Streetbeat News

Economic Data

BTCUSD

Bitcoin is testing the critical $84,000 support level following the release of US personal consumer expenditure (PCE) index data that exceeded analysts' expectations. The cryptocurrency market is experiencing volatility, with bitcoin ETFs showing steady inflows for 10 consecutive days, while analysts warn of potential downside risks if the support level is breached.

Portfolio Pulse from

March 28, 2025 | 8:45 pm

AAPL

AMZN

MSFT

The Federal Reserve's preferred inflation metric, the core PCE index, remained at 2.8% in February, higher than economists' expectations. This persistent inflation suggests delayed interest rate cuts and potential economic challenges. The stock market reacted negatively, with the Dow dropping 715 points and major tech stocks experiencing significant declines.

Portfolio Pulse from

March 28, 2025 | 8:30 pm

BTCUSD

Bitcoin's price remains volatile, trading at $87,526 with a 2.7% weekly gain. Short-term holders are experiencing unrealized losses of 4%, while whales have accumulated $11 billion worth of Bitcoin in the last 14 days. Institutional investors have also reversed five weeks of losses with $700 million in inflows.

Portfolio Pulse from

March 28, 2025 | 8:15 pm

GE

GE Aerospace experienced a stock decline despite a bullish Bernstein analyst report that raised the price target from $232 to $250. The drop was primarily attributed to broader market concerns over higher-than-expected inflation data, which triggered a significant sell-off across markets.

Portfolio Pulse from

March 28, 2025 | 8:00 pm

GOOG

META

NFLX

Alphabet, Meta Platforms, and Netflix experienced significant stock price drops due to disappointing economic indicators, including higher-than-expected inflation and declining consumer sentiment. The market fears potential advertising budget reductions and economic slowdown, which could impact these companies' digital advertising revenues.

Portfolio Pulse from

March 28, 2025 | 7:45 pm

ETHUSD

Ethereum (ETH) is experiencing significant market challenges, including a 9.3% price drop, low futures premium, and reduced investor confidence. The cryptocurrency faces competition from emerging blockchain networks and potential network activity decline. The upcoming Pectra upgrade might provide some hope, but current market indicators suggest continued bearish momentum.

Portfolio Pulse from

March 28, 2025 | 7:30 pm

UNG

USO

The oil markets are experiencing a technical retreat with WTI and Brent oil pulling back after recent gains. Natural gas shows potential for a rebound, with traders watching key resistance and support levels. Market sentiment is influenced by profit-taking and potential tariff-related pressures.

Portfolio Pulse from

March 28, 2025 | 6:45 pm

AAAU

BofA Securities' research head Jared Woodard discusses current market dynamics, highlighting significant gold price increases and potential economic implications. The expert suggests rising gold prices might indicate broader market concerns about consumer spending and economic stability.

Portfolio Pulse from

March 28, 2025 | 6:45 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies experienced significant losses due to weak economic data, including rising PCE price index and declining consumer sentiment. The market is showing vulnerability to macroeconomic conditions, with Bitcoin, Ethereum, and Dogecoin all experiencing substantial drops.

Portfolio Pulse from

March 28, 2025 | 6:45 pm