Happy Wednesday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- The US national debt has hit a new all-time high of $39 trillion.
- Gas prices across the US have risen to $3.79 per gallon, the highest since September 2023 and the sharpest 30 percent monthly increase in three decades.
- Australia increased its interest rates by 25 basis points to 4.10 percent for the second consecutive month.
- Geopolitical tensions have escalated with Iran confirming new missile strikes toward Israel, the death of security chief Ali Larijani, and its readiness for an extended conflict.
- The SEC and CFTC released joint guidance confirming that most crypto assets are not securities, including Bitcoin mining rewards under protocol mining.
- SEC Chair Paul Atkins stated that digital commodities, digital collectibles, digital tools, and payment stablecoins are not securities.
- BlackRock purchased 1,882 Bitcoin worth $139 million for its spot Bitcoin ETF.
- Michael Saylor announced his Strategy generated 16,622 Bitcoin in gains last week valued at $1.2 billion.
- Michael Saylor noted that there is not enough Bitcoin for everyone as his Strategy buys at 3.5 times the rate of miners.
- Polymarket now shows an 83% chance that Bitcoin reaches $80,000 this year.
- Kalshi traders forecast Bitcoin climbing to as high as $78,000 this month.
📊 Altcoin Market Updates 📊
- Kalshi traders assign a 56% probability to Ethereum rising above $2,500 in March.
- The SEC and CFTC guidance provides examples of altcoins such as Solana, XRP, Cardano, Dogecoin, Avalanche, and others classified as digital commodities.
- Payment stablecoins are now confirmed as non-securities in the regulatory update.
If you enjoyed this daily roundup, make sure to follow me – I’ll see you tomorrow.
Credit to the following X accounts for key insights & updates: @whaleinsider @bitcoinmagazine @watcherguru
@degeneratenews @charliebilello @economyapp @earnings_time
$BTC $ETH $SPY $QQQ $OIL
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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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