.S. officials regarding potential trade compromises with Canada and Mexico significantly boosted investor confidence. The total value of the cryptocurrency market surpassed $3 trillion. Bitcoin Surges Beyond $90,000 Bitcoin’s valuation has eclipsed the $90,000 […]
Read moreMarch 5, 2025 12:18 pm
Key moments USDCNH stabilizes near recent lows of 7.2600 amid cautious market sentiment. China raises its 2025 fiscal deficit target to 4% of GDP while maintaining a 5% GDP growth forecast. Enhanced bond issuances are set to finance consumer subsidies and infrastructure investments. China’s 2025 Fiscal Deficit Target at Its Highest in More Than Three […]
Read moreMarch 5, 2025 12:05 pm
Key moments USD/MXN exchange rate remains above the 20.5000 threshold. Marked by significant volatility, the USD/MXN pair reached a high exceeding 20.9600 on Tuesday, followed by a swift retreat. Despite Wednesday’s continued fluctuations, the pair settled above 20.5000. In response to U.S. tariffs, Mexico, under President Claudia Sheinbaum, has announced plans to implement its own […]
Read moreMarch 5, 2025 10:21 am
Key moments The USD/CAD exchange rate has dropped below 1.4400. New tariffs enacted by the U.S. administration have generated worries about potential economic deceleration, leading to shifts in investor behavior. Inconsistent messaging from U.S. officials regarding tariff policies contributed to increased market volatility and a weakened U.S. Dollar. Trade Disputes Shake USD/CAD The dynamic interplay […]
Read moreMarch 5, 2025 9:41 am
Key moments The Indian rupee experienced a modest increase of 9 paise to reach 87.10 against the dollar in early Wednesday trading. The rupee’s initial trading activity commenced at 87.18 against the U.S. dollar within the interbank foreign exchange market. The recent outflow of $128 million added to the $12 billion yearly pressure on India’s […]
Read moreMarch 5, 2025 9:35 am
Key moments IBIT price drops below $46.07, the lowest since early November, representing an 11% decline. Trading volume reaches a peak of over 331 million shares traded on Nasdaq. Investors withdraw over $1 billion from the ETF, as per data from Farside Investors. ETF Sees Significant Outflows and Price Decline Amid Increased Market Activity The […]
Read moreMarch 5, 2025 8:41 am
Key moments Euro gains momentum following Trump’s congressional address and tariff implementations. Dollar weakens to a four-month low against the euro as trade war fears escalate. Market anticipates potential European countermeasures as U.S. tariff threats loom. The Euro Emerges as Significant Beneficiary as President Trump’s Tariff Policies Take Effect Against Key U.S. Trade Partners The […]
Read moreMarch 5, 2025 8:14 am
Key moments $22 million worth of Bitcoin, held in wallets untouched since 2011, has been transferred. The movement of these old Bitcoin holdings has raised concerns about potential sell-offs, adding to market uncertainty amid existing macroeconomic pressures. While the recent transfer involved a substantial amount, it didn’t qualify as “whale” activity, and the identities of […]
Read moreMarch 5, 2025 7:53 am
Key moments Significant market-wide liquidations totaling $1.09 billion in 24 hours. Bitcoin price decline from a recent peak of $94,000 to approximately $84,000, with a further drop anticipated. Major altcoins experiencing corrections of up to 25%, significantly impacting market expectations. Tariffs and Volatility Trigger Market-Wide Liquidations and Price Drops The cryptocurrency market has experienced a […]
Read moreMarch 4, 2025 4:03 pm
Key moments The U.S. dollar index fell 0.54% to 105.96, reaching its lowest point for the past three months. The Japanese yen and Swiss franc both experienced gains of nearly 1%, as investors sought safe-haven currencies. The euro climbed to $1.0547, its highest level since December, marking a 0.5% increase. US Dollar Index React Negatively […]
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