Macroeconomics

Bitcoin surrendered its $70,000 support level, triggering a broader crypto market retreat that wiped out $329 million in leveraged positions. This downturn was fueled by a perfect storm of geopolitical and macroeconomic pressures. Wiping out the ‘War Gains’ Bitcoin’s midweek resilience

Currently, the U.S. Dollar Index (DXY) is starting to play a key role in crypto trading this morning. The Dollar has crossed above its Daily 200 period moving averages on March 1, 2026, and is now testing below its Daily 200 period Exponential Moving Averages. Daan Crypto Trades called attention to

The US dollar performed strongly amid Middle East conflicts and soaring oil prices, rising 1.5% this week, the largest increase in over a year. Despite the US non-farm payroll report showing job reductions, the market remains influenced by oil prices and uncertainty, continuing to push the dollar higher.

Gate News Report, March 6 — Schroders Global Chief Economist David Rees commented on the U.S. non-farm payroll data. Rees pointed out that the non-farm employment figures were significantly below expectations, providing a basis for dovish discussions within the Federal Reserve. He stated that at least part of the deviation below expectations was due to strikes in the healthcare industry, which are expected to be reversed. Additionally, despite the soft employment report, the continued growth in labor demand persists amid the ongoing strong U.S. economic expansion. Rees mentioned that Kevin Woor, who is about to become the Federal Reserve Chair, previously expressed the view that the application of artificial intelligence would greatly enhance U.S. productivity and create room for rate cuts. However, he also noted that the recovery of the labor market and inflation risks from Middle Eastern events would weaken the need for rate cuts in the short term.

Carson Group analyst Sonu Varghese stated that despite poor employment data in February, the Federal Reserve's interest rate cut expectations for this year remain unchanged, and risks in the labor market still exist. Meanwhile, energy prices and artificial intelligence bottlenecks will keep the Federal Reserve cautious on rate cuts, and the market may only expect one rate cut.

Mexican billionaire Ricardo Salinas Pliego is heavily investing in Bitcoin, believing it can hedge against inflation and symbolize personal freedom. Robert Kiyosaki warns that a stock market crash is imminent and continues to increase his holdings in Bitcoin and precious metals, remaining confident. They both believe that Bitcoin has long-term value potential, and the current price dip is a good buying opportunity.

Gate News Report, March 6th, the Director of the U.S. White House National Economic Council, Hasset, stated that the U.S. economy is expected to grow by 4% this year and emphasized the importance of focusing on the average employment figures.

Gate News Announcement, March 6 — Annex Wealth Management Chief Economist Brian Jacobsen stated that the latest non-farm employment data deviates from expectations, with the unemployment rate rising and oil prices surging. The Federal Reserve is currently facing policy choices: whether to take measures to support the labor market or to maintain the current stance to curb inflation expectations.

Gate News Report, March 6 — The Director of the National Economic Council at the White House, Jared Bernstein, made a statement on various economic policy issues. Bernstein stated that prediction markets have their uses. Regarding Iran and oil issues, he pointed out that there will be no discussion of deploying the Strategic Petroleum Reserve (SPR) in the near future, as the military is developing a plan to ensure ship passage. When discussing tariff refunds, Bernstein said that they are monitoring lawsuits initiated by large corporations, and the private sector will agree on the specific method of refunds.

Gate News Announcement: On March 6, the U.S. Bureau of Labor Statistics released revised data, showing that non-farm payroll employment added 48,000 jobs in December, revised down to -17,000 jobs, and 126,000 jobs in January, revised from 130,000. After revisions, the total new jobs added in December and January decreased by 69,000 compared to the initial figures.

Following the disappointing employment report, U.S. Treasury yields declined as the market expects the Federal Reserve to cut interest rates this year. The 10-year Treasury yield dropped to 4.1%, and the 2-year Treasury yield fell to 3.53%. Interest rate swaps indicate that traders expect a total of 44 basis points of rate cuts by December.

Natixis analyst Hodge pointed out that weak February employment data could influence Federal Reserve Waller's stance, reinforcing dovish views. Analyst Anstey believes this is a blow to Treasury Secretary Yellen, who had previously seen employment growth in the construction industry as a success model, but recent data shows declines in both construction and manufacturing employment.

On 2026-03-06 from 13:45 to 14:00 (UTC), the price of Bitcoin (BTC) experienced a -1.23% return over 15 minutes, with a price range of 69,219.0 to 70,086.3 USDT, and an amplitude of 1.24%. Trading activity significantly increased in a short period, with the market focusing on intense volatility and a resurgence of risk sentiment. The main drivers of this anomaly are continuous outflows of on-chain whale funds and large-scale leveraged long liquidations in the derivatives market. According to on-chain data, whale withdrawals reached as high as 16,972 BTC in a single day, Whales O

Gate News Report: On March 6, U.S. non-farm payrolls for February recorded a decline, with the unemployment rate rising to 4.4%. Federal Reserve officials, including Daly, stated that data from any single month is not decisive; employment data is not a clear signal, but it is also not an incorrect signal.

This month's non-farm employment report is extremely unfavorable to the White House. President Trump needs to address the worsening labor market and inflation concerns, and the stock market performance has been volatile. The previous attitude of dismissing signals of economic weakness is now being challenged.

Gate News Report, March 6, Analyst Chris Anstey stated that this week's non-farm payroll data could prompt the Federal Reserve to reconsider resuming interest rate cuts. He pointed out that the current employment market conditions do not align with the "stabilizing" state described by many Federal Reserve officials earlier.

Gate News Report, on March 6, after the release of U.S. non-farm payroll data which was below expectations, spot gold surged over $40, currently at $5112 per ounce; spot silver rose sharply by $1.6, currently at $83.85 per ounce; the US dollar index DXY (which measures the strength of the dollar against a basket of currencies) briefly fell more than 20 points, currently at 99.14.

Gate News Announcement: On March 6, the United States announced that the seasonally adjusted non-farm payrolls for February (a key indicator of new jobs added in the U.S.) were -92,000, below the market expectation of 59,000. Additionally, the initial non-farm payrolls for January were revised from 130,000 to 126,000.

Gate News Report: On March 6, the United States announced that the February unemployment rate was 4.4%, higher than the market expectation of 4.30% and the previous value of 4.30%.

On March 6th, U.S. stock index futures declined as rising oil prices and escalating Middle East war concerns heightened worries about inflation and economic growth. Analysts noted that the market reaction reflects sensitivity to fluctuations in crude oil prices, with fund managers reducing investment sizes due to geopolitical uncertainties.