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March 12 Market Dynamics

March 12 Market Dynamics

Bitget2024/03/12 03:17
BTC-0.71%ETH+0.13%CELO-1.37%

I. Macro Trends
BTC has surged significantly, breaking through 70,000 points, and old coins have also rebounded.
U.S. stocks are mixed as the market awaits the release of inflation data.

II. Market Focus
The prices of POW series SYS, LTC, RVN have skyrocketed. There is one month left until BTC halves.
Public chains CELO, AVAX, RUNE, DOT and GLMR all saw significant increases in price with CELO now listed on Kickstarter fundraising platform.
In the L2 series METIS price soared dramatically. Although ETH will undergo a Cancun upgrade on March 13th and most L2s haven't surpassed ETH yet but by May the possibility of an ETH ETF passing has dropped to 30%.
The AI sector is undergoing overall adjustments with Nvidia's U.S stock turning into a downward trend.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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