FameEX Morning Crypto News Recap | March 12, 2025

Trump Imposes Extra 25% Tariffs on Canadian Steel and Aluminum

Trump announced on social media a 25% tariff hike on Canadian steel and aluminum, raising the total to 50%. The new tariffs will take effect on March 12.

First Inflation Report Under Trump Set for Release; Cooling Inflation Could Lift Crypto Market

The U.S. Bureau of Labor Statistics will release the first Consumer Price Index (CPI) report under President Trump on Wednesday. Markets anticipate a slight drop in overall inflation from 3% to 2.9% and core inflation from 3.3% to 3.2%. A continued slowdown could strengthen expectations for a potential interest rate cut by the Federal Reserve.

U.S. House Votes to Overturn IRS DeFi Broker Regulations

On March 12, the U.S. House of Representatives passed a bill repealing the IRS DeFi broker rules, with a 292–132 vote. The bill exempts decentralized crypto exchanges from reporting sales proceeds and transaction dates.

Bitcoin Price Decline Triggers Rising Miner Sell-Off

CryptoQuant analysts report that falling Bitcoin prices are prompting increased selling by miners, who face financial pressure and must sell to cover operating costs. This trend may impact market liquidity, as miners historically offload more BTC during price declines to maintain operations.

Standard Chartered Predicts Two Fed Rate Cuts; Yen Poised to Outperform

Steven Englander of Standard Chartered believes market fears of a U.S. recession are overstated despite slowing growth. He predicts the Federal Reserve will cut rates twice this year, while expecting the Bank of Japan to raise interest rates twice.

Traders Advise Refining Entry Strategies Amid Market Volatility

Trader Eugene advised against blindly chasing long positions in the current market. He emphasized prioritizing optimal entry points over increasing position size, suggesting it's safer to hold a well-timed 20% position than to overcommit. Strategic entries, not heavy positions, are key in this market environment.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.