Speaker 1: Hey, it's Alex with a Token Metrics Daily Pulse from
Speaker 1: March nineteenth, twenty twenty six. Got a lot to cover today,
Speaker 1: and honestly, the vibe in the market right now is well,
Speaker 1: it's a bit of a reality check. Grab your coffee,
Speaker 1: let's get into it first. A quick word from our sponsor. Okay,
Speaker 1: So here's what's happening. So the big headline today is
Speaker 1: a bit of a tug of war. Bitcoin dropped about
Speaker 1: four percent and Ethereum fell over five percent. But then
Speaker 1: out of nowhere, a whale stepped in and bought one
Speaker 1: hundred and eleven million dollars worth of Ethereum in a
Speaker 1: single go. It's it's actually a pretty bold move. This
Speaker 1: same address sold out a year ago and just decided
Speaker 1: today was the day to jump back in with fifty
Speaker 1: thousand tokens. Someone's clearly not scared of this dip. Look,
Speaker 1: the broader numbers aren't exactly pretty. Bitcoin's sitting around seventy
Speaker 1: one thousand, and Ethereum is struggling to hold twenty two
Speaker 1: two hundred. Solana's down to trading near ninety bucks. The
Speaker 1: total market cap shed about one hundred billion dollars today,
Speaker 1: and you know what's wild. Bitcoin dominance is actually taking
Speaker 1: up to over fifty six percent. That tells us that
Speaker 1: while everything is red, the alt coins are getting hit
Speaker 1: way harder than Bitcoin. It's a classic flight to safety,
Speaker 1: or at least the closest thing we have to it
Speaker 1: in crypto. Okay, so what's actually driving this. Here's the thing.
Speaker 1: The Fed held rates steady and basically threw cold water
Speaker 1: on any hopes for a rate cut anytime soon. The
Speaker 1: market was pricing in some optimism and now that's being
Speaker 1: ripped out. Polymarket is showing only a fourteen percent chance
Speaker 1: of a rate cut by June. That's a massive shift
Speaker 1: in expectations. But while everyone's panicking about the macro, there's
Speaker 1: a structural story you might be sleeping on. The SEC
Speaker 1: just approved a pilot for Nasdaq to trade tokenized equities.
Speaker 1: Think about that, real stocks on a blockchain with the
Speaker 1: regulator's blessed. It's the ultimate irony. Right. Meanwhile, we've got
Speaker 1: some heavy supply coming. FTX is set to repay two
Speaker 1: billion dollars to creditors by the end of the month.
Speaker 1: This one, okay, this one caught me off guard because
Speaker 1: of the timing. Two billion hitting the market. When sentiment
Speaker 1: is already shaky, it's a huge question mark, and we're
Speaker 1: seeing the stress show up in the teams building this
Speaker 1: stuff too. The Algorand Foundation just cut a quarter of
Speaker 1: its staff. They're blaming the macro environment, but it's a
Speaker 1: reminder that even the big foundations are feeling the squeeze
Speaker 1: when the market grinds like this. All right, before we
Speaker 1: get into the risks, quick word from our sponsor. Okay,
Speaker 1: we're back. Let's talk about what to watch for. So
Speaker 1: what should you actually be worried about. Well, sentiment is
Speaker 1: incredibly fragile. When the Fed kills the rate cut narrative,
Speaker 1: the dip buyers usually turn into dip waiters. Also, keep
Speaker 1: an eye on Athereum. It's losing ground against Bitcoin, which
Speaker 1: which usually means the big players are de risking. If
Speaker 1: Ethereum doesn't find a floor soon, the rest of the
Speaker 1: all coin market could be in for a rough ride.
Speaker 1: And don't forget that March thirty first deadline for the
Speaker 1: FTX payouts. That's a lot of liquidity moving around in
Speaker 1: a very thin market. And looking ahead, watch the ten
Speaker 1: year treasury yields. If those keep climbing, Crypto's going to
Speaker 1: stay under pressure. On the bright side, keep your eyes
Speaker 1: peeled for more details on that Nasdaq pilot. If they
Speaker 1: name specific protocols or partners, the real world asset narrative
Speaker 1: could catch a serious second win. Also, bitcoin's been honestly
Speaker 1: kind of boring around seventy thousand, but if it surprises
Speaker 1: us and breaks seventy eight thousand, a lot of short
Speaker 1: positions are going to get squeezed hard. Well, that's the
Speaker 1: pulse for today. If you got something out of this,
Speaker 1: send it to a friend who's into crypto. That's the
Speaker 1: best way to support us. This is educational content, not
Speaker 1: investment advice. Always do your own research. I'm Alex, See
Speaker 1: you next time.