Join Matt and Simon as they discuss the state of the crypto market, highlighting a quiet week on the news front. They analyse the implications of the upcoming Federal Reserve announcement, the potential for the U.S. government to accumulate more Bitcoin, Strategy's new plan to add to its Bitcoin holdings, and more.
Key Takeaways
- While prices rebounded last week, the crypto market is essentially in a holding pattern until further updates about tariffs, especially on April 2. To a lesser extent, the market is also awaiting the Fed’s next policy update on March 19.
- U.S. Senator Cynthia Lummis reintroduced The Bitcoin Act last week. The bill would direct the government to purchase 1 million BTC over five years.
- Strategy, formerly MicroStrategy, announced a $21B stock offering to expand its BTC holdings. This is in addition to the company's previously announced ‘21/21 plan’, which targets a total capital raise of $42B specifically for buying more BTC.
Timestamps:
00:00 Market Overview & Current Sentiment
03:14 Federal Reserve & Economic Indicators
05:45 Bitcoin Act & Government Involvement
08:56 Strategy's Plan For Buying More Bitcoin
12:07 Altcoin Market Trends
14:47 Upcoming Events & Market Predictions
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