Bitget UEX Daily Report | US to Impose 15% Global Tariffs This Week; Trump Nominates Walsh as Fed Chair; BlackRock Continues Buying Bitcoin
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Bitget UEX Daily Report | US to Impose 15% Global Tariffs This Week; Trump Nominates Walsh as Fed Chair; BlackRock Continues Buying Bitcoin
Overall, geopolitical risks dominate in the short term, but economic resilience supports market recovery.
Navigating Web3 tides with focused insightsAuthor: Bitget
I. Top News Highlights
Federal Reserve Updates
Trump Officially Nominates Kevin Warsh to Succeed Powell as Fed Chair
- The White House has submitted the nomination to the Senate; if confirmed, Warsh would steer monetary policy toward a new direction.
- Key points: Warsh previously served as a Fed governor and emphasized economic resilience; the Beige Book indicates modest growth expectations across most districts, though consumer spending remains divergent.
- Market impact: The nomination heightens policy uncertainty, potentially boosting short-term USD volatility—but may reinforce long-term easing expectations.
Global Commodities
Iran Prepares for Prolonged Conflict; U.S.-Iran Tensions May Last Weeks
- Iran has launched an emergency economic plan to secure supply chains; the U.S. Defense Secretary estimates the conflict will last at least eight weeks, with over 2,000 targets already struck by U.S. forces.
- Key points: Iran denies willingness to negotiate; the U.S. is offering insurance coverage for vessels in the Persian Gulf; NATO condemned Iran’s attacks but did not invoke collective defense provisions.
- Market impact: Geopolitical risk elevates oil price volatility; concerns over crude supply disruptions intensify—though insurance measures may mitigate transport-related shocks.
Macroeconomic Policy
U.S. to Impose 15% Global Tariffs This Week; Putin Considers Cutting Off Natural Gas Supply to Europe
- The U.S. Treasury Secretary stated tariffs will return to normal levels by May; Putin indicated Russia will pivot to emerging markets amid EU sanctions.
- Key points: The Fed’s Beige Book expresses optimistic economic outlooks.
- Market impact: Tariffs exacerbate trade tensions; energy supply shifts may push up global natural gas prices, affecting inflation trajectories.
II. Market Recap
Commodities & FX Performance
- Spot Gold: Closed at $5,172.50/oz, +0.74% — two-day consecutive rebound.
- Spot Silver: Closed at $84.25/oz, +0.89% — key feature: rising volatility, supported by safe-haven demand.
- WTI Crude: Closed at $76.01/bbl, +1.88% — driver: escalating Middle East conflict and heightened supply disruption concerns.
- Brent Crude: Closed at $82.12/bbl, +0.88% — driver: Iran’s preparations for prolonged war intensify geopolitical risk.
- U.S. Dollar Index: Closed at 98.78, −0.24% — driver: robust labor data provides support, but easing inflation pressures weaken rate hike expectations.
Cryptocurrency Performance
- BTC: +6.87% over 24 hours — recent trend: reclaimed $73,000 level, rebound fueled by safe-haven sentiment.
- ETH: +7.56% over 24 hours — key feature: strong correlation with broader market strength, bolstered by institutional inflows.
- Total Crypto Market Cap: +5.5% over 24 hours, now exceeding $2.54 trillion — driver: Trump’s advocacy for crypto legislation and improved market sentiment.
- Liquidations: $592 million liquidated in 24 hours — long positions: $113 million; short positions: $479 million.
- Bitget BTC/USDT Liquidation Map: Current price ~$72,739; dense long liquidation zone lies between $70,000–$72,000 — a pullback could trigger cascading long liquidations. Heavy short liquidation pressure exists near $74,000–$75,000 — a breakout may spark a short squeeze.
- BTC Spot Inflows/Outflows: On March 4, BTC spot inflows totaled $5.418 billion, outflows $5.129 billion, net inflow ~$290 million.
U.S. Equity Index Performance
- Dow Jones Industrial Average: +0.49% — recent trend: moderate rebound, moving away from recent lows.
- S&P 500: +0.78% — key feature: strong services-sector data eases inflation concerns.
- Nasdaq Composite: +1.29% — sector drivers: tech stocks lead gains, AI and memory sectors particularly active.
Tech Giants’ Updates
- AMD: Up nearly 6%, benefiting from robust memory demand.
- Micron Technology: Up nearly 6%, driven by surging AI chip orders.
- Amazon: Up nearly 4%, boosted by commitments to power data centers.
- Tesla: Up over 3%, with Musk underscoring AGI potential.
- NVIDIA: Up nearly 2%, investing in OpenAI and countering “bubble” narratives.
- Meta: Up nearly 2%, with positive progress on AI deployment.
- Broadcom: Up over 1%, with quarterly revenue exceeding expectations. Core driver of overall gains: strong macroeconomic data coupled with easing inflation pressures, driving broad-based tech stock rallies; Apple and Google edged lower due to lingering uncertainty.
Sector Movement Observations
Crypto-Related Stocks rose 10%
- Representative stock: Coinbase, up over 14%.
- Driver: Trump urging Congress to advance crypto legislation; CFTC preparing to implement regulatory framework.
Memory-Related Stocks rose 4%
- Representative stock: Micron Technology, up nearly 6%.
- Driver: TrendForce forecasts QoQ NAND flash revenue growth of 23.8%; AI-driven demand fuels supply shortages.
Lithium Battery Stocks rose 3%
- Representative stock: QuantumScape, up over 7%.
- Driver: EV market recovery and anticipated supply-chain optimization.
III. In-Depth Stock Analysis
1. Broadcom – Q1 Revenue Exceeds Expectations
Event Summary: Broadcom reported Q1 revenue of $19.31 billion, up 29% YoY; AI-related revenue doubled to $8.4 billion, surpassing guidance. Software business grew only 1%. Q2 AI revenue is projected at $10.7 billion (+143% YoY), with total revenue expected to rise 47% to $22 billion. The company announced a share buyback program of up to $10 billion. Market Interpretation: Analysts attribute strong AI demand to upcoming orders from Anthropic and OpenAI next year; Meta’s custom chip development is progressing well, prompting widespread target price upgrades. Investment Insight: As the AI cycle begins, Broadcom’s growth potential remains compelling—suitable for long-term holding.
2. NVIDIA – Jensen Huang Confirms $30 Billion Investment in OpenAI
Event Summary: Jensen Huang stated that the $30 billion investment in OpenAI may represent the final large-scale opportunity; OpenAI plans to go public this year. A prior $100 billion investment cap has been shelved. He refuted AI “bubble” claims, emphasizing tangible returns generated by compute infrastructure. Billionaire Leo KoGuan purchased one million shares in support. Market Interpretation: Institutional view: Industry is at the beginning of its growth phase, with chip shortages persisting through 2027; Morgan Stanley upgraded its target price. Investment Insight: Accelerating AI deployment reinforces NVIDIA’s dominant position—short-term volatility does not undermine long-term prospects.
3. Tesla – Musk Claims Tesla Will Lead in Achieving AGI
Event Summary: Musk stated Tesla will become the leader in Artificial General Intelligence (AGI), potentially deploying it first in humanoid robots to impact the physical world. He highlighted the transformative potential of embodied AGI. Market Interpretation: Analysts believe AGI progress will reshape automotive and robotics businesses, supporting higher long-term valuations. Investment Insight: Technological breakthroughs may drive stock rebounds—monitor product rollout timelines closely.
4. Intel – CFO Forecasts Significant Server CPU Market Growth by 2026
Event Summary: Intel’s CFO noted the server CPU market will expand significantly by 2026, with supply shortages lasting through 2027; factories are operating at full capacity amid robust demand. Market Interpretation: Institutional view: Chip shortages enhance pricing power—target prices were raised—but competitive pressures remain. Investment Insight: Resurgent server demand benefits Intel, though market share shifts warrant caution.
5. Amazon – Robotics Division Layoffs
Event Summary: Amazon cut roles in its robotics division this week—the latest in a streamlining effort begun in late 2022, totaling over 57,000 layoffs. It reaffirmed robotics as a strategic priority and provided severance support. Market Interpretation: Analysts view cost-cutting as necessary, while hiring continues in strategic areas; institutions maintain “Buy” ratings. Investment Insight: Cost optimization boosts profitability; short-term impact is limited.
IV. Cryptocurrency Project Updates
1. Bitcoin broke above $73,000, propelled by safe-haven demand and legislative support from Trump; analysts see sustained upside potential in the rally.
2. Ethereum surged over 7%, backed by strong institutional inflows; Ray Dalio dismissed Bitcoin’s safe-haven narrative and declined to compare it directly with gold.
3. Bloomberg reported that large mining firms holding over $8 billion in Bitcoin are quietly accelerating sales as BTC prices have fallen more than 40% from last October’s highs. Unlike past sales aimed at covering operational costs, these proceeds are being reallocated into AI ventures.
4. Eric Trump’s company added 11,298 new mining rigs, expanding capacity by 3 EH/s; the family continues to champion crypto adoption. Additionally, Eric Trump posted on X stating American Bitcoin’s BTC holdings have surpassed 6,500 coins (an increase of over 500 in the past 21 days), making it the 17th-largest publicly listed Bitcoin treasury globally.
5. Michael Saylor, Founder and Executive Chairman of Strategy, posted on X that Strategy possesses formidable purchasing power—its Bitcoin buying capacity exceeds the amount available for sale in the market.
6. Bitget launched its “Crypto Anti-Bias Pledge,” a cornerstone initiative of its International Women’s Day campaign. The pledge focuses on three core pillars: lowering barriers to education and industry entry, promoting equitable career advancement opportunities, and enforcing a strict zero-tolerance policy against discrimination and harassment in both professional and community settings.
7. According to Lookonchain, stablecoin issuer Circle minted approximately $2 billion in USDC over the past two days.
8. Lookonchain reported BlackRock has been consistently accumulating Bitcoin, with net inflows of 17,642 BTC ($1.28 billion) since February 24. BTC price rose nearly 12% during the same period.
V. Today’s Market Calendar
Data Release Schedule
| 08:30 | U.S. | Initial Jobless Claims | ⭐⭐⭐⭐ |
| 10:00 | U.S. | ISM Services PMI | ⭐⭐⭐⭐⭐ |
| 11:30 | U.S. | 3-Month Treasury Bill Auction | ⭐⭐⭐ |
Key Event Preview
- 21:30 ET: Weekly Initial Jobless Claims release; 03:00 ET: Fed releases Beige Book.
Institutional Views:
Analysts broadly anticipate double-digit global equity market growth in 2026—even with a 35% probability of recession in both the U.S. and globally—citing AI expansion, interest rate cuts, and fiscal stimulus as catalysts for earnings recovery. Precious metals and crude oil are lifted by Middle East tensions; gold and silver prices rebound but volatility rises; the dollar dips modestly as safe-haven flows shift toward crypto—Bitcoin surged 8.6% to $73,000, with institutions affirming the rally’s sustainability. FX markets reflect improving risk appetite, though persistent inflation may constrain room for easing. Overall, geopolitical risk dominates in the near term, yet underlying economic resilience supports market recovery.
Disclaimer: The above content was compiled via AI search and manually verified prior to publication. It does not constitute investment advice.
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