ETH drops below 2100 USDT

MICA Daily | Is the Fed Worried About Inflation Getting Out of Control? US Stocks Decline, BTC Tests $71,000 Again

Yesterday, BTC fell from $73,000 to $71,000 due to declining US stocks and deteriorating Middle East conditions, with risk-off sentiment heating up in the market. The Federal Reserve kept interest rates unchanged, with Powell emphasizing that the US employment market and energy crisis make decision-making difficult, indicating uncertain economic prospects ahead that could impact both stock and crypto markets.

The Federal Reserve maintains interest rates, Bitcoin is pressured near $70,000, and the Iran conflict escalation increases market uncertainty.

The Federal Reserve kept its benchmark interest rate unchanged on March 19, with a voting result of 11 to 1. Chairman Powell pointed out that the situation in the Middle East and rising oil prices introduce uncertainties to the economy, and short-term inflation expectations have been raised to 2.7%. The market response was notable, with risk assets performing poorly. Analysts advise paying attention to future interest rate movements.

Solana Price Clears Key Resistance, Eyes $100 Level

Solana (SOL) has broken through a significant sell pressure zone after a month of consolidation, indicating a potential bullish breakout toward the $100 mark.

LayerZero Whale Accumulates 24.5 Million ZRO, Drawing Market Attention; CEO Denies Insider Trading

LayerZero's native token ZRO has recently attracted attention, as a whale has accumulated approximately 24.5 million tokens across multiple wallets, sparking speculation about token concentration and insider trading. The project's CEO stated that the purchases were completed on the open market and encouraged transparent participation. Currently, ZRO is trading near $2.11, with its short-term movement influenced by the $2.09 support level, and potential volatility may occur in the future.

Algorand Foundation lays off 25% of its staff, ALGO price drops 6% to $0.09

Algorand Foundation announces 25% workforce reduction to address economic uncertainty and market weakness, causing ALGO token price to decline approximately 6%, now trading around $0.09. Despite the staff reduction, network activity remains stable, with quarterly transaction volume growing 4.7%. This restructuring aims to optimize resources and ensure long-term sustainability. Overall, it reflects the pressure and adaptation trends in the crypto market.