March 7 Market Note


#Bitcoin dipped to ~$67,800–$68,200 (down 3-4%), with $ETH below $2,000 and altcoins following in risk-off selloff amid mixed U.S. jobs data, ETF outflows, and derivatives deleveraging. $SOL at $82-$85 following the broader market trend.
Iran de-escalation signals emerged (halting attacks on neighbors unless provoked), with Trump calling it "surrender" and U.S. seizing Iranian oil assets, easing war premium, pulling oil back after 10-15%+ spikes on Strait of Hormuz disruptions, and reducing immediate inflation fears.
Long-term supports held via Kazakhstan (home of one of the #solana economic zones) eyeing $350M crypto reserves, stablecoin volumes hitting $1.8T records (USDC overtaking Tether), tokenized Euros surpassing $1B, and Florida advancing stablecoin rules—offsetting extreme fear sentiment while geopolitics shifted toward cautious stabilization. 🚀
BTC-0.68%
ETH-1.44%
SOL-1.64%
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ybaservip
· 4h ago
To The Moon 🌕
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