Invest ideasNews
6 Mar 2026, 15:31
Job losses mount as war-driven oil surge hits US economy
The U.S. economy lost 92,000 jobs in February, according to the U.S. Bureau of Labor Statistics, as the unemployment rate came in at 4.4%. The total number of unemployed people stood at 7.6 million, with both figures showing little change during the month. The report also noted annual population adjustments in the household survey estimates, with added details listed in tables A and B of the release. The rest of the labor data was not much better. The labor force participation rate held at 62.0% in February, while the employment-population ratio stayed at 59.3%. Both measures also showed little change over the year after the annual population control adjustments. Long-term joblessness in America stays high The number of people working part-time for economic reasons fell by 477,000 to 4.4 million. These were people who wanted full-time work but either had their hours cut or could not find a full-time job. At the same time, the number of long-term unemployed, meaning people out of work for 27 weeks or more, stood at 1.9 million. That figure was little changed in February, but it was up from 1.5 million a year earlier. Long-term unemployed workers made up 25.3% of all unemployed people. Among major worker groups, the numbers barely moved in February. Adult men had an unemployment rate of 4.0%. Adult women came in at 4.1%. Teenagers were at 14.9%. By race, the unemployment rate was 3.7% for White workers, 7.7% for Black workers, 4.8% for Asian workers, and 5.2% for Hispanic workers. The report said these rates showed little or no change during the month. Oil prices jump as Trump keeps focus on the Iran war That pressure came from oil. U.S. crude oil prices topped $80 per barrel on Thursday as the expanding Iran war hit global fuel supplies. Traffic in the Strait of Hormuz came to a standstill after attacks on tankers. West Texas Intermediate jumped 8.51%, or $6.35, to close at $81.01 per barrel. That was the biggest one-day gain since May 2020. Brent crude, the global benchmark, rose 4.93%, or $4.01, to settle at $85.41 per barrel. U.S. oil prices were up about 21% this week. The hit from crude quickly reached drivers. AAA said average U.S. gasoline prices rose by nearly 27 cents from last week to $3.25 per gallon. The group said the last time gas prices made a jump like that was in March 2022, after Russia invaded Ukraine. President Donald Trump said on Thursday that he was not worried about higher gas prices tied to the wider Iran conflict. In an exclusive interview with Reuters, he said the military operation mattered more. “I don’t have any concern about it,” Trump said when asked about rising prices at the pump. He added, “They’ll drop very rapidly when this is over, and if they rise, they rise, but this is far more important than having gasoline prices go up a little bit.” Trump also said he was not planning to use the Strategic Petroleum Reserve, which is the world’s largest emergency crude stockpile. He said he believed the Strait of Hormuz would stay open because Iran’s navy was at the “bottom of the sea.” He also said the costs “haven’t risen very much.” Earlier, on Tuesday, Trump said the U.S. would provide political risk insurance and naval escorts for tankers. Iran, meanwhile, claimed it had hit an oil tanker with a missile, according to a state media report. Iran’s Revolutionary Guard also ordered the closure of the Strait of Hormuz earlier this week and threatened to attack tankers moving through it. Claim your free seat in an exclusive crypto trading community - limited to 1,000 members.
6 Mar 2026, 15:31
Long-Term Bitcoin Holders Resume Accumulation After Eight-Month Selling Streak
Long-term Bitcoin holders have shifted from selling to accumulating after eight months of net outflows. Recent buying activity suggests renewed confidence among investors at current price levels. Continue Reading: Long-Term Bitcoin Holders Resume Accumulation After Eight-Month Selling Streak The post Long-Term Bitcoin Holders Resume Accumulation After Eight-Month Selling Streak appeared first on COINTURK NEWS .
6 Mar 2026, 15:30
Bitcoin Liquidation Map Predicts The Next Targets To Watch Out For
Bitcoin’s derivatives market is showing where the next major price reactions could occur. A liquidation map tracking leverage positions on the Binance BTC/USDT perpetual market highlights clusters of highly leveraged trades positioned above the current market price. This arrangement provides clues about how the next Bitcoin price move could unfold, how much short traders can be liquidated in the next sweep, and what could probably happen after. Massive Short Liquidation Wall Sits Around $71,800 Bitcoin has spent the past 24 to 48 hours trading above $70,000, offering an early glimpse into how price action may unfold for the leading cryptocurrency throughout March. Interestingly, technical analysis of the BTC liquidation heatmap on Binance, which was posted on X by crypto analyst Sherlock, shows clusters of highly leveraged trades positioned just above the current market price. This is notable to watch, as clusters often influence price direction because markets tend to move toward zones where large volumes of forced liquidations can occur. Related Reading: Analyst Says Bitcoin Price Bottom Hasn’t Happened Yet, Gives Timeline To Expect Reversal The most prominent liquidity target revealed by the chart is around $71,800, where a dense concentration of short liquidations has formed. This area is dominated by extremely high leverage positions, particularly 50x and 100x leverage, which shows that many Bitcoin traders are heavily positioned on the assumption that Bitcoin will fail to reclaim above $72,000. As shown in the Coinglass liquidation chart below, the vertical liquidation bars around $71,000 to $72,000 are significantly larger compared to surrounding levels. This shows a buildup of short positions that would be forced to buy back Bitcoin if the market rises into that zone. A move to that level could therefore lead to a chain reaction of liquidations, which in turn would contribute to a move upward as short positions are closed. BTC/USDT Liquidation Map. Source: @Sherlockwhale On X What Happens After The Liquidity Sweep? After the $71,800 level, the structure of the liquidation map changes noticeably. The bars on the chart become thinner across the $72,000 to $76,000 range, and the cumulative liquidation curve flattens. This means that once the initial wave of short liquidations is triggered, there may not be enough additional liquidation fuel to sustain a prolonged rally. Related Reading: Bitcoin Pattern Memory Predicts The Bottom, And It’s Below $40,000 According to Sherlock, that forced buying from liquidated shorts could carry Bitcoin from $71,800 to $75,000, but extending the rally beyond that point would need real buyers and organic demand. Not forced buying. At the time of writing, Bitcoin is trading at $70,500. The leading cryptocurrency faced sustained downward pressure throughout most of February, although signs of gradual spot accumulation are beginning to appear, and this could support a steady rally in March. If new buyers fail to support the price after liquidity at $76,000 is taken, then the price could quickly lose upward momentum. In that case, the price could fall straight back below $60,000. Featured image created with Dall.E, chart from Tradingview.com
6 Mar 2026, 15:30
Vancouver Mayor’s Bitcoin Reserve Dream Hits Legal Wall
Vancouver city staff have recommended that councillors drop Mayor Ken Sim’s Bitcoin motion, which ordered work on accepting payments in BTC and exploring a Bitcoin reserve for part of the city’s funds. Bitcoin: “Not An Allowable Investment Asset” In a report released on March 2 reviewing outstanding council directions , the Vancouver staff has deemed Bitcoin as a “not an allowable investment asset for the City”, suggesting that the Mayor Sim’s motion to turn Vancouver into a “Bitcoin friendly city” should be concluded. The report also asks council to de-prioritize some of the 78 motions passed since 2019 part of a broader clean‑up of outstanding directions. The rationale for this, as stated by the report, is a “reprioritization of staff and resources” and the need for “coordinating and aligning work with related initiative(s)”: the goal is to reduce the city’s spending by optimizing internal capacity. City staff back these conclusions with the Vancouver Charter, the provincial law that sets out how municipal funds can be invested. Inside The Vancouver Charter The B.C. Ministry of Municipal Affairs has clarified that the Community Charter and the Vancouver Charter “don’t recognize cryptocurrency as payment for municipal services or other transactions,” so cities shouldn’t treat BTC like normal money on their balance sheets. The ministry has also stated that local governments “are not permitted to hold financial reserves in cryptocurrency” because crypto is not on the listed of permitted investment vehicles laid out in the provincial legislation. Under section 183 of the Community Charter, which the province applies to local governments’ funds, eligible investments are cited as things like Municipal Finance Authority securities, pooled funds, federal or provincial bonds, guaranteed bank products and similar high‑grade instruments. There is simply no legal category that would cover Bitcoin or other volatile digital assets, which doesn’t mean that it’s prohibited: it simply doesn’t exist in the law. The Bitcoin Dream: A Bitcoin Friendly City Mayor Sim’s Bitcoin motion pushed through in December 2024. Sim, who’s an investor in a cryptocurrency exchange, said he believed investing in Bitcoin was “the financially responsible” thing to do amidst inflation and market volatility. He went so far as to pledge a personal 10,000‑dollar Bitcoin donation to seed a municipal reserve, publicly lauding BTC as one of the most important financial innovations of the era. It would be irresponsible for the City of Vancouver to not look at the merits of adding bitcoin to the city’s strategic assets to preserve the city’s financial stability. What’s Next? The staff was supposed to report back to council in the first quarter of 2025, but until the cited report, no other was made public. The Vancouver city staff recommendation will land at council on March 10. Mayor Sim will be forced to decide whether to burn political capital defending his BTC agenda or watch his Bitcoin dreams be shelved and dismissed by his own administration. Cover image from ChatGPT, BTCUSD chart from Tradingview
6 Mar 2026, 15:30
Bitcoin Loses 1,000 Pivot Against Silver: What Followed the Last Time This Occurred in 2022
Bitcoin has lost a major support level against silver, and this has raised concerns about its relative strength compared to the precious metal. After reaching a peak of $126,000 in October 2025, Bitcoin (BTC) began trending downward, while silver (XAG) continued to gain ground. Visit Website
6 Mar 2026, 15:29
XRP's +30% Surge Could be the Key For Quick Market Retrace
There is a good chance XRP will enter a recovery period as a volatility surge on the market and stabilization on the ledger are tied to each other.
