FameEX Morning Crypto News Recap | March 24, 2025
2025-03-24 02:02:30Key U.S. Macroeconomic Data to Be Released This Week, Including GDP and Jobless Claims
March 25, 21:05 – New York Fed President John Williams will deliver opening remarks at a scheduled event.
March 27, 01:10 – St. Louis Fed President Alberto Moussallem is slated to speak.
March 27, 20:30 – U.S. initial jobless claims for the week ending March 22 are expected to reach 225,000, up slightly from 223,000 the previous week.
March 27, 20:30 – The final estimate for Q4 U.S. real GDP growth (annualized) is projected to remain at 2.3%.
March 28, 20:30 – The February core PCE price index (YoY), a key inflation gauge, is forecast to rise to 2.7%, compared to 2.6% previously.
March 28, 22:00 – The final March reading of the University of Michigan Consumer Sentiment Index is expected at 57.9, unchanged from the earlier figure.
For the First Time, IMF Adds Crypto to Global Economic Framework
On March 20, the IMF published the seventh Balance of Payments Manual (BPM7), officially incorporating cryptocurrencies into its global economic reporting framework for the first time.
Over 250,000 Bitcoin Added by Long-Term Holders in the Past Two Months
Glassnode reports that long-term Bitcoin holders accumulated over 250,000 BTC in less than two months, increasing their total holdings from 13.1 million on February 11 to over 13.3 million by March 22.
Crypto Market May See Boost of Tariff Dispute Settled in Early April, Analyst Says
Nansen analyst Nicolai Sondergaard noted that global tariff concerns are weighing on the crypto market, despite recent positive developments. He believes risk assets may remain without clear direction until these issues are resolved, potentially between April 2 and July, with a resolution likely serving as a positive catalyst for crypto.
Michael Saylor Shares New Update on Bitcoin Tracker
MicroStrategy founder Michael Saylor posted a new Bitcoin Tracker update on X. As usual, the company tends to reveal its Bitcoin purchases one day after related news breaks.
Trader: Market Enters Fifth Phase Characterized by Low Volatility
Trader Eugene says the market is now in a fifth phase, featuring long position losses, price consolidation, and reduced volume and volatility. Though its length is unclear, limited structural damage suggests it may be brief. The crypto market is also likely to keep following broader stock market trends during this phase.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.