cryptocurrency summit

QCP Capital: Trump's launch of a cryptocurrency strategic reserve may boost his approval ratings, and the market is focused on Friday's White House cryptocurrency summit

ChainCatcher news, QCP Capital's latest analysis points out that after a turbulent week, the market has returned to the starting point of last Monday. Over the weekend, Trump announced the establishment of the U.S. Crypto Strategic Reserve. While some market participants believe this news has already been priced in, others see it as the only catalyst to drive cryptocurrency innovation to new highs later this year. Unexpectedly, Trump used this "lifeline" in advance, pulling the Bitcoin price back above $90,000 during the low liquidity period on Sunday.QCP Capital notes that for a president proud of being a market hero, last week's performance of risk assets was disappointing. The new round of tariff policies and the less-than-expected progress in the Russia-Ukraine talks have shaken investor confidence. Although the timing of the strategic reserve announcement was unexpected, the political considerations are clear—Trump needs a win to prevent a decline in approval ratings, which is a metric he personally values highly.Despite encouraging signs of recovery in risk assets, the market has not fully returned to normal. Bitcoin is still trading near the bottom of its multi-month range, front-end cryptocurrency volatility remains relatively high, and major cryptocurrencies continue to show a bearish skew until the end of March. The VIX fear index is also at a high level, indicating widespread unease in the market regarding overall risk assets, especially after the recent announcement by the U.S. government to raise tariffs.Key events this week include Wednesday's Purchasing Managers' Index (PMI), Friday's non-farm payroll data, and Friday's White House cryptocurrency summit. The latter will be an important event, expected to reveal key details about the U.S. cryptocurrency reserve and regulatory framework.

4E: The US stock market ended February on a low note, Trump’s endorsement caused a surge in the crypto market, and this week focuses on non-farm payrolls and the crypto summit

ChainCatcher news reports that, according to 4E monitoring, the U.S. stock market ended February poorly due to weak economic data and the impact of Trump's tariffs, with the Nasdaq leading the decline by nearly 4%, marking the worst monthly performance since April last year. The S&P 500 index fell by a cumulative 1.42%, and the Dow Jones by 1.58%. The seven tech giants saw a continuous decline in the first four days of last week, with stock prices plummeting collectively, only rebounding on Friday. For the week, Tesla had the largest drop of 13.27%, followed by Nvidia with a 7.07% decline, resulting in a total market value loss of $2.2 trillion for the seven giants compared to the December peak.The cryptocurrency market experienced significant volatility, plummeting last week due to U.S. tariff policies, weak macro data, the unlocking of SOL institutions, and the largest outflow of spot ETFs for the week. Bitcoin fell to a low of around $78,000, the lowest since November 11 of last year. ETH and SOL crashed, with many altcoins dropping to all-time lows. Amid extreme market panic, Trump personally "called out" on Sunday, advocating for BTC, ETH, XRP, SOL, and ADA to be included in the national cryptocurrency strategic reserves. The market quickly rebounded on the news, with Bitcoin briefly surpassing $95,000. As of the time of writing, Bitcoin rose 8.5% to $92,969, ETH increased 11% to $2,439, SOL surged 20% to $171, ADA skyrocketed 60% to $1.06, and XRP rose 24% to $2.78.In the foreign exchange and commodities sector, the dollar overall trended downward, with a cumulative decline of about 0.8% in February. International oil prices fell after two consecutive months of increase, with a cumulative drop of over 3% in February, marking the largest monthly decline since September last year. Spot gold plummeted over 2.7% this week, but still saw a cumulative increase of over 2.1% in February.Several U.S. economic data points performed poorly, raising investor concerns about the risk of stagflation. Last week, the U.S. January core PCE met expectations, somewhat alleviating inflation worries. This week, key focuses include the U.S. February non-farm payroll report, the Federal Reserve's economic conditions beige book, Powell's speech, and the White House cryptocurrency summit.

Greeks.Live: This week is a macro big week, and the most noteworthy event is the cryptocurrency summit in the U.S. on Friday

ChainCatcher news, Greeks . Live macro researcher Adam posted on the X platform that the most noteworthy event this week is the cryptocurrency summit to be held in the U.S. on March 7, where every move of Trump greatly influences the cryptocurrency market. This week is a macro big week, with impactful news almost every day. This Friday, in addition to the crypto summit, there are two significant data points: the unemployment rate and non-farm payrolls, which are very worth paying attention to. Moreover, the U.S. is about to switch to daylight saving time, making it more convenient to monitor the market. On Tuesday, Trump's tariff policy on the U.S. and Canada takes effect, and there are also important economic events on other days, creating rare trading opportunities driven by events.Cryptocurrency market outlook: The cryptocurrency market rebounded significantly over the weekend, with a single tweet from Trump reversing the prolonged bearish sentiment in the crypto market. Bitcoin has returned to the fluctuation zone of $94,000, and the sudden change in market conditions caught participants off guard, shifting market sentiment from very pessimistic to very optimistic. In terms of options, the volatile market has driven a rebound in implied volatility (IV) across all maturities, with the at-the-money IV for the current month rebounding to 55%, and short-term IV soaring to 70%. The intense market movements and the uncertainty brought by multiple economic events this week will likely keep the IV at a relatively high level, but buying options remains very cost-effective.Regarding the cryptocurrency interest rate market, the Bitfinex interest rate market has been relatively stable recently, and suitable interest rate orders can be actively executed, especially during market movements, which are worth paying special attention to.
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