North America Goes Daylight Saving Time, US Stock Market Moves 1 Hour Forward
As of March 9, daylight saving time (DST) began in North America. The trading hours of financial markets in the US and Canada were moved forward by one hour.
WLFI’s Investment Portfolio Losses $110 Million, ETH Suffers Biggest Loss
According to Ember’s data, WLFI’s investment portfolio suffered a volatile loss of $110 million. The value of 9 tokens purchased for $336 million has now dropped to $226 million.
- ETH suffered the biggest loss (down 37%). Purchased at an average of $3,240, ETH is now at around $2,000, with a loss of $80.85 million.
- TRX was the asset with the smallest loss (down 5%).
El Salvador Increases Bitcoin Holdings by 5 BTC
On-chain data shows that the government of El Salvador purchased another 5 BTC, bringing its total holdings to 6,111 BTC. With the latest purchase, the government’s total Bitcoin value reached $492.5 million.
Crypto Fear and Greed Index Drops to 20 (Extreme Fear)
Today, the Crypto Fear and Greed Index dropped to 20 from yesterday’s level of 27, signaling the extreme level of fear in the market.
Bitcoin and Ethereum Spot ETFs See Massive Outflows
A total of $799 million outflows from Bitcoin spot ETFs during the week of March 3-7.
- Bitcoin spot ETF outflow on March 7: $409.21 million
- Fidelity FBTC ETF exit: $201 million
- Ethereum spot ETF exit: $120 million
- On March 7, Ethereum spot ETF exit: $23.1 million
US Commerce Secretary: No Recession Risk, Tariff Strategy Will Bring $1.3 Trillion Investment
US Commerce Secretary Howard Lutnick dismissed the risk of an economic recession and said the Trump administration’s tariff strategy would attract $1.3 trillion in investment.
Michael Saylor Hints that Bitcoin Could Be a Buying Opportunity at the Bottom
Michael Saylor, founder of MicroStrategy, used the phrase “If you have more than one chair, this is your chance” in his social media post, implying that Bitcoin’s current levels offer a buying opportunity.
Spanish Banking Giant BBVA Launches Bitcoin and Ethereum Trading
Spanish bank BBVA announced that it has received approval from the country’s securities regulator to offer Bitcoin and Ethereum trading in Spain.
by Darkex Research – 1 min read
