By Manoj Dharra
By Manoj DharraMkt Turmoil Intensifies After White House Crypto Summit
Over the period of 7 days BTC has lost $12000…There is an underlying carnage in the markets, which is quite evident over the last 7 days, which is why investors are pulling out post-signing of the reserve document at the White House Digital assets Summit…There have been passing moments of doubt because of tariff issues, interest rates concerns and ETF outflows, but the market seems to be digesting this on the back of expected good news around the reserve…What I am trying to tell you is that Trump is merely acting as a Illusionist who makes it look like walking on water or making a building disappear possible… But the truth of the matter is that development around regulations are at very nascent stage and who knows when it will see the light of day.At a time when MS of the world is trying to save BTC and Trump keeps on mentioning that BTC will be the savior of the economy and we can only see outflows in the ETFs where is the positivity?Should one blindly just invest?It is good to be vigilant and cautious for a market that creates higher bottoms and lower highs every now and then; there is no trend in this where one can take a conscious call for investment purposes as of now.Like the saying goes, trend is your friend, and trust your friends…Please don’t get me wrong, overall BTC has proved to outshine all asset classes, What I am just saying is don’t act on impulse and do your own research and connect with your financial advisor before making any investment bets.1) Treasury Secretary Howard Lutnick denied the possibility of a U.S. recession, arguing Sunday that Donald Trump’s tariff strategy will drive $1.3 trillion in new investment and unleash American growth.2) Despite Lutnick’s optimism, crypto traders are less confident, with bitcoin and other cryptocurrencies falling, and the odds of a U.S. recession in 2025 increasing to 41% on Polymarket.3) The latest U.S. jobs report showed 151,000 jobs added in February, but signs of slowing growth are emerging, with the Atlanta Fed’s GDPNow model forecasting a negative 2.8% Q1 growth rate.4) DOGE, ADA, XRP Tank 10% as Market Sentiment Index Flashes ‘Extreme Fear’, Falls to Nearly 17 Month Low5) US ETF Outflows – BTC-ETH ETF Last week (March 3-7), total net outflows of spot BTC-ETFs totaled ~$799.39 million.
Total net outflows of spot ETH-ETFs amounted to ~$119.83 million.OutlookTrump’s Bitcoin Reserve Plan Fails to Boost MarketThe so-called “Strategic Bitcoin Reserve” failed to provide the expected boost. Instead, a combination of regulatory uncertainty and geopolitical tensions triggered extreme fear across the market, with the Crypto Fear and Greed Index sinking to a worrying 17.Besides the Strategic Reserve issue, Trump’s wider economic plans also made Bitcoin’s price fall further. His recent statements about imposing tariffs on big economies like the European Union, China, Brazil, India, Mexico, and Canada, shook the crypto markets.
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