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- Coinbase drops 20% in March as key support levels come into focus
Coinbase drops 20% in March as key support levels come into focus
5 articles I'm watching carefully
Tyler Dupont ![]() Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Coinbase drops 20% in March as key support levels come into focus
Coinbase fell 20% in March, now trading near $172. A looming death cross and descending broadening pattern point to bearish pressure. Key support sits at $146 and $115; resistance at $206 and $264. RSI nears oversold, suggesting weak momentum amid low volume.
Tesla Q1 deliveries may hit 2-year low amid Musk backlash
Analysts expect Tesla Q1 deliveries as low as 315K–369K, the weakest since Q3 2022, as U.S. and EU sales slump and backlash to Elon Musk grows. Consensus EPS for Q1 dropped to $0.48, down from $0.74 late last year. Tesla shares are down 34.7% YTD, underperforming the S&P 500.
Fed's Williams signals rate pause amid tariff-driven uncertainty
NY Fed President John Williams said interest rates will likely stay steady 'for some time' as the Fed monitors Trump’s new tariffs. With core PCE at 2.8% and inflation risks rising, he warned indirect effects could take years to assess, emphasizing heightened economic uncertainty.
🪙 Crypto
Crypto-linked assets slide as Trump trade fears outweigh bullish sentiment
Bitcoin is down over 10% and Ether 45% this quarter as recession fears and Trump’s trade wars weigh on markets. Crypto-linked stocks like Coinbase and Riot also sank below pre-election levels. Gold surged, exposing Bitcoin’s struggle to act as an inflation hedge.
🌎 Global Economy
Trump’s ‘Dirty 15’ tariff plan targets top trade partners
Trump will unveil “reciprocal tariffs” targeting countries with high duties on U.S. goods, focusing on the so-called “Dirty 15” — top trading partners with significant trade barriers. The move adds to sweeping tariffs already imposed on autos, metals, and key industries.
