US stocks and Bitco in fell before the Fed's decision, and gold hit a new high
On March 19tht hree major US stock indexes ended a two-day winning streak on Tuesday, with the Nasdaq falling 1.71%, the S&P 500 dropping 1.06%, and the Dow Jones falling 0.62%. Technology stocks led the decline, with Tesla plummeting 5.34% due to increased competition, and Nvidia's GTC conference new products failing to boost stock prices, leading to a 3.35% decline.
In the cryptocurrency market, affected by the lower opening of US stocks, Bitcoin quickly fell to around $81,000 last night, rebounding only after the US stock market closed, and was reported at $82,571 at the time of writing, down nearly 1% in 24 hours. Ethereum may have risen against the trend by 1.3% due to news of the Pectra upgrade, reaching $1,940. Other mainstream tokens mostly saw slight declines.
The market is focused on the Federal Reserve's monetary policy decision tonight. Although it is expected that interest rates will remain unchanged, which has become a market consensus, investors still hope to find clues from the "dot plot" and Powell's comments at the press conference about policymakers' assessment of the potential impact of the trade war, and when the Fed will cut interest rates again.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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