surge

The concept coins in the United States are experiencing significant volatility, and the trading volume of tokens like ADA has surged

ChainCatcher news, in the past 24 hours, the prices of American concept coins have shown an overall downward trend, but trading volume continues to grow. According to MEXC data, $ADA has been active, with the number of spot traders increasing by 409% month-on-month and the number of contract traders increasing by 259%; in terms of trading volume, spot trading has increased by 410% month-on-month, and contracts have increased by 913%.Meanwhile, the trading enthusiasm for $XRP remains strong, with the number of spot traders increasing by 129% month-on-month and contracts increasing by 88%; in terms of trading volume, spot trading has increased by 205% month-on-month, and contracts have increased by 142%. On March 2, Trump made a statement regarding cryptocurrency reserves, announcing that his digital asset executive order has instructed the presidential task force to advance a crypto strategic reserve plan that includes XRP, SOL, ADA, BTC, and ETH, to "ensure that the United States becomes a global crypto hub."This statement ignited market enthusiasm, leading to rapid fluctuations in the prices and trading volumes of related assets. As market sentiment gradually stabilizes, the prices of American concept coins have experienced a pullback, but the trading enthusiasm in the market has not completely faded, and investors are still closely monitoring the further impact of U.S. policies on the crypto market.

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.
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