The Federal Reserve's decision led to a decline in US stocks and Bitcoin, while gold hit a new high
News on March 19, the three major US stock indices ended their two-day rise on Tuesday, with the Nasdaq falling 1.71%, the S&P 500 down 1.06%, and the Dow Jones down 0.62%. Tech stocks led the decline, with Tesla plunging by 5.34% due to intensified competition, and Nvidia's new products at GTC conference failed to boost its share price which fell by 3.35%.
The cryptocurrency market fluctuated downwards, dragged down by a low opening of US stocks. Bitcoin quickly dropped to around $81,000 last night and only rebounded after the close of US stocks; it was reported at $82,571 when this article was written, a nearly 1% drop in 24 hours. Ethereum may have risen against the trend by up to 1.3% due to news about Pectra upgrade; it is reported at $1940 USD . Other mainstream tokens mostly showed slight declines.
Market focus tonight will be on Federal Reserve monetary policy decision-making meeting . Although interest rates are expected to remain unchanged as per market consensus , investors still hope through "dot plot" and Powell's speech at press conference , they can find policymakers' assessment of potential impact from tariff war , as well as clues for when Fed might 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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