Market sentiment stays weak as international commerce tensions escalate following the rise of a brand new 25% tariff on metal and aluminum imports from the US at this time.
Market tensions rise because the US and EU broaden their commerce warfare
In response, the European Union has introduced retaliatory measures and plans to impose tariffs on US items price 26 billion euros beginning subsequent month.
The VIX index, an necessary measure of market volatility, rose to twenty-eight earlier than setting all the way down to 26.6. In the meantime, the Cboe Vix futures curve has reversed, indicating that the market could also be nearing its backside.
Traders are additionally carefully watching upcoming Shopper Worth Index (CPI) reviews that would have a major affect on Federal Reserve rate of interest expectations.
The market now predicts that the Fed will reduce rates of interest 4 occasions this yr. That is the precise reverse of January’s forecast.
Crypto Market faces SEC delays and ETF exits
Within the cryptocurrency sector, the US Securities and Change Fee (SEC) has postponed choices on Spot XRP, SOL, LTC, ADA and Doge ETF functions till Might.
Moreover, the SEC has scheduled a high-risk cryptocurrency roundtable on March 21, indicating that laws will proceed to be scrutinized.
In the meantime, the Bitcoin ETF recorded a internet outflow of $15387 million pushed by the Grayscale Bitcoin Belief (GBTC), which sells 641 BTC. The information means that buyers are cautious amidst macroeconomic uncertainties.
*This isn’t funding recommendation.
