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US Stocks Open Lower, Crypto-related Stocks Experience Widespread Declines, Strategy Down 3.6%

2 hours ago

On March 3, per Bitget market data, U.S. stocks opened lower with the following key moves: - Dow Jones dropped 1.72% - S&P 500 fell 1.56% - Nasdaq slid 2.01% Crypto-related U.S. equities broadly declined, with notable performance of major players: - MicroStrategy (MSTR): -3.6% - Coinbase (COIN): -3.49% - Circle (CRCL): -4.69% - MARA Holdings (MARA): -3.66% - Riot Blockchain (RIOT): -6.06% - Bit Digital Immersion (BTBT): -2.5% - SuperBid Entertainment (SBET): -2.57%
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Federal Reserve's Schmied: Substantial Fiscal Stimulus Measures to Be Implemented by 2026

March 4 – Federal Reserve’s Schmiede: Need to prioritize the macroeconomic outlook; aims to bring inflation down to the 2% target; plans to roll out substantial fiscal stimulus in 2026. (Xinhua)

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Bitcoin Breaks $68,000, 24-hour Loss Narrows to 1.74%

Bitcoin broke above $68,000 on March 4, per HTX market data, with its 24-hour decline narrowing to 1.74%.

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The POWER team transfers $29 million in tokens, causing the coin price to drop over 58.6% today

March 3 – According to monitoring data from onchainschool.pro, the POWER team’s wallet address was activated today, transferring $29 million worth of POWER tokens to an intermediate wallet. The team has begun continuous transfers of the tokens to trading platforms, with the process currently ongoing incrementally. Per HTX market data, the POWER token plummeted more than 58.6% today and is now trading at $0.7.

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Kalshi: to Support Trading Rolex Watch Price Fluctuations

March 3: Kalshi, the PredictIt-style prediction market, announced it will add trading on price volatility for luxury watches including Rolex, Omega, Cartier and Tudor.

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The U.S. government address has just sent out 0.0378 BTC, possibly for a test transaction

Data from Arkham shows that as of March 3, a U.S. government cryptocurrency address has just transferred out 0.0378 BTC—valued at approximately $2,520—potentially as a test transaction, with additional transfers expected to follow.

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Spot Gold Breaks Below $5000/Ounce, Hits Fresh Low Since February 20th

On March 3, spot gold dropped below $5,000 per ounce—hitting its lowest level since Feb. 20—according to market data from Bitget, with a daily decline of more than 6%.

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