PANews reported on March 5 that according to QCP Asia's analysis, the crypto market fluctuated violently this week. BTC once surged to 94K and then fell back to 83K. It is currently fluctuating at 88K. The market is affected by macro factors such as Trump's reserve plan, the escalation of the US-Canada-China trade war, and tariff adjustments, and the trend closely follows the stock market fluctuations.

This Friday will see the first White House crypto summit, but the lack of specific policy support has left market sentiment cautious, with investors watching whether it will become a price catalyst or trigger a larger sell-off.

In addition, the high-yield spread of U.S. Treasuries widened to 290bps, and the Atlanta Fed's GDP forecast turned negative to -2.8%. The market is paying attention to Friday's non-farm data and next week's CPI to judge the direction of the macro economy.