Family, big news has come out today that will shake the markets globally and test the security of Crypto! Here are the highlights of the day:
🌐 International Politics and Macro-Economy
👉 President Trump expressed his willingness to end the war with Iran. They will make a public statement on Wednesday night. On the other hand, the UAE is preparing to join forces with the US to forcefully open the Gulf of Hormuz.
👉 With the Iran war nearing a halt, the US stock market $SPY rose 2.5% to gain $1.4 trillion. But the UBS CEO advised investors to hold cash.
👉 Crude oil (Brent Crude Oil) showed a 60% price increase in March alone, marking the biggest monthly growth since 1988!
👉 Gold, on the other hand, dropped 15% in March, showing the worst loss since the 2008 financial crisis. However, Goldman Sachs says the price of gold will enter $5,400 by the end of 2026.
🚀 Crypto, Law and Wales Movement
👉 David Bailey's company Nakamoto Inc sold 284 $BTC worth 20 million dollars! The average price he bought was $118,000, but he sold it at $70,000, making a 40% loss!$BTC $