Gate News Report, March 17 — On the eve of the Federal Reserve’s interest rate decision announcement, Bitcoin briefly reached a high of $75,912 before retreating to around $74,372, indicating persistent selling pressure above a key resistance zone. Despite limited intraday volatility, the weekly performance remains strong, with major cryptocurrencies generally recording significant gains over the past seven days.
Market analysis suggests that this rally is primarily driven by changes in derivatives market structure rather than new spot market inflows. A large number of $60,000 put options were closed, causing market makers to buy spot assets passively to hedge risks, which pushed prices higher. However, when prices fell back below $74,400, buying interest weakened, as this zone had previously served as a long-term support level.
In terms of sector performance, Ethereum rose approximately 13.3% over the past week to $2,316, XRP increased about 11%, Solana about 9.7%, Dogecoin about 9.5%, and BNB around 5%, indicating a short-term risk appetite rebound in the market.
Meanwhile, institutional capital inflows continue to provide support. Data shows that the US spot Bitcoin ETF saw a net inflow of about $767 million last week, marking the third consecutive week of positive inflows, reflecting signs of market recovery. Analysts note that sustained capital inflows can help improve market structure, but whether this trend will continue remains to be seen.
It is also noteworthy that the correlation between Bitcoin and gold is changing. Over the past few months, their relationship has shifted from negative to positive correlation, reigniting discussions around Bitcoin as “digital gold.” Since early March, Bitcoin has outperformed gold significantly.
On the macro front, the Federal Reserve meeting remains the biggest variable. The market generally expects interest rates to stay within the 3.5% to 3.75% range, but the real market impact will come from the dot plot and Chairman Jerome Powell’s statements. With oil prices remaining high and employment data weakening, policy path uncertainty persists.
Analysts believe that without new fundamental catalysts, the current rally driven by short covering may not be sustainable, and future movements will depend on macro signals and capital flow changes.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC drops 0.62% in 15 minutes: net inflows to exchanges and long liquidation stop-losses align, triggering a price pullback
2026-04-14 14:30 to 2026-04-14 14:45 (UTC), BTC saw a -0.62% price pullback within 15 minutes. The candlestick price range fell between 75228.0 and 76043.6 USDT, with an amplitude of 1.08%. Trading volume during this period increased significantly, market attention surged, and short-term volatility intensified.
The main driver behind this unusual move was a sudden surge in the inflow of BTC into major exchanges. Between 14:30 and 14:45, net inflows expanded to approximately +1,200 coins, showing a clear divergence from the average value of the past week.
GateNews2m ago
BTC Breaks $76,000 as Whale Faces $78M Short Liquidation on Hyperliquid
Gate News message, BTC briefly surpassed the $76,000 mark. The whale who previously "Sold 255 $BTC to short" now faces imminent liquidation on their 1,031 $BTC ($78M) short position, with the liquidation price set at $76,420.83. This whale's total loss on Hyperliquid has reached $42.39M.
GateNews10m ago
Whale Address Transfers 670 cbBTC Worth $50M to Major CEX After BTC Rally
A whale address recently transferred 670 cbBTC, valued at $50.11 million, to a major exchange. Initially purchased for $73,837 each, this sale netted a profit of $1.1 million, with the address now holding $556 million in total assets.
GateNews16m ago
Whale Wallet Linked to BTC OG Builds Position in Meme Token, Unrealized Profit Exceeds $15M
Garrett Jin, a prominent BTC whale, withdrew 59 million tokens valued at $4.38 million a month ago. The current worth is $19.5 million, reflecting an unrealized profit of over $15 million.
GateNews17m ago
BTC breaks through 76000 USDT
Gate News bot 消息，Gate 行情显示，BTC 突破 76000 USDT，现价 76000 USDT。
CryptoRadar18m ago
BTC 15-minute surge up 0.93%: Spot buy orders surge, driving the short-term upside
From 2026-04-14 13:30 to 2026-04-14 13:45 (UTC), the BTC price return reached +0.93%, with a fluctuation range of 74500.7 - 75239.2 USDT and an amplitude of 0.99%. During this period, market attention warmed up rapidly; on-chain and spot market trading activity increased significantly, and volatility further escalated.
The main driving force behind this unusual move was a short-term surge in buy orders in the spot market. On-chain monitoring data shows that both the number of active addresses and the number of transactions reached about 420,690; short-term capital continued to flow in, directly
GateNews1h ago
