US Morning News Call | US, China Discuss a Trump-Xi Summit for June

Moomoo Breakfast US07:41 ET

Ethereum Classic (ETC) holds its Resistance, and the market shows a Call for another rise.

Ethereum Classic (ETC) recently demonstrated Call signals after bouncing back from a key demand zone. After testing and holding the 17 dollar Resistance, ETC saw an 8% increase during the period of March 6.

Jinse Finance05:48 ET

Market sell-offs and economic uncertainty have led Bitcoin to face further declines: waiting for key signals from the Federal Reserve.

Due to the increase in tariffs by the USA and concerns about economic recession causing a significant change in investor sentiment, the landscape of Cryptos shows great vulnerability to macroeconomic factors. Bitcoin recently broke below the $80,000 level both digitally and psychologically, indicating a heightened level of caution among traders. Bitcoin fell to around $76,500 at its lowest point, followed by a slight rebound. The performance of Ethereum has not been much better, as its value has dropped over 11%, with the current trading price around $1,850, marking its lowest level since October 2023.

Jinse Finance00:11 ET

Concerns about economic recession have led to a sharp decline, while leveraged events present a chance to buy at the bottom.

Last night, the US stock market plummeted, with the Nasdaq Index down by 4%, and at its lowest point, the drop exceeded 5%. Major Technology stocks saw significant declines, such as Tesla falling over 15%, NVIDIA dropping more than 5%, and publicly listed companies related to the cryptocurrency sector plummeting over 10%, with MSTR down 16.88% and Coinbase dropping over 17%.

Jinse Finance00:07 ET

Bitwise: Why is the market reacting incorrectly? What is the only important issue in Bitcoin?

If you are a long-term investor, then the only important question regarding Bitcoin is: will Bitcoin become a Global macro Asset with geopolitical importance like Gold?

Jinse Finance20:39 ET

Bitcoin Drops To Four-Month Low

Business Today19:46 ET