Monetary Policy

Gate News message. On March 30, market pricing showed that rate-hike bets on the Federal Reserve had been withdrawn, and pricing shifted instead to the possibility of cuts this year. This reflects a change in the market’s expectations for the Federal Reserve’s monetary policy.

Gate News message, on March 30, Federal Reserve Chair Jerome Powell said he is inclined to ignore supply shocks, but must focus on inflation expectations.

Gate News message: On March 30, a Federal Reserve governor, Milan, said that inflation expectations have not yet been affected by the rise in oil prices.

Gate News reports that on March 30, Federal Reserve Governor Milan publicly stated that the size of the Federal Reserve’s balance sheet (the total assets held by the Fed) is too large and that they hope to reduce it.

Gate News message: On March 30, Federal Reserve Governor Milan said the Federal Reserve could gradually cut interest rates by 1 percentage point within a year.

Traders anticipate a potential interest rate hike from the Bank of Japan due to inflation risks linked to the Iran war. While the BoJ has room to raise rates, Japan's high debt presents challenges, with the yen weakening significantly against the dollar.

Reputed crypto analyst shares detailed explanation on market dump. The expert breaks down several factors to answer why is the crypto market dumping. Besides the geopolitical strife, the Fed and monetary bonds add to the dump. In the final days of the month of March, the price of

According to CoinShares data, as of March 30, digital asset investment products experienced a net outflow for the first time, with an outflow size of $414 million, bringing the total managed size down to $129 billion. The main reasons are the tense situation in Iran and expectations of interest rate hikes, with outflows primarily concentrated in the United States. Both Ethereum and Bitcoin saw significant net outflows, while XRP recorded a net inflow.

The global cryptocurrency market rebounded on March 30, 2026, with a market capitalization of approximately $2.4 trillion, as both Bitcoin and Ethereum saw gains, and market sentiment improved due to easing tensions in the Middle East. Despite the recovery in the spot market, the derivatives market remains volatile, and investors should pay attention to the potential pressures from high energy prices and interest rates.

Following a quiet weekend with little to no actual price moves, bitcoin and the altcoins could be primed for more fluctuations as the business week unfolds due to several big events in the US. Perhaps the two that are likely to attract the most attention will take place on Monday and

Bitcoin is expected to maintain around $67,400 by the end of March 2026, influenced by upcoming U.S. economic data (including Powell's speech, employment, and consumer indicators), which will determine market direction. Expectations of interest rate cuts and resilient economic data will directly impact Bitcoin's movement, with prices likely fluctuating within a key range in the short term.

Federal Reserve Chairman Powell will reiterate his stance on pausing interest rate cuts at Harvard University, emphasizing that he is not in a hurry to adjust rates given the uncertainty in the Middle East situation. He is facing pressure from Trump and a criminal investigation, and the market will closely monitor the impact of his remarks on digital assets and the overall economy.

The governor of the Central Bank of Taiwan, Yang Jinlong, warned in the Legislative Yuan that if oil prices rise to $100 per barrel, the annual CPI growth rate could reach 1.9%, and indicated that monetary policy may shift towards tightening. Global central banks face interest rate hike risks, putting pressure on the cryptocurrency market. The second quarter will be a key period to observe changes in central bank policies, particularly in light of developments in the Middle East situation and inflation expectations.

Due to escalating geopolitical conflicts and macroeconomic uncertainties, approximately $296 million net flowed out of the U.S. spot Bitcoin ETF last week, reflecting a decline in market risk appetite. Although the Bitcoin price rebounded to $67,500, market sentiment remains cautious, with investors anticipating a higher likelihood of Bitcoin dropping to $55,000.

Recently, the US Bitcoin spot ETF experienced significant outflows after seven consecutive trading days of net inflows, with a net outflow of $163.5 million on the 18th and another outflow of $51.9 million on the 19th, indicating a simultaneous weakening of market capital and prices. The price of Bitcoin briefly fell below $70,000, highlighting that the capital flows of the ETF can no longer support its rebound, and the deteriorating macro environment is putting pressure on risk assets, leading to a noticeable contraction in investor preferences. The testing of the $70,000 threshold has become a barometer for short-term market sentiment.

XRP fell 0.81% over the past 24 hours, trading at about $1.33, indicating insufficient bullish momentum. The 《CLARITY Act》 has again been stalled due to regulatory disputes over stablecoin yield rates, with the legislative process stalled for more than a year. XRP’s technical analysis shows downside pressure, with a key support level at $1.30 and a resistance level at $1.38. In the short term, market sentiment remains cautious due to regulatory uncertainty.

Coin Center Executive Director Van Valkenburgh warned that if the CLARITY Act fails to pass, the U.S. government may crack down on cryptocurrency in the absence of clear rules. He emphasized that the current administration's friendly stance has no legal binding, and the lack of legislative protection will increase the legal risks faced by the industry, criticizing operators for focusing only on short-term gains. The bill is stalled in the Senate, mainly due to conflicts of interest between the banking sector and crypto companies.

The conflict between the U.S. and Iran is escalating, with the U.S. intending to seize Iranian oil. The blockade of the Strait of Hormuz has caused oil prices to surge to $115, impacting the global economy. Taiwan's stock market plummeted by over 600 points, and inflation concerns are reshaping market monetary policy expectations, with experts warning of an increased risk of economic recession. The energy market is volatile, and the performance of safe-haven assets is mixed, with gold experiencing a sharp decline, while Bitcoin remains relatively stable, though it still lags behind other assets in the long term.

Gate News reports that on March 30, according to Punchbowl, two sources familiar with the plans revealed that the Senate Banking Committee intends to hold a nomination hearing for Kevin Wash to become the Chair of the Federal Reserve as early as the week of April 13. The exact date remains uncertain and will depend on whether Wash submits complete materials to the committee.