The Australian Dollar (AUD) staged a notable recovery on Monday, buoyed by a combination of improved global market sentiment and positive signals from China.
China’s leadership has pledged to implement more proactive fiscal policies and looser monetary measures in 2023 to stimulate domestic consumption. This announcement, ahead of the crucial Central Economic Work Conference, has ignited speculation about further stimulus measures.
While weak Chinese Consumer Price Index (CPI) data, which contracted by 0.6% in November, might have dampened sentiment, the anticipation of additional stimulus has outweighed the negative impact. This development has provided a much-needed boost to the Australian Dollar, which is closely tied to China’s economic health.
RBA Rate Decision in Focus
In Australia, market participants are eagerly awaiting the Reserve Bank of Australia’s (RBA) monetary policy decision on Tuesday. While the central bank is expected to maintain the cash rate at its current level of 4.35%, investors will be closely watching for clues about the potential timing of an easing cycle.
Governor Philip Lowe’s commentary on this matter will likely be a key driver of the Australian Dollar’s near-term direction. If Lowe strikes a dovish tone, suggesting that rate cuts may be on the horizon, the AUD could face downward pressure. Conversely, a more hawkish stance could support the currency.
As the global economic landscape continues to evolve, the Australian Dollar’s performance will remain intertwined with developments in China and the RBA’s monetary policy decisions. Investors will be closely monitoring these factors to gauge the currency’s future trajectory.
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Grab a coffee to view the market from the eyes of financial experts across TradFi and crypto. Given the more established financial channels, there is growing overlap, with Bitcoin (BTC) inadvertently benefiting from TradFi woes.
Crypto News of the Day: Max Keiser Says Bitcoin and Saylor Are the Future
Warren Buffett made the ultimate case for Bitcoin as the American investor considers stepping down as CEO of Berkshire Hathaway.
Pending board approval, Buffett could step aside at the end of the year, giving way for Greg Abel, vice chair of non-insurance operations, to become Berkshire’s new chief.
This revelation came at Berkshire Hathaway’s annual shareholder meeting on May 3, 2025, where Buffett also offered a stark warning about the long-term value of the US dollar.
He noted that every system eventually debases its currency. According to Warren Buffett, government decisions make paper money lose value over time.
“In the end, if you get people to control the currency, you can issue paper money, and you will,” Buffett told shareholders in Omaha.
Warren Buffett Slams US Fiscal Policy at Berkshire Hathaway Annual Shareholder Meeting
Without naming alternatives such as Bitcoin, the 93-year-old investor cautioned against holding assets denominated in a currency he said was systematically devalued by government policy.
“The natural course of government is to make the currency worth less over time… Some places devalue at breathtaking rates… it’s not evil, it’s just their job,” he added.
The investing icon said that if his late partner, Charlie Munger, had to choose a second area besides stocks, he would have gone into foreign exchange.
These remarks suggested an openness to non-traditional assets. Bitcoin advocate and broadcaster Max Keiser responded to the remarks in an interview with BeInCrypto.
Max Keiser interprets Buffett’s comments as a tacit validation of the thesis behind Bitcoin.
“Executive chairman and co-founder of MicroStrategy Michael Saylor is the Warren Buffett of the 21st century. He saw what Buffett described and built his strategy around it,” Keiser started.
“Warren Buffett built his empire on money printing. Most of his holdings over the years have been in banks, insurance companies, and financial services,” Keiser claimed.
In his view, Buffett benefited from having political leverage in Washington, particularly during the 2008 financial crisis. During this time, Keiser says, his [Buffett] investments in Wall Street institutions aligned with government-led rescue efforts.
Buffett’s Role During The 2008 Financial Crisis Is Well Documented
Michael Saylor, meanwhile, has taken a dramatically different approach. Under his leadership, MicroStrategy (now Strategy) began acquiring Bitcoin in 2020 as part of its corporate treasury strategy. The firm cited concerns about the long-term debasement of fiat currencies.
As of early 2025, the company holds more than 200,000 BTC, worth tens of billions of dollars at current market prices. A recent US Crypto News publication revealed one of Strategy’s latest Bitcoin purchases.
Buffett has long been critical of Bitcoin, famously calling it “rat poison squared” in 2018. However, some in the digital asset space have interpreted his recent comments about currency debasement as aligning with core arguments made by Bitcoin proponents.
Based on his remarks, the American investor and philanthropist is concerned about the US fiscal policy.
His comments allude that while he may not like Bitcoin, he clearly understands why it exists. Sentiment on X (Twitter) shows that community members took notice.
Responses suggest that if Warren Buffett understands money and its flaws manifested in fiat form, why does he not endorse Bitcoin as the solution?
“Warren Buffet talks about the virtues of Bitcoin without mentioning Bitcoin,” one user on X quipped.
Meanwhile, others hope Buffett’s prospective replacement as CEO will see the next Berkshire Hathaway chief to lead the company in a different direction, potentially adopting Bitcoin.
A spokesperson for Berkshire Hathaway did not immediately respond to a request for comment on Keiser’s remarks.
Elsewhere, and in line with Buffett’s statement about foreign exchange, QCP Capital analysts cite a remarkable 8% rally in the Taiwanese Dollar (TWD) on Monday.
They cite this as the TWD’s sharpest move in decades, alongside gains in other APAC currencies with strong current account surpluses. According to the analysts, speculation over a potential US-Taiwan trade deal drove this rally, as did insurer-hedging flows, pushing TWD’s 1Y NDF spread to its widest since 2008.
While Taiwan’s trade surplus supports the TWD, capital outflows have historically balanced it. This shift mirrors past foreign exchange dislocations like the 2023 JPY carry unwind.
For crypto, the move signals possible macro volatility ahead, with gold up 3% and BTC facing a binary path tied to global capital flows and trade diplomacy.
“In a market where correlations are fraying, FX may once again be the canary in the macro coalmine,” wrote QCP analysts.
Chart of the Day
US dollar index (DXY) performance year-to-date. Source: TradingView
The chart shows the US Dollar Index (DXY) trend from 2025, reflecting fluctuations in the value of the US dollar against a basket of major currencies. It indicates a downward movement from February to May, with a recent slight recovery.
Byte-Sized Alpha
Here’s a summary of more crypto news to follow today:
A new discussion draft introduces a framework to reduce market concentration and foster innovation. The bill clarifies jurisdiction between the SEC and CFTC, emphasizing decentralized systems and providing regulatory clarity for digital asset markets.
HBAR, the native cryptocurrency of the Hedera network, has experienced a significant 20% price jump over the last 24 hours, reaching a 5-month high.
This surge in value comes after a period of sustained growth, driven by both positive market sentiment and increased activity in the derivatives market.
HBAR Finds Support From Traders
In the past week, HBAR’s open interest (OI) has surged by 77%, rising from $296 million to $526 million. This $230 million jump highlights the growing interest from traders eager to capitalize on HBAR’s recent performance. The positive funding rate further reinforces this trend, as long contracts outweigh short contracts.
The surge in open interest, combined with the ongoing price rise, demonstrates how market participants are becoming more confident in HBAR’s future prospects. Investors are taking advantage of favorable market conditions, aligning their positions to capture profits from what appears to be a sustained uptrend.
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Looking at the broader technical indicators, HBAR’s momentum is also supported by the recent Golden Cross observed in its moving averages. The 50-day exponential moving average (EMA) recently crossed above the 200-day EMA, marking the end of the prolonged Death Cross that had dominated for over a month.
This positive shift suggests that the bearish trend that had been in place is now reversing. This technical development could signal a strong foundation for further price appreciation in the coming weeks.
HBAR’s price currently stands at $0.284, reflecting a 20% increase over the last 24 hours. The altcoin has managed to secure a strong support level at $0.267, which is crucial for maintaining its recent gains. Testing this price as a support floor will help stabilize the market and provide a foundation for further growth.
Given the positive developments in market sentiment and technical indicators, HBAR is well-positioned to continue its uptrend. A push beyond the $0.314 resistance would bring the altcoin closer to the $0.375 mark. This would signal a continued rally, driven by growing investor confidence and positive market conditions.
However, the risk of selling remains. Should HBAR experience a wave of profit-taking from investors, the price could fall back toward the $0.267 support. If this support is lost, HBAR could dip as low as $0.241, invalidating the bullish thesis and signaling a reversal of the recent gains.
“Ripple can, will, and should act in its own interest,” said David “JoelKatz” Schwartz in response to criticism regarding the firm’s XRP sales.
Ripple Labs is free to sell XRP tokens to raise operational capital, according to comments from the company’s chief technology officer. His remarks have sparked concerns among cryptocurrency investors.
“XRP isn’t a security because Ripple doesn’t actually owe you ‘utility’ or anything else,” Pierre Rochard, vice president of research at Riot Platforms, wrote in a March 5 X post.
“They are free to dump on you and you have no right to do anything about it other than join them in dumping XRP,” Rochard said, cautioning that investors are “not investing in Ripple,” just “getting tokens created out of thin air dumped on you.”
