Happy Saturday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Gold crashes under $4,500, set for the biggest weekly fall since 1983.
- One trillion dollars was wiped out from the US stock market.
- The S&P 500 fell 1.5 percent today, bringing its decline from the January peak to 7.6 percent.
- The chance of a US recession this year has risen to 37 percent.
- The bond market is now pricing in a higher probability of a Fed rate hike by the end of this year than a rate cut.
-The CFTC announces that futures commission merchants can accept Bitcoin as margin collateral.
- The odds that Bitcoin and crypto market structure legislation gets signed into law this year have surged above 69 percent.
- Coinbase CEO Brian Armstrong says Bitcoin will help preserve US dollar dominance.
- President Trump says the US is very close to ending military operations against Iran.
- The US has issued a license allowing the sale of some Iranian oil.
- President Trump says the US does not use the Strait of Hormuz and does not need it.
- Super Micro Computer shares are under pressure following charges related to alleged illegal exports of AI servers to China.
- The US national debt has increased by 2.8 trillion dollars since the debt ceiling was raised last July.
📊 Altcoin Market Updates 📊
- Key US senators have reached an agreement with the White House to resolve the crypto stablecoin yield dispute with banks.
- Grayscale has filed for a Hype ETF tracking the largest onchain perps dex Hyperliquid.
- The Solana Foundation president says gaming on a blockchain is not coming back.
- The Hawk Tuah girl Haliey Welch has broken her silence on her crypto meme coin that crashed 95 percent hours after launch, stating she was not controlling the coin.
- Ethereum is currently 57 percent below its all time high.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
$BTC $ETH $QQQ $OIL $VOO
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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.
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