The U.S. stock market continues to have a significant impact on cryptocurrencies. After 18:00 last night, major U.S. stocks experienced notable declines, which directly dragged Bitcoin down from 74000 to 71000. This downturn also transmitted to the altcoin market.

However, the rebound period from this round of selling was extremely short, and by this morning, prices had already fallen to lower levels than yesterday afternoon.

Despite Powell's hawkish remarks warning of inflation risks from regional conflicts, suggesting the Federal Reserve may not cut rates this year, the market has already priced in these developments in advance. The rate decision and statement did not come as a surprise.

As the quarterly futures expiration week approaches, without any major impact events, Bitcoin may enter a period of relatively low volatility.