Crypto markets began to slide at the U.S. open as equities turned negative. As of now, $BTC is trading at $81,100 and $ETH is trading at $1,864. Bitcoin dominance stands at 61.68%.
On the macro front, February PPI rose 0.5% month-over-month, coming in below expectations, but key PCE components increased, initially lifting bond yields. However, as equities tumbled following Trump’s 200% tariff threat on EU alcohol imports and his reaffirmed stance on reciprocal tariffs, investors moved to safe-haven assets, causing yields to retreat.
A few headlines include: Hyperliquid to introduce a 20% margin requirement for "Margin Transfers," CZ denying rumors of a Trump-Binance deal, and the SEC vs. Ripple case nearing its conclusion as the XRP-ETH comparison takes center stage.
Over the past 24 hours, the top three gainers were $S, $AKT, and $XLM, while the top three losers were $TEL, $IP, and $ENA.
