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Spot crypto ETFs-particularly Bitcoin and Ethereum-saw massive inflows over the past week, the strongest since early this year. BlackRock's IBIT led the way.
Charles Schwab rolled out direct Bitcoin and Ethereum trading while ETF inflows surged, highlighting growing institutional interest amid DeFi weakness.
The S&P 500 slid 0.11% to 6,816.89, and the Dow fell 0.56%, even as the Nasdaq edged up 0.35%. The gains from the week's fragile ceasefire appear to be unraveling amid fresh energy pressures.
U.S. stock futures fell over 1% after President Trump announced a blockade of the Strait of Hormuz, spooking energy markets.
U.S. major stock indices climbed sharply as easing Middle East tensions and lower crude prices boosted investor sentiment.
Crypto markets rose modestly overall, with Bitcoin and Ether inching higher over the past day.
Stocks dropped sharply, with the S&P 500 down about 1.7%, the Dow off 1%, and the Nasdaq sinking around 2.4%, marking a correction for tech-heavy indexes.
Futures markets now price in meaningful odds of a Fed rate hike by year's end, reversing earlier expectations of cuts.
On Friday, March 20, U.S. equity markets dropped sharply across the board-S&P 500 down 1.5%, Dow off 1%, Nasdaq down 2%-as rising oil prices and spiking bond yields damped hopes for near-term rate cuts.
Fed left short-term interest rates unchanged at 3.50-3.75%, flagged only one rate cut expected in 2026, and Powell said he'll stay on until successor confirmed.
Citigroup trimmed its 12-month price targets for Bitcoin and Ethereum, citing delays in U.S. crypto regulatory action.
The Federal Reserve held its benchmark rate at 3.50-3.75% and signaled only one cut this year-burying hopes for faster relief.
February's Consumer Price Index rose 0.3% month-over-month, or 2.4% year-over-year; core CPI (excluding food and energy) also ticked up 0.2% m/m, 2.5% y/y.
Wall Street indexes held steady after the CPI release, showing limited reaction - investors largely expected the inflation numbers.
Bitcoin rebounded above $71,000, buoyed by easing Middle East tensions and growing institutional infrastructure support.
Cryptocurrencies slid as equities wobbled and rate pause bets remained strong.