What to Know
You are looking at Crypto Daybook Americas, your morning update on global crypto markets. This newsletter brings you key insights on events that happened overnight and what to expect throughout the day.
Market Overview
Macroeconomic factors are fueling the short-term volatility of Bitcoin (BTC), maintaining its presence above $80,000. Recent news highlights a growing risk-off sentiment as Bitcoin continues to outclass the broader crypto market.
- Bitcoin’s dominance has surged to 62%, nearing its annual peak, while the ETH-BTC ratio indicates Ethereum’s underperformance.
- Macroeconomic influences, including ongoing trade tensions from former President Trump, specifically concerning tariffs with Canada and the EU, present additional market concerns.
A significant development from Canada involves Prime Minister Mark Carney, who is considering selling U.S. dollar bonds as the 6th largest holder of U.S. Treasuries, potentially affecting yields against the backdrop of ongoing economic challenges.
Market analysts await today’s Consumer Price Index (CPI) report, with hopes for a softer inflation rate—a crucial indicator for potential market shifts.
Upcoming Events
- March 12: CPI data releases for Brazil and the U.S. are key highlights.
- March 15: Mainnet launches for various crypto projects, including Athene Network.
Stay tuned for updates!
