Market Overview:
Bitcoin is trading at around 71,391 USD and Ethereum at 2,182 USD, both trying to hold critical support levels. The Fed’s decision to keep interest rates steady in the 3.50%–3.75% range, along with Powell’s hawkish remarks, is weakening expectations for rate cuts. Rising tensions between the U.S. and Iran in the Middle East, along with oil prices approaching 100 USD, are increasing global inflationary pressures. However, partial relief from draft peace plans is supporting recovery signals in Bitcoin. Regulatory uncertainty from the SEC continues to create volatility, while institutional interest in Ethereum staking ETFs and expectations of AI–crypto integration by major players like BlackRock keep the overall outlook cautiously optimistic ahead of this Friday’s 14 billion USD options expiry.
Key Developments:
⭐️⭐️⭐️ Ethereum Pectra Testnet: Developers will announce a new testnet schedule to boost scalability and speed. (MEXC News)
⭐️⭐️⭐️ Bitcoin (BTC) 20M Supply Milestone: Supply may approach 20 million by the end of March, reinforcing scarcity perception. (Phemex Blog)
⭐️⭐️ G20/OECD CARF Interim Report: OECD will release a new interim report on crypto tax transparency; 2026 is set as the compliance year. (OECD.org)
⭐️⭐️ Fed Rate Decision: Following March 18, market liquidity and risk appetite are shaping up; Powell remains an uncertainty factor. (Phemex)