The U.S. stock market continues to have significant impact on cryptocurrency. After 18:00 last night, major U.S. stocks showed notable declines, causing Bitcoin to be directly pulled down from 74000 to 71000. This downtrend also extended to the altcoin market.

However, the rebound from this round of decline lasted an extremely short time, and by this morning, prices have already fallen to lower levels than yesterday afternoon.

Despite Powell's hawkish remarks warning of inflation risks from regional conflicts, under which the Federal Reserve may not cut rates this year, the market has already priced in these circumstances ahead of time. The rate decision and speech were not surprising.

As we approach the quarterly settlement week, without any major impactful events, Bitcoin may enter a period of relatively low volatility in the market.