Crypto Daybook Americas: Bitcoin Reserve Fails to Rouse Btc Bulls As Jobs Data Looms

Was it worth the wait? President Donald Trump Finally Delivered on His Electral Promise On Thursday, Signing An Executive Order to Establish The Strategic Bitcoin Reserve and Us Digital Asset Stockpile.

You’d Expert Bitcoin (BTC) Bulls to Rejoice, But The Price of the Largest Cryptocurrency Has Dropped More than 2% Since the News Broke. The reaction is eerily similear to some the Sec Approved Bitcoin Exchange-Traded Funds (ETFS) Last January. BTC Initially Fell 20% Over The Following Two Weeks. Still, The Bulls May Be Back. The Price Rallied to An All-Time High WitHin A Couple of MONTHS AFTER The ETFS GOT The Green Light.

Dubbed the “Digital Fort Knox,” Trump’s Initiative Provides A Structured Framework for Bitcoin Accuumulation. One of the Key Takeaways from the Order is that secretaries of Treasury and commerce are authorized to develop budget-neutral strategies for accounting more bitco. TaxPayers.

This Could Be Achieved Through Various Means, Including Selling US Gold Reserves, Liquidating Other Seized by the Government CrypTocurrencies or Issuing Bitcoin. introduced by Publicly Traded Bitcoin Companies.

There’s More News Coming Later Too, Specifically Jobs Data. Non-Farm Payrols Are Estimated to have increasted by 160,000, and the UNEMPLOYMENT RATE IS Seen Holding at 4%.

Meanwhile, Broader Macroeconomic Uncertainty Perses, Including Tariff-Related Conceerns, Rising Global Bond YIELDS, A Strenguling Yen and A Weakening Dollar. Stay Alert!

What to Watch

• Crypto:
  • March 7, 1:30 PM: President Trump Will Host The Inaugural White House Crypto Summit. Atklude “Prominent Founders, CEOS, AND INVESTORS from the Crypto Industry.”
  • March 11: The Bitcoin Policy Institute and Us Senator cynthia lummis co-host the invitation-only, one-day “Bitcoin for America” ​​In Washington.
  • March 12: Hemi, an L2 Blockchain That Operates On Both Bitcoin and Ethereum, HAS ITS MAINNET LAUNCH.
  • March 14: Pi Network (Pi) Transitions from Enclosed Mainnet to Open Mainnet.
  • March 15: Athene Network (ATH) Mainnet Launch.
  • March 16, 6:00 PM: CME Group’s Solana (Sol) Futures Start Trading.
• Macro
  • March 7, 7:00 AM: Mexico’s Instituto Nacional de Estadítica Y Geografía (Inegi) Release FBruary Consumer Price Inflation Data.
    • Core Inflation Rate Mom 0.46% Vs. Prev. 0.41%
    • Core Inflation Rate Yoy Est. 3.62% Vs. Prev. 3.66%
    • Inflation Rate Mom Est. 0.27% Vs. Prev. 0.29%
    • Inflation Rate Yoy Est. 3.77% Vs. Prev. 3.59%
  • March 7, 8:30 AM: Statistics Canada Releases February Employment Data.
    • UNEMPLYMENT RATE EST. 6.7% Vs. Prev. 6.6%
    • Employment Change Est. 20k Vs. Prev. 76k
  • March 7, 8:30 AM: The US Labor Bureau of Statistics (LBS) Releases February Employment Data.
    • Nonfarm Payrolls Est. 160k Vs. Prev. 143k
    • UNEMPLYMENT RATE EST. 4% vs. Prev. 4%
  • March 7, 12:30 PM: Fed Chair Jerome Powell Will Deliver a Speech on Economic Outlook at the 2025 US Monetary Policy Forum in New York. LIVESTREAM LINK.
  • March 8, 8:30 PM: The National Bureau of Statistics of China Releases Consumer Price Inflation Data (CPI) and Producer Price Inflation Data (PPI).
    • Inflation Rate Mom Est. -0.1% Vs. Prev. 0.7%
    • Inflation Rate Yoy Est. -0.5% Vs. Prev. 0.5%
    • Ppi yoy est. -21.% Vs. Prev. -2.3%
• Earnings (Estimates Based On Factor Data)
  • March 17 (TBC): Bit Digital (BTBT), $ -0.05
  • March 18 (TBC): Terawulf (Wulf), $ -0.04
  • March 24 (TBC): Galaxy Digital Holdings (TSE: GLXY), C $ 0.39

TKEN EVENTS

• Governance Votes & Calls
  • GMX Dao Is Voting on the Decentralization and Automation of the Fee Distribution Process for the GMX EcoSystem to Enseure “Real-Time, Trustless, and Verifiable FEE ALLOCATIONS.”
  • Sandbox Dao Is Discussing Establishing the Sandbox Dao Grants Program to More Efficient Distribute Funding To Projects.
  • Balaner Dao is voteing on the deployment of Balaner V3 on the avalanche Network.
  • Kusama Dao is voteing on Approving the Web3 Foundation to Allocate 10 Million Dot to Kusama.
  • March 7, 10 Am: Maple Two Host An X Spaces WHERE An “Exciting Announcement” will be revealed.
  • March 7, 10 AM: Tezos to Hold a Town Hall Meeting on Protocol Upgrades and ITS LATEST DELEPMENTS.
  • March 7, 12 PM: Avalanche to Host A Deep Dive Into The Expancing of Avalanche and Its Defi EcoSystem.
  • March 13, 11 AM: Mantra to Host A Community Connect Call with Its CEO and CO-FOUNDER to Discusses Various Major Updates.
• Unlocks
  • March 9: Movement (Move) to Unlock 2.08% Of ITS Circulating Supple Worth $ 25.62 Million.
  • March 12: Aptos (Apt) to Unlock 1.93% of Circulating Supple Worth $ 70.12 Million.
  • March 15: Starknet (Strk) To Unlock 2.33% of It Circulating Supple Worth $ 11.99 Million.
  • March 15: SEI (SEI) TO UNLOCK 1.19% OF ITS Circulating Supple Worth $ 12.73 Million.
  • March 16: Arbitrum (Arb) to Unlock 2.1% Of ITS Circulating Supple Worth $ 37.74 Million.
  • March 18: Fasttoken (FTN) to Unlock 4.66% Of ITS Circulating Supple Worth $ 80 Million.
• Token Listings
  • March 7: Story (IP) to Be Listed on BTSE
  • March 7: Mint Blockchain (Mint) to be Listed on Bitmart, Bingx, Gate.io, Coinw, Mexc and Bitget.

Conferences

• Coindesk’s Consensus is Taking Place in Toronto on May 14-16. Use Code Daybook and SAVE 15% ON PASSES.
• Day 4 of 4: Fin/Sum 2025 (Tokyo)
• March 8: Bitcoin Alive (Sydney)
• March 10-11: Moneylive Summit (London)
• March 13-14: Web3 Amsterdam ’25
• March 19-20: Next Block Expo (Warsaw)
• March 25-27: Mining Disrupt (Fort Lauderdale, Fla.)
• March 26: DC Blockchain Summit 2025 (Washington)
• March 27: Building Blocks (Tel AVIV, ISRAEL)
• March 28: Solana Apex (Cape Town)

Token TalkBy shaurya malwa

• Someone Baited X’s AI Bot Grok Into Posting About A HyPothatic Grokcoin, Spurring The Creation of Several Grok Tokens on Solana and Other Blockchains.
• “AS GROK, I’D Suggest ‘Grokcoin’ For A Menecoin Name -Playful, Tied to My Ai Identity, and Catchy for Crypto Enthusiasts would name a memecoin.
• One of the Grok Tokens Zoomed to A $ 27 Million Market Capitalization with $ 116 Million in Trading Volumes Over Five Hours, Thought It Has Since RetraCted to an $ 11 Million Capitalization.
• While Xai, The Grok Parent Company Founded by Elon Musk in 2023, Focusses On AI to Advance Scientific Discovery and Has No Official Involvement in Cryptocurrency, Posts Grok Often Lead to the Creation of Memocoins that typically do not last beyond a few days.

Derivatives Positioning

• BTC, Eth Perpetual Funding Rates Are Barely Positive As DisappPointment ABOUT ABOUNCE OF A BUYING PLANING FOR THE NEW US Digital Asset Stockpile Restrains The Bullish Sentiment.
• ADA, SOL, SUI Are Seeing Negative Funding Rates, Indicating A Bias for Shorts.
• The Cumulative Volume Delta Indicator Shows that Majoor Tokens, Except Bch and CMR, Have Seen Net Selling in the Past 24 Hours.
• On Deribit, Options Show A Bias for Btc and Eth Puts Out to April Expiry, with A Clear Bias for Calls in June and Subsequent Settlements.

Market Movements:

• BTC is Down 0.49 %% from 4 pm et thursday at $ 89,310.83 (24hrs: -2.42%)
• ETH IS DOWN 0.67% AT $ 2,197.46 (24hrs: -4.39%)
• Coindesk 20 is Down 0.58% AT 2,910.34 (24hrs: -3.22%)
• Ether Cesr Composite Staking Rate Is Unchanged at 3%
• BTC FUNDING RATE IS at -0.0042% (-4.57% Annualized) on Binance

• DXY IS DOWN 0.37% AT 103.68
• GOLD IS UP 0.34% AT $ 2,926.6/OZ
• Silver is up 0.42% AT $ 33.20/Oz
• Nikkei 225 CLOSED -2.17% AT 36,887.17
• Hang Seng Closed -0.57% AT 242,31.30
• Ftse is down 0.56% AT 8,634.41
• Euro Stoxx 50 is Down 1% AT 5.464.99
• Djia Closed On Thursday -0.99% AT 42,579.08
• S&P 500 CLOSED -1.78% AT 5.738.52
• NASDAQ CLOSED -2.61% AT 18,069.26
• S&P/Tsx Composite Index Closed -1.15% AT 24,584.00
• S&P 40 Latin American Closed +0.11% AT 2.344.78
• US 10-YEAR Treasury Rate is Unchanged AT 4.27%
• E-mini S&P 500 Futures Are Up 0.32% AT 5.764.50
• E-mini NASDAQ-100 Futures Are Up 0.47% AT 20,184.50
• E-mini Dow Jones Industrial Average Index Futures Are Up 0.17% AT 42,687.00

Bitcoin Stats:

• BTC Dominance: 61.37 (-0.30%)
• Ethereum to Bitcoin Ratio: 0.02467 (0.73%)
• Hashrate (Seven-Day MOVING AVERAGE): 802 eh/s
• HashPrice (Spot): $ 52.4
• Total Fees: 5.17 BTC / $ 468,726
• CME FUTures Open Interest: 144,815 BTC
• BTC PRICED IN GOLD: 30.4 OZ
• BTC VS Gold Market Cap: 8.64%

Technical AnalysisEther’s Daily Chart. (TradingView/Coindesk)

• Ether, Locked in A Downward Trender Channel, Is Probing The Support Zone from August-September Last Year.
• A Midnight UTC Close Under $ 2,100 Wuld Confirm a Breakdown, Potentally Opening Doors to October 2023 Lows Near $ 1,500.

Crypto equities

• Strategy (Mstr): Closed On Thursday at $ 304.11 (-1.44%), Down 1.27% AT $ 300.25 In Pre-Market
• Coinbase Global (Coin): CLOSED AT $ 214.17 (-3.72%), Up 0.68% AT $ 215.62
• Galaxy Digital Holdings (GLXY): CLOSED AT C $ 18.82 (-7.47%)
• Mara Holdings (Mara): CLOSED AT $ 15.09 (-0.2%), Down 1.66% AT $ 14.84
• Riot Platforms (Riot): CLOSED AT $ 8.11 (-8.67%), Unchanged In Pre-Market
• Core Scientific (Corz): CLOSED AT $ 7.85 (-18.23%), UP 2.42% AT $ 8.04
• Cleanspark (CLSK): CLOSED AT $ 8.15 (-4.68%), Down 0.37% AT $ 8.12
• Coinshares Valkyrie Bitcoin Mines ETF (WGMI): Closed AT $ 15.8 (-8.14%), UP 1.27% AT $ 16.00
• Semler Scientific (SMLR): CLOSED AT $ 36.1 (-5.92%), Down 0.69% AT $ 35.85
• Exodus Movement (Exod): Closed At $ 29.30 (+1%), UnCCAGED IN PRO-Market

ETF FlowsSPOT BTC ETFS:

• Daily Net Flow: -$ 134.3 Million
• Cumulative Net Flows: $ 36.62 Billion
• Total BTC Holdings ~ 1,129 Million.

Spot eth etfs

• Daily Net Flow: -$ 10 Million
• Cumulative Net Flows: $ 2.75 Billion
• Total Eth Holdings ~ 3.605 Million.

Source: Farside Investors

Overnight FlowsChart of the dayBTC Annualized Futures Basis on the Cme. (Velo)

• Annualized Basis in CME’s Bitcoin Futures have slightly recovered to 9% from 4% Last Month, But Remains Below The December High of 21.55%.
• In Other Words, Positioning Remains Light, Showing Signs of Caution Among Institctional Traders.

While You Were Sleeping

• Market Experts Weigh in on Trump’s Strategic Bitcoin Reserve (Coindesk): President Trump’s Thursday Execut Ive Order Drew Mixed Reactions, With Many Observers Viewing It as Long-Term Bullish for Bitcoin and Some Dismissing It As Largely Symbolic.
• Us Stocks Give Up Post-Trump Election Advance Whitcoin Claings to Gain (Coindesk): Bitcoin Is Holding Onto Gains Since November’s US Presidential Election, While The S & P 500 Negative territory.
• Coinbase Acquires Iron Fish Team to Boost Privacy on Base (Coindesk): The Nasdaq-Listed Crypto Exchange Says the Acquision Announted Thursdaysday-Will Brting Ethereum-Based Layer 2 Blockchain.
• ‘ITKE A WHIPSWAW’: DONALD TRUMP’S TARIFF U-TURNS UNNERVE BUSINESSES AND INVESTORS (FINANCAL TIMES) Trade Partners, As Well As Bringing Turmoil to the Equities Markets.
• Eu Leaders Agree on Defense Surge, Support Zelensky After US Aid Freeze (Reuters) Responsability for It Own Security.
• China Calls for ‘peaceful coexistence’ with the us despite differentCes (CNBC): China’s Foreign Minister Criticized Us Tariffs, Called for PEACEFUL COOXISTICS Ukraine and Emphasized Strengthaning Relations with Non-Western Countries.

In the Ether