#财神每日币圈资讯

March 5
1. Bitcoin Market: Bitcoin continues yesterday's violent rebound, reaching a high of $74,064, currently trading at $72,754; Ethereum's high was $2,198.99, now at $2,131.83. Despite this, it hasn't broken through the 2200 mark.
Comment: Once it breaks above $70,000, a rebound should follow.
2. Altcoin Market: Bitcoin warms up, altcoins are being drained; aside from mainstream altcoins, most perform moderately. SOL is weaker, up 4%, closing at $80.71; DOGE surges 10%, at $0.0994; PIPPIN drops 12%, at $0.34; RIVER rises then falls, at $18.5; Q experienced a flash crash this morning, now down 50%; EDGE down 36%.
Comment: Flash crashes are trending lately; be cautious if you're trading altcoins.
3. Neighboring Markets: The three major US stock indices all rose, with the Nasdaq up over 1%, Micron Technology and Intel rising over 5%; the Shanghai Composite Index fell 1%, with most stocks declining; gold slightly rebounded to $5,151; silver closed at $83.77; oil prices continued to surge 2%, at $76.11.
Comment: Yesterday's global stock market crash released some risk; without other major negative news, the plunge is an opportunity to buy the dip. A rebound is expected next, and today’s A-shares and Asia-Pacific stocks probably won't perform badly. Regarding gold and silver, the little god still maintains a "double top" pattern; oil prices, supported by the positive outlook from the Strait of Hormuz closure, may continue to be supported.
4. Major News: Wang Yi spoke with Saudi Foreign Minister and UAE Foreign Minister by phone; China will send a Middle East envoy to mediate.
5. Major News: The US-Iran situation continues to escalate. US Defense Secretary states that strikes on Iran are "no longer following the rules of engagement"; the US Senate held its first vote on the Iran War Powers Resolution, which did not pass, stopping Trump from striking Iran without Congressional approval.
6. Financial News: The world's largest gold ETF—SPDR Gold Trust—reduced holdings by 18 tons compared to the previous day, the largest single-day reduction since April 2013, with current holdings at 1,081.038 tons.
7. Financial News: The White House officially nominated Kevin W. W. to succeed Stephen M. as Federal Reserve Chair, and submitted the nomination to the Senate.
8. Cryptocurrency News: Cbase calls for lifting the UK Central Bank's stablecoin holding limit.
9. Institutional and On-Chain Updates: Michael Saylor states that Strategy Bitcoin's buying potential exceeds the market supply; BlackRock bought over 17,000 Bitcoins in the past week, worth approximately $1.28 billion.
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