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Crypto
Ceasefire, ETFs and Tesla earnings set crypto market test this week
The cryptocurrency market, which rebounded last week, could return to a volatile phase this week as Middle East geopolitical risks and spot bitcoin ETF fund flows converge. Attention is focused on whether bitcoin can hold around $74,000, a level tied to the average purchase price of spot ETFs. Investors are also watching macroeconomic data, corporate earnings including Tesla, U.S. regulatory deadlines and multiple token unlock schedules.
Crypto
Fed keeps door open to rate cuts this year; internal views split on war risk
The U.S. Federal Reserve held its policy rate at 3.5 to 3.75 percent at its March FOMC meeting but left open the possibility of rate cuts later this year, minutes showed. Many participants judged that lowering the target range could become appropriate over time if inflation falls along the expected path. Others wanted language leaving room for rate hikes if inflation remains above target. The Middle East war emerged as a key variable, with officials saying it is too early to judge economic effects. FedWatch data showed markets expect rates to remain unchanged by December.
Crypto
Crypto lender BlockFills seeks restructuring after halting withdrawals
Crypto trading and lending firm BlockFills has asked consulting firm BRG for restructuring advice, The Block reported on March 6, citing the Financial Times. BlockFills temporarily halted customer deposits and withdrawals last month, citing \"recent market and financial conditions\". It also faces a lawsuit from client Dominion Capital, which alleges improper use of customer funds. The company has appointed BRG\'s Mark Renzi as chief innovation officer and plans to bring in new capital while strengthening governance and financial controls.
