$ALEO Gate News: On March 22, affected by Trump's 48-hour ultimatum to Iran and threats to strike power infrastructure, Bitcoin fell sharply over the weekend, breaking through the $69,200 level, with a 24-hour decline of approximately 2.2% and an intra-week decline expanding to 3.1%. Dragged down by market sentiment, major crypto assets weakened in tandem: Ethereum fell to approximately $2,114, while XRP, BNB, Solana, and Dogecoin all recorded varying degrees of decline. The Federal Reserve maintained interest rates unchanged this week, and its dovish stance should have supported risk assets; however, persistent geopolitical risk news prevented traders from making large unidirectional bets. The rally previously driven by market ceasefire expectations rapidly reversed over the weekend. Should Iran fail to restore passage through the Strait of Hormuz within the deadline, the conflict could escalate further to the energy infrastructure level, combined with approximately 20% of global oil and natural gas transportation being disrupted.
$ALEO Gate News: On March 22, affected by Trump's 48-hour ultimatum to Iran and threats to strike power infrastructure, Bitcoin fell sharply over the weekend, breaking through the $69,200 level, with a 24-hour decline of approximately 2.2% and an intra-week decline expanding to 3.1%. Dragged down by market sentiment, major crypto assets weakened in tandem: Ethereum fell to approximately $2,114, while XRP, BNB, Solana, and Dogecoin all recorded varying degrees of decline. The Federal Reserve maintained interest rates unchanged this week, and its dovish stance should have supported risk assets; however, persistent geopolitical risk news prevented traders from making large unidirectional bets. The rally previously driven by market ceasefire expectations rapidly reversed over the weekend. Should Iran fail to restore passage through the Strait of Hormuz within the deadline, the conflict could escalate further to the energy infrastructure level, combined with approximately 20% of global oil and natural gas transportation being disrupted.