Gate News bot message: Gate market data shows BTC has fallen below 65,000 USDT, current price is 64,997.9 USDT.
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Bitcoin drops back to $70,000, the Federal Reserve keeps interest rates steady, and Middle East geopolitical tensions drive oil prices higher
On March 19, Bitcoin pulled back to $70,000, while Ethereum declined to $2,160. The Federal Reserve maintained interest rates unchanged, oil prices rose, and Iran's attack on Gulf energy facilities drove crude oil and natural gas prices to surge. The crypto market saw liquidations of nearly $600 million in positions, with the majority being long positions. Market futures open interest decreased, and mainstream coin funding rates turned negative.
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Paraguay Holds Anti-Crime Seminar Focusing on Cryptocurrency Applications in Organized Crime and Regulatory Responses
On March 19, Paraguay's National Drug Secretariat held a workshop with the American Bar Association to discuss technical capabilities to combat crimes utilizing Bitcoin and other cryptocurrencies, analyze the digitalization trends of transnational criminal networks, and disclose cases of Uruguayan drug traffickers conducting transactions through cryptocurrencies. Paraguay's Tax Administration has already required cryptocurrency trading platforms to report transaction information.
GateNews21m ago
Galaxy: Quantum Computing Poses Real Threat to Bitcoin but Not Urgent Crisis, Approximately 7 Million BTC in Long-Term Exposure State
Galaxy Digital's head of research Alex Thorn points out that quantum computing poses a threat to Bitcoin, but the threat is not urgent and investors need not panic. Approximately 7 million BTC are at long-term risk, but current quantum computing capabilities cannot break the encryption, and developers have already proposed multiple solutions to address the issue.
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Crypto Market Drops As Fear Index Rises and Bitcoin Falls
The global crypto market has faced a decline, with a 4% dip in total market cap to $2.44T. Bitcoin and Ethereum dropped by 4.56% and 5.85%, respectively. Despite these declines, some cryptocurrencies saw significant gains, while DeFi and NFT metrics also fell.
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BlackRock deposits 930 BTC and 12,687 ETH into a certain CEX, with a total value exceeding $93 million.
Gate News reports that on March 19, Onchain Lens monitoring showed that BlackRock deposited 930 BTC (valued at $65.48 million) and 12,687 ETH (valued at $27.75 million) to a certain CEX, and may continue to increase deposits.
GateNews47m ago