Daily Market Dispatch – Mar 05, 2025. For informational purposes only. not financial or investment advice. Overview.
05 Mar 2025, 13:09
Daily Market Dispatch – Mar 05, 2025
For informational purposes only; not financial or investment advice.
Overview
A broader shift in market sentiment helped Wednesday’s crypto markets stage a rebound, with the Fear & Greed Index stabilizing toward neutral and leading cryptocurrencies (BTC, ETH, XRP, SOL) gaining between 5% and 8%. This overall optimism comes as investors digest potential easing in tariff policies following President Trump’s recent address to Congress. Bitcoin rebounded as dip buyers pushed its price from around $83,000 to above $88,000. XRP also made notable gains, surging to $2.50, while Ethereum’s performance was buoyed by positive progress on its highly anticipated Pectra upgrade and a turn-around to inflows in ETHETFs.
Regulatory, Macro & Broader Asset Landscape
The U.S. tariffs – a 20% duty on Chinese goods and 25% tariffs on imports from Canada and Mexico – weighed in on markets on Tuesday as they came into effect, leading to declines in crypto and equities, and unnerving investors. However, long-term optimism won over short-term unease after U.S. Commerce Secretary Howard Lutnick indicated that a deal to reduce tariffs on Canada and Mexico could be announced as early as Wednesday. Lutnick hinted that President Trump might be open to meeting the trading partners "in the middle," a prospect that appears to have contributed to Wednesday’s uptick.
Amid this backdrop, questions remain – especially regarding the Trump administration’s plans for a national Crypto Reserve that would include Bitcoin, Ether, and three other major cryptos. Any concrete action could be a major catalyst for the crypto market, shaping investor sentiment and driving momentum through clearer regulations and potential government-backed adoption.
On the macroeconomic front, key releases scheduled for Wednesday – namely, the ADP Nonfarm Employment Change and the S&P Global Services PMI for February – are being closely watched as early indicators of what might come next. These data points are expected to offer further insights into economic moderation in line with the Fed’s desired soft landing, while also providing signals on whether interest rate cuts might be expected in 2025 – a growing possibility as President Trump has repeatedly stressed his determination to bring interest rates down.
Institutional Signals
Institutional activity helps counter short-term volatility. ETF flows reflect shifting sentiment: on March 4, Bitcoin Spot ETFs saw a net outflow of $144 million – almost twice that of the previous day – while Ethereum Spot ETFs reversed an eight-day outflow with a net inflow of $15 million. XRP’s robust performance, which has helped boost its market cap, further illustrates the balance between speculative trading and long-term positioning.
Looking Ahead
Market participants now face a delicate balancing act. On one side, trade policy uncertainty keeps sentiment guarded, while on the other, easing Treasury yields and the increased likelihood of Fed rate cuts suggest a potential turnaround. As traders adjust to these evolving conditions, the current consolidation phase could pave the way for a broader rebound across both crypto and traditional asset classes.
In the digital assets sector, Ethereum’s highly anticipated Pectra upgrade emerges as a key development in anticipation. After a successful deployment on the Sepolia test network – following a setback on the Holesky testnet – developers are set to convene on March 6 to discuss the mainnet release timeline. With the upgrade promising enhancements in staking, wallet functionality, and overall network efficiency, its successful implementation may serve as a catalyst for renewed altcoin momentum.
Iliya Kalchev, Nexo Dispatch analyst
Same news in other sources
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05 Mar 2025, 13:33
telegram news 05 March 2025 13:33
https://x.com/SmarDex/status/1897279309066461689
05 Mar 2025, 13:32
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05 Mar 2025, 13:23
🕵️♂️ #HYPE Whale contributed 2.6M USDC to Hyperliquid and started buying HYPE. He currently has 343,264 HYPE (~$6M).
#HYPE Whale contributed 2. 6M USDC to Hyperliquid and started buying HYPE. He currently has 343,264 HYPE (~$6M).
🕵️♂️ #HYPE Whale contributed 2.6M USDC to Hyperliquid and started buying HYPE. He currently has 343,264 HYPE (~$6M).
05 Mar 2025, 13:21
Another month of active developments has come to an end. Here are the developments that happened on the blockchain in February 2025 👇
Another month of active developments has come to an end.
Another month of active developments has come to an end. Here are the developments that happened on the blockchain in February 2025 👇
05 Mar 2025, 13:21
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05 Mar 2025, 13:19
6 important announcements from GMX in February that you may have missed:
1️⃣ Depth Charts are now available on GMX
2️⃣ GMX-Solana: Mainnet Beta is live
3️⃣ New conditional order type introduced: Stop Market
4️⃣ GMX Development Update
5️⃣ GMX Blueberry Club launches the GMX Pass, gamifying liquidity provision and boosting rewards
6️⃣ New markets created: SONIC, BERA, LDO, CAKE, AIXBT, FET, ONDO, VIRTUAL, and PENGU on Arbitrum, plus TRUMP and MELANIA on Avax
Learn more on X:
6 important announcements from GMX in February that you may have missed:. Depth Charts are now available on GMX.
6 important announcements from GMX in February that you may have missed:
1️⃣ Depth Charts are now available on GMX
2️⃣ GMX-Solana: Mainnet Beta is live
3️⃣ New conditional order type introduced: Stop Market
4️⃣ GMX Development Update
5️⃣ GMX Blueberry Club launches the GMX Pass, gamifying liquidity provision and boosting rewards
6️⃣ New markets created: SONIC, BERA, LDO, CAKE, AIXBT, FET, ONDO, VIRTUAL, and PENGU on Arbitrum, plus TRUMP and MELANIA on Avax
Learn more on X: https://fxtwitter.com/GMX_IO/status/1897274893122556261
05 Mar 2025, 13:11
Why are Virtual Chains taking off?
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Source
⚫️ Aurora Twitter | Blog | Youtube | Discord | Telegram | Developer Portal ⚫️
Why are Virtual Chains taking off. • Free instant deployment. • NEAR Intents for built-in liquidity & intuitive UX.
Why are Virtual Chains taking off?
• Free instant deployment
• NEAR Intents for built-in liquidity & intuitive UX
• Solidity-compatible: Build on NEAR with ease
• Hands-on GTM support to scale fast
Watch the video to get more info about the impact of Virtual Chains on the NEAR Protocol ecosystem.
Source
⚫️ Aurora Twitter | Blog | Youtube | Discord | Telegram | Developer Portal ⚫️
05 Mar 2025, 13:10
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05 Mar 2025, 13:09
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