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Greeks.live|Mar 03, 2025 00:33
Bitcoin Investment Essentials, A Sneak Peek at This Week's Biggest Events (3/3-3/9)
The most notable event this week is the cryptocurrency summit coming up in the U.S. on the 7th of March, where Trump's every move greatly affects the cryptocurrency market.
This week is a big macro week with news affecting the market almost every day. This Friday, in addition to the crypto summit, there are two heavy data, the unemployment rate and non-farm payrolls, which are very noteworthy, and the US is about to switch to daylight saving time, which makes the staring time much more convenient. With Trump's tariff policy on the U.S. and Canada coming into effect on Tuesday and important economic events on other days, events drive rare trading opportunities.
🌟 Heavyweight events this week:
3/3 Monday
💼 US February ISM Manufacturing PMI (23:00)
3/4 Tuesday
💼 Reserve of Australia releases minutes of February monetary policy meeting (8:30)
💼 U.S. 25% tariffs on Canada and Mexico go into effect
💼 US President Trump invited to Congress to deliver his first address in office
3/5 Wednesday
💼 US ADP Employment for February (21:15)
3/6 Thursday
💼 Fed Releases Brown Book on Economic Conditions (3:00)
💼 ECB announces interest rate resolution (21:15)
💼 US Initial Jobless Claims for the Week (21:30)
💼 ECB President Lagarde holds monetary policy press conference (21:45)
3/7 Friday
💼 US unemployment rate for February (21:30)
💼 US non-farm payrolls for February quarterly (21:30)
💼 US President Trump hosts cryptocurrency summit at the White House
📌 Crypto Market Outlook:
Crypto markets rallied sharply over the weekend, with a single tweet from Trump reversing days of low sentiment in the crypto market, and Bitcoin moving back into the 94,000 oscillator zone, the sudden change in the market caught market participants a bit off guard, and market sentiment shifted from very pessimistic to very optimistic.
On the options side, the drastic change in the market has pushed the full term IV to rally, with the current month flat IV having rallied to 55% and the short term IV having spiked to 70%. The uncertainty brought on by this week's drastic change in the market and multiple economic events has kept the IV for the current week at its current higher level, but it's still a very good deal to buy options to participate a bit.
📌 On the crypto rate market, the Bitfinex rate market has been relatively flat lately, and it's worth paying special attention to the Bitfinex rate market when you come across a suitable rate order that can be filled aggressively, especially if there is a ticker.
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