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MICA Daily | Is the Fed Worried About Inflation Getting Out of Control? US Stocks Decline, BTC Tests $71,000 Again
Yesterday, BTC fell from $73,000 to $71,000 due to declining US stocks and deteriorating Middle East conditions, with risk-off sentiment heating up in the market. The Federal Reserve kept interest rates unchanged, with Powell emphasizing that the US employment market and energy crisis make decision-making difficult, indicating uncertain economic prospects ahead that could impact both stock and crypto markets.
区块客4m ago
The Federal Reserve maintains interest rates, Bitcoin is pressured near $70,000, and the Iran conflict escalation increases market uncertainty.
The Federal Reserve kept its benchmark interest rate unchanged on March 19, with a voting result of 11 to 1. Chairman Powell pointed out that the situation in the Middle East and rising oil prices introduce uncertainties to the economy, and short-term inflation expectations have been raised to 2.7%. The market response was notable, with risk assets performing poorly. Analysts advise paying attention to future interest rate movements.
GateNews11m ago
Solana Price Clears Key Resistance, Eyes $100 Level
Solana (SOL) has broken through a significant sell pressure zone after a month of consolidation, indicating a potential bullish breakout toward the $100 mark.
GateNews12m ago
LayerZero Whale Accumulates 24.5 Million ZRO, Drawing Market Attention; CEO Denies Insider Trading
LayerZero's native token ZRO has recently attracted attention, as a whale has accumulated approximately 24.5 million tokens across multiple wallets, sparking speculation about token concentration and insider trading. The project's CEO stated that the purchases were completed on the open market and encouraged transparent participation. Currently, ZRO is trading near $2.11, with its short-term movement influenced by the $2.09 support level, and potential volatility may occur in the future.
GateNews18m ago
Algorand Foundation lays off 25% of its staff, ALGO price drops 6% to $0.09
Algorand Foundation announces 25% workforce reduction to address economic uncertainty and market weakness, causing ALGO token price to decline approximately 6%, now trading around $0.09. Despite the staff reduction, network activity remains stable, with quarterly transaction volume growing 4.7%. This restructuring aims to optimize resources and ensure long-term sustainability. Overall, it reflects the pressure and adaptation trends in the crypto market.
GateNews30m ago
Bitcoin Holds Strong at $70,000! On-Chain Data Reveals "Collective Selling Wave," Retail Investors Emerge as Biggest Selling Pressure
Against the backdrop of Middle East geopolitical tensions, Bitcoin has faced a comprehensive sell-off with nearly all coin holders turning to net selling, most notably among retail investors. According to Glassnode data, the cumulative trend score has dropped to 0.04, indicating heavy selling pressure in the market. Small-cap holders and mid-sized investors are showing significant selling intensity, while whales, though reducing their holdings, are doing so at a lower rate. Despite the dismal data, Bitcoin continues to demonstrate resilience against declines.
区块客44m ago