Key Updates:
- Financial markets displayed a positive trend early Monday as reports emerged that the Trump tariffs set for April 2 might be less extensive than initially feared.
- Bitcoin (BTC) is currently priced at around $86,500, reflecting a 2.7% increase in the past 24 hours, while Solana’s SOL token has risen nearly 6% to $138.
- Upcoming significant events include Friday’s PCE reading, which is the Federal Reserve’s favored inflation measure, and the Senate Banking Committee hearing involving SEC nominee Paul Atkins and Comptroller of the Currency nominee Jonathan Gould on March 27.
Financial markets are showing a risk-on sentiment early Monday, supported by reports indicating that the upcoming tariffs from Trump due on April 2 may be more moderate than initially anticipated.
Investors are keeping a close watch on how BTC, the leading cryptocurrency by market capitalization, trades, currently at approximately $86,500, which shows a 2.7% rise over the last day, while SOL token is nearing a 6% increase. Market indicators also reflect optimism, as futures tied to major indices such as the S&P 500 and Dow Jones have increased by over 0.5% today.
Reports suggest some exemptions for specific countries and clarify that previous levies on metals may not overlap. Trump’s announcement of tighter tariffs could potentially upset the previous market trends that saw significant drops in February. The Federal Reserve’s predictions also indicate potential rate cuts, contributing to a resurgence of bullish sentiment in the cryptocurrency market. One observer commented they’d wager BTC could reach $110,000 before retesting lower thresholds.
