Overview of Crypto Daybook Americas
Date: March 25, 2025
Welcome to Crypto Daybook Americas, your morning brief on the overnight events in crypto markets and expectations for the day ahead. Subscribe here to never miss it!
Market Highlights
- Bitcoin (BTC) is currently trading above $87,000, while the S&P 500 has regained its 200-day moving average, last held since March 10.
Upcoming Events
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Volatility Expectation: Anticipate increased market swings ahead of the quarterly options expiry this Friday, with over $12 billion in notional value expiring at Deribit, having a max pain price of $85,000.
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Tariff Introductions: President Trump is initiating secondary tariffs that could levy 25% on countries importing oil and gas from Venezuela. He has mentioned additional tariffs on sectors such as automobiles and semiconductor chips soon.
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Comments from Scott Bessent: The Treasury Secretary supports tariffs as strategic tools to enhance negotiation leverage and trade balance for the U.S.
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Rachel Reeves on U.K. Measures: The Chancellor is set to release the Spring Statement alongside proposals for civil service job reductions with no new tax hikes expected.
What to Watch
Crypto Events
- March 25: Mimir upgrade on Chromia mainnet.
- March 26: Celo mainnet hard fork transitions to Ethereum L2.
Macro Events
- March 26: U.K.’s consumer price inflation data.
Market Movements
- Bitcoin is up 1.12% from the previous sessions with values closely monitoring institutional trends in future contracts and options.
Conclusion
Stay alert for developments as the crypto landscape evolves rapidly with these economic strategies and market dynamics.
