Fed Rate Hike Expectations Rise, Bitcoin Weakens, Oil Prices Rebound

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On March 27th, according to HTX market data, as the latest pricing in interest rate futures suggests the Federal Reserve will raise rates by approximately 15 basis points by the end of the year, Bitcoin has experienced a volatile downturn. This morning, it briefly fell to $68,153 before trading at $68,701, a 3.69% decrease in the past 24 hours. Over the last 24 hours, the entire network saw liquidations totaling $330 million, with long positions accounting for $290 million and short positions for $40.08 million. US stocks closed on Thursday with international oil prices regaining upward momentum, while the three major indices closed lower under pressure. The Dow Jones Industrial Average preliminarily closed down 1%, the S&P 500 fell 1.7%, and the Nasdaq Composite Index dropped 2.38%. US-listed cryptocurrency-related stocks also declined in tandem. Circle closed down 5.37% at $98.28; Coinbase closed down 4.26% at $173.38; and Strategy closed down 4.43% at $132.96.

BTC-2,76%
HTX-0,04%
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