$ALEO Gate News, on March 22nd, Bitcoin quickly declined over the weekend, breaking through the 69,200 USD level, with a 24-hour decline of approximately 2.2% and an intraweek decline expanding to 3.1%, influenced by Trump's 48-hour ultimatum to Iran and threats to strike power facilities. Dragged down by market sentiment, mainstream crypto assets weakened in sync: Ethereum fell to approximately 2,114 USD, while XRP, BNB, Solana, Dogecoin and others all recorded declines of varying degrees. The Federal Reserve maintained interest rates unchanged this week, and its dovish stance should have supported risk assets, but continuous war risk news has made traders reluctant to make large one-sided bets. The rally previously driven by market ceasefire expectations quickly reversed over the weekend. If Iran fails to restore passage through the Strait of Hormuz within the deadline, the conflict could further escalate to the energy infrastructure level, combined with approximately 20% of global oil and natural gas transportation being disrupted.

ALEO-3.36%
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