To The Moon

Here's a full recap:

1. President Trump signed an Executive Order to create a Strategic $BTC Bitcoin Reserve, capitalized with approximately 200,000 bitcoins forfeited through criminal or civil proceedings, ensuring no taxpayer cost, while directing a full audit of the government’s digital asset holdings. The Reserve, likened to a “digital Fort Knox,” will retain bitcoins as a store of value, avoiding past premature sales that cost taxpayers $17 billion, with the Treasury and Commerce Secretaries tasked to develop budget-neutral strategies for acquiring more bitcoin. Additionally, the order establishes a U.S. Digital Asset Stockpile for other forfeited digital assets, managed responsibly under the Treasury, without acquiring new assets beyond forfeitures. Trump emphasized fulfilling his promise to make the U.S. the “crypto capital of the world,” highlighting the administration’s rapid support for the digital asset industry, moving at “tech speed.”

2. The Nasdaq has entered correction territory, declining 10% from its all-time high, with the Nasdaq 100 $QQQ closing below its 200-day moving average for the first time since March 2023. Historically, when QQQ falls below this key level after a prolonged uptrend, it has experienced at least a 3.5% drawdown within the next two weeks, often signaling the onset of a bear market. However, if the two-week drawdown remains under 4%, past data shows positive returns over the following year, suggesting potential resilience depending on market conditions.

3. President Trump has postponed tariffs on goods from Canada that meet USMCA standards until April 2nd, according to the Wall Street Journal, with the delay now extended for one month to include qualifying goods from both Mexico and Canada. Trump also said today: “We just had a meeting with most of the Secretaries, Elon, and others, and it was a very positive one. It’s very important that we cut levels down to where they should be, but it’s also important to keep the best and most productive people. We’re going to have these meetings every 2 weeks until that aspect of this very necessary job is done."