I just saw news about the SEC and CFTC finally clarifying the status of crypto assets. They officially classify 16 major cryptocurrencies including Bitcoin, Ethereum, Solana, and XRP as digital commodities. After more than a decade of uncertainty, this is truly an important milestone for the crypto industry.

But do you know, that good news only lasts a short while. Exactly two days later, the Federal Reserve maintained interest rates at 3.50-3.75% and upgraded its inflation forecast for 2026. The market immediately dropped sharply. Bitcoin, which previously looked like it was about to break out, instead fell, and Bitcoin long position liquidations reached over 142 million dollars in just one trading day.

Up to now, Bitcoin is still struggling around the 70 thousand level. I noticed its correlation with gold has reached 92%, so crypto assets now function more as an inflation hedge rather than a growth investment. The problem is, when inflation and geopolitical tensions rise simultaneously, both assets are pressured together, so their protective value diminishes.

Latest data shows Bitcoin at 78 thousand with +4.97% in a week, but the momentum still depends on the next Fed meeting at the end of April. If crypto assets want to recover more solidly, they need support from macro outlook improvements, not just regulatory clarity. Now, it's just waiting to see what the Fed will decide next.