The U.S. Federal Reserve joins six other central banks this week in critical rate decisions that could shape global market direction. Geopolitical tensions and inflation risks weigh on sentiment, with bitcoin trading near historic lows despite long-term macro support.
André Dragosch, European head of research at Bitwise, said bitcoin is at its "biggest macro discount" on record, with investor sentiment comparable to post-FTX collapse levels. He views current volatility as a potential buying opportunity.
Key macro data includes U.S. PPI, jobless claims, and factory orders. The Fed’s decision on March 18 is expected to hold rates steady at 3.50%-3.75%, followed by Chair Powell’s press conference.
Australia's Senate backs new crypto regulations, endorsing the Corporations Amendment (Digital Assets Framework) Bill 2025 to license and regulate digital asset platforms under existing financial laws.
In crypto developments: Backpack prepares for its token generation event; Walrus sets migration deadline; Lava Network expands across 17 new chains. Binance lists Katana (KAT), and LayerZero (ZRO) faces a major token unlock.
Earnings spotlight hits Gemini (GEMI), Bakkt (BKKT), and Bitcoin Depot (BTM). Market watchers eye results for signs of institutional resilience.