#Gate13周年全球庆典 #加密市场观察 Crypto Daily(03.19): SEC Clarifies BTC and 16 Other Assets as Digital Commodities, Geopolitical Conflict Suppresses Prices but ETF Continues to Attract Capital

I. Bitcoin Price Volatility and Influencing Factors (Geopolitics, Hashrate, Institutional Funds, and Expectations)
1 Middle East conflict escalation triggers market risk-aversion sentiment, Bitcoin retreats from six-week highs, other volatile crypto assets and related concept stocks decline in sync, short-term holders take profits near $70,000 weakening upside momentum.
2 Middle East conflict pushes up energy prices, causing Bitcoin hashrate to decline approximately 8% to 920EH/s, network may undergo 8% difficulty adjustment, creating downward pressure on prices.
3 Citigroup downgrades Bitcoin and Ethereum price expectations for the coming year, as U.S. cryptocurrency legislation progress stalls, Bitcoin target price reduced from $143,000 to $112,000, Ethereum from $4,304 to $3,175.
4 U.S. spot Bitcoin ETF experiences net capital inflows for the third consecutive week, net inflows of 2,492 BTC ($179.33 million) over the past week, Ethereum and SOL ETFs also see capital inflows, institutional confidence rebounds.#Gate广场AI测评官