Daily Market BriefMar 5, 2025

Daily Market Brief 250305

  • The market has slightly rebounded, with $BTC trading at $87,266 and $ETH at $2,170. Bitcoin dominance stands at 61.18%

  • The tariff headline continues to dominate market sentiment, as Trump's 25% tariffs on Mexico and Canada have taken effect. However, U.S. Commerce Secretary Howard Lutnick stated that the Trump administration may announce a tariff relief plan for Canadian and Mexican goods as early as tomorrow.

  • Other notable headlines include: Reddit co-founder says he is trying to buy TikTok U.S. and “bring it on-chain,” Pump.fun trading volume nosedives 94%, and the SEC drops its lawsuit against Cumberland DRW.

  • Over the last 24 hours, the top three gainers were $MEOW, $AAVE, and $AIC, while the top three losers were $WIF, $SPX, and $WLD.

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