Market expert Benjamin Cowen stated that Bitcoin is unlikely to attract capital inflows due to a gold price pullback. Bitcoin and gold prices show high correlation in volatility, with Bitcoin recently declining from $76,000 to $70,000, while gold plummeted 8.54%. Although Bitcoin's price performance against gold demonstrates resilience, Cowen pointed out that market rotation has not yet occurred, and investors need to monitor Bitcoin's support levels to assess risks.

Gate News: On March 20th, Web3 embodied AI robotics company PrismaX joined NVIDIA's Inception program. Through this program, PrismaX will gain access to development tools, technical resources, training support, priority infrastructure access rights, and support from a broader ecosystem comprised of builders and investors. The Inception program is a free virtual accelerator initiative launched by NVIDIA specifically designed to help startups in the fields of AI, data science, and high-performance computing (HPC) accelerate their growth.

Strategy's dividend preferred stock Stretch (STRC) may be overvalued due to its high annualized dividend yield of 11.5% and significantly increased future payment obligations. While it may improve the balance sheet in the short term, if Bitcoin's appreciation fails to exceed the high dividend yield, common shareholders' returns will be limited, and the market remains cautious about STRC's long-term sustainability.

JPMorgan Report Warns on Global Risk Assets, Cuts S&P 500 2026 Target to 7200, Points Out Market Overly Optimistic on Iran Conflict De-escalation. Oil Prices Break Through $110, Suppressing Consumption and Earnings, with Expected Economic Growth Slowdown. If Oil Prices Remain Elevated, S&P 500 Faces 10%-15% Pullback Risk, and Market Volatility May Persist at High Levels.

A Russian businessman was sentenced to six years for cryptocurrency investment fraud involving over $3 million, with victims including renowned actors and boxers. The fraud scheme employed a classic Ponzi structure, and prosecutors vow to intensify crackdowns on such crimes. Market participants are urged to remain vigilant against promises of high returns and scrutinize fund flows.

Gate News reports that on March 20, the U.S. dollar surged significantly in global markets, with prices approaching the 99.50 level. This rally was driven by two main factors: First, the Federal Reserve maintained its hawkish stance (referring to a tendency toward rate hikes or maintaining high rates to control inflation), and second, ongoing geopolitical tensions in the Middle East region.

In the context of escalating conflicts between the United States, Israel, and Iran, traditional safe-haven assets such as gold and Bitcoin face dual pressures. Rising oil prices push up inflation expectations, delaying Federal Reserve rate cuts and reducing gold's appeal; meanwhile, Bitcoin's price retreats due to tightening macro liquidity. Despite sustained inflows into Bitcoin ETFs, elevated oil prices and tight monetary policy may continue to suppress performance of both asset classes in the near term.

On March 20, a prediction market showed two high-win-rate addresses invested $9,700 in the "Will the US military invade Iran?" event, selecting "No." The current probability for "No" in this event is 40%. Trump stated during a meeting with Japan's Prime Minister that he would not deploy US military forces, while the Defense Secretary reiterated US military objectives. Trader behavior indicates short-term arbitrage rather than betting on the actual occurrence of the event.

On March 20, the three major U.S. stock indices fell collectively, and precious metals came under pressure as the overall market weakened. SanDisk (SNDK) rose against the trend, gaining 2.44% and reaching a new high, currently trading at 774 dollars. Among on-chain long whale holders, the largest position holder's profits increased significantly, with floating gains rising from 840,000 dollars to 1.43 million dollars.

Solana blockchain stablecoin supply reaches $17.9 billion all-time high, with USDC accounting for over 56%. Its stablecoin transfer volume surpasses Ethereum and Tron, demonstrating efficiency in payments and fund flows, highlighting its competitive advantage amid economic volatility.