Bitcoin drops below $70K as the Federal Reserve holds rates steady and signals fewer cuts ahead. Oil surge and inflation fears weigh on crypto markets.
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The Federal Reserve held interest rates steady at 3.50-3.75% amid Iran conflict uncertainty. Bitcoin fell 4% to $71,600 as markets declined on March 18.
The Federal Reserve held interest rates steady at 3.50-3.75% on March 18 as Middle East tensions cloud the outlook. Bitcoin dropped 4% to $71,600.
Cango (CANG) suffered a $452.8M loss in its first year mining Bitcoin. The company is now pivoting to AI as EcoHash after selling $305M in BTC.