BlockBeats News, March 19th, according to 4E Monitoring, on Tuesday, the three major U.S. stock indexes ended a two-day winning streak, with the Nasdaq falling by 1.71%, the S&P 500 dropping by 1.06%, and the Dow Jones falling by 0.62%. Tech stocks led the decline, with Tesla plummeting by 5.34% due to increased competition, and Nvidia's GTC Conference new products failing to boost its stock price, leading to a 3.35% decline.
In the crypto market, impacted by the downward trend of the U.S. stock market, Bitcoin quickly fell to around $81,000 last night. It rebounded after the U.S. stock market closed, and at the time of the deadline, it was reported at $82,571, a nearly 1% drop in 24 hours. Ethereum, possibly boosted by the Pectra upgrade news, rose against the trend by 1.3%, reaching $1,940. Other major altcoins mostly experienced slight declines.
Regarding commodities, the U.S. Dollar Index continued to weaken by 0.13%; Russia and Ukraine may reach a temporary ceasefire on energy facilities, causing oil prices to fall by nearly 1.00%. Concerns about a U.S. recession combined with Middle East instability drove spot gold prices up by over 1.1%, nearly reaching $3,040, hitting a new all-time high.
The market is focused on tonight's Federal Reserve monetary policy decision. Although it is a market consensus that interest rates are expected to remain unchanged, investors still hope to find clues from the "dot plot" and Powell's press conference on policymakers' assessment of the potential impact of the trade war and when the Fed might cut rates again.
eeee.com, as a financial trading platform supporting assets such as cryptocurrencies, stock indices, commodities like gold, and forex, recently launched a USDT stablecoin financial product with an 8% annualized return to provide investors with a potential hedging option. 4E reminds you to be aware of market volatility risks and to allocate assets reasonably.
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