Good morning, everyone. Let's summarize the performance of the cryptocurrency market yesterday.


On March 19, the cryptocurrency market rallied across the board, with Bitcoin rising over 3% during the day, breaking the $84,000 threshold, and Ethereum surging over 7%, returning above the $2,000 mark. This rebound is closely related to the political turmoil in Turkey, where the lira plunged more than 10% against the dollar, prompting investors to turn to USDT and other dollar-pegged assets, leading to a spike in BTC/TRY trading volume to a one-year peak. At the same time, the market is watching the Federal Reserve's upcoming interest rate decision with a generally expected maintenance of rates, boosting the shares of crypto-related stocks in the U.S., with CleanSpark, TeraWulf, and others rising over 5%. However, the extreme volatility resulted in over 88,000 liquidations within 24 hours, totaling $213 million, with a significant proportion of Ethereum's largest individual liquidations. Short-term market optimism is intertwined with geopolitical risks, and future trends will need to focus on Federal Reserve policy guidance and global economic movements.
BTC-1.14%
ETH-2.99%
PI-6.84%
XRP-9.8%
OM-10.05%
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