Crypto Macro News and Global Policy Updates

Gate News: According to the latest Gate TradFi data, UK100 (FTSE 100) has dropped by 1.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Gate News reported that on March 20, Morgan Stanley's Bitcoin ETF application made new progress, with the product receiving the ticker symbol MSBT and will be listed and traded on the NYSE Arca platform.

US-Iran tensions are escalating, with markets beginning to price in prolonged conflict, impacting oil, shipping, and supply chain costs. Investors are focusing on hard assets and related resource sectors, while facing stagflation risks. It is recommended to adopt defensive trading strategies and currency diversification.

On March 20, Federal Reserve Chair Powell's investigation reached a stalemate, affecting Kevin Warsh's potential succession. The U.S. Department of Justice supported the appeal, intensifying legal disputes that could delay Warsh's appointment. Former President Trump shifted his stance to support the appeal, with the controversy continuing to unfold.

The UK, France, Germany, Italy, the Netherlands, and Japan released a joint statement on the 19th, committing to take "appropriate measures" for navigation safety in the Strait of Hormuz, but did not specify concrete actions, leaving political flexibility. The statement condemned Iran's attacks on commercial vessels, demanded its compliance with international law, and supported increased production to stabilize energy markets. This declaration has sparked external scrutiny and analysis, particularly regarding the ambiguity of the term "appropriate measures."

Galaxy has warned about risks to Bitcoin posed by quantum computing advancements, prompting industry debate and criticism of Bitcoin Core developers.

On March 20, Bitcoin price fell to $70,071, with a 24-hour decline of 1.51%. The entire network saw liquidations of $407 million, US stock indices declined across the board, most crypto-related stocks moved lower, and WTI crude oil price dropped below $94/barrel.

Gate News reported that on March 19, U.S. new home sales data for January showed that the sales pace had slowed to its slowest level since 2022. The data indicated that new homes in the Bloomington area of Minnesota were starting at 500,000 dollars. New home sales data is one of the important economic indicators for measuring the health of the U.S. real estate market.

Gate News Report: On March 19, recent UK labor market data showed that the average wage growth rate (a metric measuring wage increases) has declined to 3.8%, while the unemployment rate remained stable amid economic uncertainty. This data reflects the latest conditions of the current UK labor market.

Israeli Prime Minister Netanyahu's speech prompted oil prices to decline and reduced market tension. The crypto market continued to weaken, with Bitcoin briefly falling below 69K. ETF outflows indicate institutional profit-taking, and the Fear and Greed Index has retreated into the fear zone.

Jeff Bezos is considering a $100 billion fund for AI-driven manufacturing, targeting investments in chipmaking, defense, and aerospace to boost manufacturing capabilities in key sectors.

Gate News: On March 19, according to AXIOS, Anthropic and the U.S. Department of Homeland Security will meet in a closed-door meeting on March 20. The discussions between the two parties will focus mainly on model distillation and export control issues, with disputes with the Pentagon not being at the core of the discussion.

Gate News reports that on March 19, the European Central Bank (ECB) stated it is seeking specialized technical personnel to advance digital euro integration into payment infrastructure such as ATMs and bank card terminals.

Gate News reported that on March 19, T. Rowe Price, an American asset management company with assets under management of $18 billion, filed an application with regulators to include Dogecoin (DOGE) in its actively managed cryptocurrency ETF. The ETF will hold 5 to 15 digital assets. Meanwhile, market data shows that some investors are paying attention to investment opportunities in the Taurox (TAUX) project.

The CME FedWatch tool indicates a 7.2% probability of a 0.25% interest rate increase by the Federal Reserve in April, with a 92.8% chance of rates staying the same. By June, there's a 9.2% chance of a cumulative rate hike and a 90.6% likelihood of rates remaining unchanged.

JPMorgan report indicates that decentralized exchange Hyperliquid is attracting an increasing number of non-crypto traders, particularly when Middle East tensions escalated, crude oil trading volume surged significantly, becoming the third-largest trading product, reflecting rising market demand for 24/7 trading of traditional assets. Hyperliquid employs an on-chain order book model, providing a more precise trading experience.

On March 19, non-USD currencies rose while the US Dollar Index fell over 1%. Multiple central banks held meetings this week and decided to maintain interest rates unchanged, remaining vigilant about inflationary risks from rising energy prices. Markets are concerned about escalating tensions in Iran and stagflation risks.

American investment bank Raymond James raised its price target for Nvidia stock to $323, believing the company will achieve $12 billion in sales, demonstrating strong demand and growth prospects. Nvidia's revenue for this quarter is expected to grow 78%, with a forward price-to-earnings ratio lower than the S&P 500 index.

Gate News reported that on March 19, Tuesday, major U.S. stock indices closed lower as investors continued to monitor economic signals. Specific decline figures and performance data for each index have not yet been disclosed.

Gate News: On March 19, according to SoSoValue data, US spot cryptocurrency ETFs experienced a net outflow of approximately $219.5 million that day, with Bitcoin ETFs seeing a net outflow of $163.5 million, with a Bitcoin ETF under a certain asset management institution leading the decline. (Note: The original text did not fully disclose specific outflow data for Ethereum ETFs and other products.)