Finance News
By Sydney TheCMO
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Fed Decision Adds Pressure. The Federal Reserve's choice to keep rates at 3.50%–3.75% wasn't a surprise but still hurt crypto.
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Broader Market Chaos. Bitcoin wasn't alone in getting hammered. The S&P 500 dropped and global stocks fell too.
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Bitcoin fell hard Thursday. The digital currency dropped under $70,000 as crude oil prices jumped and the Federal Reserve kept interest rates steady, making the dollar stronger…
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The crypto traded near $69,500, stretching its losses as oil markets went wild. Brent crude shot above $114 per barrel while Oman crude hit crazy highs of $150.
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Energy markets basically exploded overnight.
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The March 2026 meeting minutes showed Fed officials are genuinely worried about energy price shocks.
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And the dollar got stronger after the Fed announcement. A strong dollar usually means bad news for Bitcoin since most crypto trading happens in dollars.
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Crypto exchanges saw heavy selling. Binance reported sell orders jumped 12% over 48 hours as Bitcoin approached the $70,000 level.
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JP Morgan analysts cut their Bitcoin forecasts this week. The bank thinks crypto will struggle unless geopolitical tensions cool down and energy prices normalize.
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Things could get worse if the conflict spreads. The International Energy Agency warned March 18 about potential supply chain disruptions if fighting escalates. The U.S.
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Derivatives traders are getting defensive fast. Deribit data shows put option open interest with strikes below $65,000 rose 20% as traders bet on more downside.
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Goldman Sachs put out a report March 18 telling clients to stay alert. Their analysts think persistent geopolitical risks and energy market chaos could keep crypto volatile for…
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The $70,000 level matters a lot psychologically. Bitcoin peaked there before and breaking below sends a bearish signal to technical traders.
The Currency Analytics
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