Market Overview
Bitcoin is trading around USD 70,000, while Ethereum is hovering near USD 2,060. Following recent pullbacks, the market is attempting to rebalance, and although volatility persists, signs of recovery are also noticeable. In the U.S. expectations regarding the Fed’s interest rate policy, inflation, and employment data continue to be decisive for risky assets, while the SEC’s regulatory steps toward the crypto market and ETF processes are being closely monitored by investors. Globally, geopolitical tensions and war-related risks occasionally put pressure on the market, but sustained institutional interest and the market remaining above key support levels keep the overall outlook cautious yet partially positive.
Key Developments
★★★ Kraken became one of the first crypto companies to gain access to the U.S. Federal Reserve’s payment infrastructure. (Financial Times)
★★★ Nasdaq partnered with Kraken for tokenized stock trading, aiming to bring traditional financial assets onto the blockchain. (Investors)
★★★ U.S. February CPI data will be released on March 11; the result may impact the Fed and the crypto market. (Reuters)
★★☆ U.S. senators are working on a new bill to regulate stablecoin reserves and crypto custody services. (Reuters)