BlockBeats News, March 18th. Last night and this morning, the Middle East situation continued to be deadlocked, with investors attempting to digest the inflationary impact of high oil prices and shifting their focus to the upcoming Fed interest rate decision. US stocks, gold, and oil saw narrow fluctuations, while US bond yields and the dollar both declined. Bitcoin, however, failed to sustain its strong momentum from Monday and traded sideways at $74,000.
According to Bitget market data, the three major US stock indexes closed slightly higher, with the S&P up 0.25%, the Nasdaq up 0.47%, and the Dow nearly unchanged. Energy stocks rose across the board, with Exxon Mobil up 1%. Most cryptocurrency-related stocks also rose, with MSTR up 1.87%, BMNR down 0.68%, and CRCL rising another 5.15%, breaking through the $130 mark.
According to HTX market data, Bitcoin once again failed to break the $75,000 level, falling back to below $74,000, trading at $73,980.53.
At 2 a.m. Beijing time tomorrow, the Fed will announce its interest rate decision. The market is currently fully expecting no change in interest rates and is instead focusing on Fed Chair Powell’s remarks during the monetary policy press conference, with the market eager to hear Powell’s comments on the Fed’s interest rate trajectory given the situation in Iran.
