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1Bitget Daily Digest (March 11)｜Strategy raises $21 billion, possible BTC buy, Tesla stock plunges2Franklin Templeton joins XRP race and VanEck eyes AVAX fund amid altcoin ETF craze3Bitcoin and Crypto About To Be Boosted by Global Money Supply Explosion: Former Goldman Sachs Executive
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Crypto Correction or Buying Opportunity? Analysts Weigh In
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Flash
- 12:15Analyst: EU retaliatory tariffs could potentially cause Bitcoin to pull back to $75,000According to Cointelegraph, the EU's latest retaliatory tariffs have heightened macroeconomic uncertainty, prompting crypto analysts to predict that Bitcoin price volatility will intensify and could break below the key $75,000 support level. The European Commission announced on March 12 that from April onwards, the EU will impose counter-tariffs on US goods worth €26 billion ($28 billion) in response to President Donald Trump's recent imposition of a 25% tariff on imported steel and aluminum. This move is the latest statement of retaliatory tariffs against US import duties and may trigger new trade war concerns and market fluctuations in the short term. Marcin Kazmierczak, co-founder and COO of blockchain oracle solution company RedStone said: "Counter-tariffs are not a positive signal as it indicates that there might be another rebound from the other side. This could cause Bitcoin prices to retest $75,000 from $82,725. However, given that stablecoins and real-world assets (RWA) are still at historical highs, Bitcoin has a chance to bounce back. I don't think this news will have a strong impact for now but we'll observe America's reaction." Other analysts still believe that in the current bull market cycle temporary fallbacks of bitcoin prices below $72,000 are part of "macro adjustments", after which bitcoin will continue its upward trend.
- 12:13The USDC Treasury has destroyed 50 million USDC on the Ethereum chainAccording to Whale Alert monitoring, at 19:26 (UTC+8), the USDC Treasury destroyed 50 million USDC on the Ethereum chain.
- 12:12The currency market predicts that the Federal Reserve will cut interest rates three times by 25 basis points this year, and expectations have become more dovishThe U.S. Bureau of Labor Statistics will release the Consumer Price Index (CPI) report for February at 20:30 tonight. Economists predict that after a significant increase in January, inflation in the United States last month may still be high, which would further prove that the Federal Reserve's progress in curbing prices has stalled. Cooler inflation data could strengthen traders' bets on the Fed cutting interest rates, with the current money market expecting three 25 basis point cuts this year, compared to two fully priced cuts a week ago, market expectations have become more dovish.