Market Update - Friday, March 13

Oil prices continue to rise while U.S. stocks decline. Bitcoin has shown strong recovery, briefly surpassing $72,000.

Latest developments in the conflict:
- Iran's Supreme Leader Mujtaba stated that the country will not abandon its quest for revenge, and the Strait of Hormuz will remain blocked.
- U.S. Treasury Secretary Bessent announced that the U.S. Navy will escort vessels through the Strait of Hormuz as soon as possible.

At 7:30 PM today, the U.S. will release January PCE inflation data:
- PCE Year-over-Year (Forecast = 2.8%; Previous = 2.9%)
- Core PCE Year-over-Year (Forecast = 3%; Previous = 3%)

ETF Spot Update for March 12:
- Bitcoin (BTC) up $7.7 million
- Ethereum (ETH) up $53.7 million
- Solana (SOL) up $3.9 million

The U.S. has launched a new trade investigation involving 16 major trading partners (Mexico, China, EU, Vietnam, etc.) to increase tariff pressure.

BlackRock has officially launched an Ethereum ETF with staking (ETHB), recording $15.5 million in trading volume on its first day.

A user attempted to swap 50.43 million USDT for AAVE via CoWSwap but received only 324 AAVE due to slippage exceeding 99%.

The TRUMP memecoin will host a crypto and business conference on April 25 at Mar-a-Lago, with TOP297 holders eligible to attend.
$BTC