The global crypto market cap is currently $2.83tn.
The US Bureau of Economic Analysis reported that the US GDP expanded at an annual rate of 2.4% in Q4, above the market expectation and the previous estimate of 2.3%.
Sentiment has been hit by US President Donald Trump announcing he will impose 25% tariffs on all foreign-made cars and light trucks, effective April 2, causing US stocks to drop in reaction to the news. Mexico’s president says “we are going to give an integral response to tariffs after April 2nd.” US auto imports currently amount to roughtly $275 billion, or around 0.9% of US GDP.
In the past 24 hours, crypto liquidations came in at $265m, with 76% of them long positions.
According to data from Farside Investors, US BTC spot ETFs recorded a daily net inflow of $89.6m on Mar 26, with IBIT recording net inflows of $107.9m and BITB recording net outflows of $18.3m. Meanwhile, ETH ETFs recorded the 15th consecutive day of net outflows, with FETH recording $1m in outflows and Grayscale's ETH recording $4.9m in outflows, amounting to a total of $5.9m.
Intercontinental Exchange Inc., parent of the New York Stock Exchange, is joining with Circle to explore the use of the crypto firm’s USDC stablecoin, as well as tokenized money market fund and develop new products.
The yield on Japan's benchmark government bond briefly rose to 1.59 percent, the highest level since October 2008.
Vitalik Buterin has transferred 250 ETH worth around $505,000 to privacy protocol Railgun, which is a smart contract that adds privacy protection to cryptocurrency transactions.
On March 27, South Korea’s Ethics Commission revealed that over 20% of high-ranking public officials (411 out of the 2,047) hold $9.8 million worth of crypto assets following new disclosure laws mandating transparency.
BitPanda, a regulated European crypto platform, secured a license from Dubai’s Virtual Assets Regulatory Authority, enabling it to serve retail and institutional investors in the MENA region and expand into the UAE.
Tether’s user base has now exceeded 400m, growing by 50m since October 2024, CEO Paolo Ardoino announced in a March 27 post on X.
