Crypto and stocks plunged following the two-day policy meeting, where the U.S. Federal Reserve decided to hold interest rates steady.

The Fed's decision to keep rates unchanged at 3.50% to 3.75%, combined with escalating Middle East tensions and inflation risks, sent Bitcoin tumbling by over 4% to an intraday low of $69,537, according to CoinGecko data.

The Nikkei, gold, and the S&P 500 fell nearly 3.2%, 3%, and 1%, respectively, in response to the FOMC. Though oil prices spiked by more than 2% initially, the gains were eventually undone, with the asset trading down 1% since the policy meeting.

As a result, investor confidence has taken a hit. That is reflected in prediction market Myriad, owned by Decrypt's parent company Dastan, where users now assign a 50% chance that Bitcoin rallies to $84,000 next—down from highs of 63% yesterday.



Adding to the macro-driven selling pressure, two Bitcoin whales offloaded 650 and 5,000 BTC Wednesday, totaling over $117 million, according to on-chain intelligence platform Arkham.

Bitcoin's sudden drop from $75,000 to below $70,000 triggered over $511 million in liquidations across the market over the past 24 hours, according to CoinGlass data, $417 million of which were long positions.

Looking ahead, Bitcoin is likely to stay within a contained range, experts told Decrypt.

"The $70,000–$72,000 zone is emerging as an important near-term support, with ETF inflows helping to absorb supply around these levels," Rachel Lin, CEO of decentralized crypto exchange SynFutures, told Decrypt.

Despite sustained Bitcoin ETF inflows totaling over $2 billion over the past four weeks, Adam Chu, chief researcher at options analytics platform GreeksLive, believes Bitcoin could continue to consolidate.

The March 27 expiry, $14.05 billion in notional open interest, is one of the largest open interest concentrations of the year, with clustering around the $74,000 to $75,000 range.

"With the quarterly settlement week approaching, Bitcoin may enter a period of relatively low volatility unless major events occur," Chu told Decrypt.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。