Quick note before we get into it: I just opened the waitlist for my new course on trading, automation and AI. Secure your spot now.
Happy Friday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
Happy Friday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Bitcoin reclaims $72,000.
- Michael Saylor's Strategy purchased an estimated 2,645 BTC, nearly 6x the daily mined supply.
- Morgan Stanley's spot Bitcoin ETF had its best first day of trading for any of their ETFs.
- US Treasury Secretary Scott Bessent urges lawmakers to send Bitcoin and crypto market structure legislation to President Trump to sign into law.
- SEC Chair Paul Atkins calls on Congress to pass crypto market structure legislation and advance it to President Trump's desk.
- Coinbase CEO Brian Armstrong says it is time to pass the crypto Clarity Act.
- US oil prices briefly surge back over $100.
- Saudi Arabia suspends operations at several oil facilities following Iranian attacks, with losses of 600,000 barrels per day in production.
- The VIX closed the day at 19.49, below the level before the Iran conflict began.
- S&P 500 year-to-date total return reaches +0.0%.
- Core PCE inflation came in at 3.0% in February, the 60th consecutive reading above the Federal Reserve's 2% target.
📊 Altcoin Market Updates 📊
- Bittensor $TAO falls over 10% after major subnet developer Covenant AI exits the network, citing governance concerns and “decentralization theatre.
- The TON blockchain receives a major upgrade and is now 10x faster, with block rate increased 6x and transactions now subsecond.
- Matt Furie's first-ever character $SPIKE surges 50% after the PEPE ETF announcement.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
$BTC $ETH $SPY $QQQ $OIL
PS… I now completely automate one wallet and it executes trades while I do literally anything else. Join the waitlist and I will show you how to set up the exact same thing.
Written by Timothy Assi, an Elite Popular Investor on eToro.
Not investment advice. eToro is a multi-asset investment platform. Your capital is at risk. For information and educational purposes only.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Connect with me on:
🟦 Linkedin: Timothy Assi
🟪 Instagram: @panic_drop
⬛ X: @timoassi
📧 timothy@panicdrop.com
🟩 Panic Drop Podcast : on your favorite streaming app
