Bitcoin Rises as Trump Tariff Concerns Ease, Ether Shows Gains
Risk assets, including cryptocurrencies, showed positive movement amid reports that President Trump's upcoming tariffs may be less severe than originally anticipated. Key points include:
- The Federal Reserve maintained forecasts for two interest-rate cuts while addressing inflation concerns related to tariffs.
- Bitcoin (BTC) rose over 1% to $87,300; Ethereum (ETH) increased by 4% to $2,090, with its supply on centralized exchanges at a low since November 2015.
- Mantle Network's MNT token surged 6%, with significant purchases linked to Trump.
- Tokenized real-world assets reached over $10 billion in total value locked, with Maker, BlackRock's BUIDL, and Ethena's USDtb each exceeding $1 billion.
- DWF Labs announced a $250 million fund focused on mid-sized and large-cap crypto projects.
- Coinbase is reportedly in talks to acquire Deribit, a leading cryptocurrency options exchange.
- dYdX initiated a buyback program allocating 25% of net protocol fees starting today.
Upcoming events include the U.S. personal consumption expenditure report due Friday and Senate hearings on SEC nominations on March 27. Noteworthy token activities involve:
- Berachain expanding its Proof of Liquidity mechanism.
- CleanSpark joining the S&P SmallCap 600 index.
- Ethereum’s Hoodi testnet activating the Pascal hard fork on March 26.
- Multiple token unlocks scheduled for March 31 and April 1.
Market movements: BTC is down 3.39% from Friday, while ETH is up 5.81%. Bitcoin dominance stands at 61.55%. Overall, risk sentiment appears to be improving, potentially benefiting various tokens.
Chart insights show the total value of crypto assets locked in tokenized real-world assets surpassing $10 billion, indicating potential growth in this sector.