{"id":112843,"date":"2025-03-17T11:07:37","date_gmt":"2025-03-17T07:07:37","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=112843"},"modified":"2025-03-17T11:07:40","modified_gmt":"2025-03-17T07:07:40","slug":"bitcoin-drops-as-traders-brace-for-federal-reserve-decision","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-drops-as-traders-brace-for-federal-reserve-decision\/03\/17\/market-updates\/","title":{"rendered":"Bitcoin Drops as Traders Brace for Federal Reserve Decision"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p><strong>Bitcoin (BTC)<\/strong> fell on <strong>Monday<\/strong>, extending its <strong>weekly decline<\/strong> as investors remained cautious ahead of the <strong>U.S. Federal Reserve\u2019s interest rate decision<\/strong> later this week.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin Price:<\/strong> <strong>Down 1.6%<\/strong> to <strong>$83,191.20<\/strong> by <strong>01:57 ET (05:57 GMT)<\/strong><\/li>\n\n\n\n<li><strong>Weekly Performance:<\/strong> <strong>Over 1% loss<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Crypto Markets on Edge Amid Fed Decision and Tariff Concerns<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>Federal Reserve\u2019s policy meeting (March 18-19)<\/strong> is expected to <strong>keep interest rates steady<\/strong>, but investors are closely watching for any commentary on <strong>economic conditions and inflation<\/strong>.<\/li>\n\n\n\n<li>Market participants are also analyzing <strong>President Donald Trump\u2019s tariff policies<\/strong>, which could impact <strong>inflation outlooks and future monetary policy<\/strong>.<\/li>\n\n\n\n<li>In <strong>December 2024<\/strong>, Bitcoin surged past <strong>$108,000<\/strong> following <strong>Trump\u2019s election victory<\/strong>, fueled by expectations of <strong>crypto-friendly regulations<\/strong>.<\/li>\n\n\n\n<li>However, the Fed\u2019s <strong>hawkish stance<\/strong> and ongoing <strong>trade tensions<\/strong> have since dampened enthusiasm in the <strong>crypto market<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>21Shares to Liquidate Two Crypto ETFs<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Crypto asset manager 21Shares<\/strong> announced the <strong>closure of two ETFs<\/strong> amid the <strong>market downturn<\/strong>:\n<ul class=\"wp-block-list\">\n<li><strong>ARK 21Shares Active Bitcoin Ethereum Strategy ETF (NYSE: ARKY)<\/strong><\/li>\n\n\n\n<li><strong>ARK 21Shares Active On-Chain Bitcoin Strategy ETF (NYSE: ARKC)<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Trading will stop on March 27<\/strong>, and shareholders will receive <strong>cash distributions<\/strong> after liquidation.<\/li>\n\n\n\n<li>Despite the closures, <strong>21Shares and ARK Investment Management<\/strong> reaffirmed their commitment to <strong>expanding regulated crypto products<\/strong> in the <strong>U.S. market<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Broader Crypto Market Performance<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ethereum (ETH):<\/strong> <strong>Down 1.8%<\/strong> to <strong>$1,897.36<\/strong><\/li>\n\n\n\n<li><strong>XRP:<\/strong> <strong>Dropped 2.4%<\/strong> to <strong>$2.3343<\/strong><\/li>\n\n\n\n<li><strong>Solana (SOL):<\/strong> <strong>Fell 5.1%<\/strong><\/li>\n\n\n\n<li><strong>Cardano (ADA):<\/strong> <strong>Lost 4.4%<\/strong><\/li>\n\n\n\n<li><strong>Polygon (MATIC):<\/strong> <strong>Slipped 2.1%<\/strong><\/li>\n\n\n\n<li><strong>Dogecoin (DOGE):<\/strong> <strong>Down 2.4%<\/strong><\/li>\n\n\n\n<li><strong>Trump-themed token ($TRUMP):<\/strong> <strong>Dropped 5.8%<\/strong><\/li>\n<\/ul>\n\n\n\n<p>With uncertainty surrounding <strong>monetary policy, tariffs, and economic growth<\/strong>, crypto traders are treading cautiously ahead of the <strong>Fed\u2019s next move<\/strong>.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) fell on Monday, extending its weekly decline as investors remained cautious ahead of the U.S. Federal Reserve\u2019s interest rate decision later this week. Bitcoin Price: Down 1.6% to $83,191.20 by 01:57 ET (05:57 GMT) Weekly Performance: Over 1% loss Crypto Markets on Edge Amid Fed Decision and Tariff Concerns The Federal Reserve\u2019s policy &hellip;<\/p>\n","protected":false},"author":9,"featured_media":105265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,39,36],"tags":[],"class_list":["post-112843","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=112843"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112843\/revisions"}],"predecessor-version":[{"id":112844,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112843\/revisions\/112844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105265"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=112843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}