Digital asset markets have faced significant fluctuations in recent weeks due to challenging macroeconomic conditions. This week, the Federal Reserve’s decision on interest rates can have a notable impact on the market. Despite some stability in the crypto market over the weekend, it faced another decline on Tuesday morning. Last week, sudden tariff announcements by US President Donald Trump disrupted the markets. However, favorable inflation data and a Consumer Price Index (CPI) report below expectations somewhat alleviated market concerns. Consumer sentiment index decreased for the third consecutive month, reaching its lowest level since November 2022, indicating increased concerns about an economic recession. Today, on March 17, the February retail sales report will be released, showing consumer spending on durable and non-durable goods. Also, on Wednesday, the industrial production report will be published, determining production levels in sectors such as manufacturing, mining, and construction. Finally, on Thursday, the Federal Reserve’s second interest rate decision of 2025 will be announced, a key indicator of economic status and inflationary factors. It is expected that the US central bank will maintain the interest rate unchanged on Thursday. According to Fed Watch data, the likelihood of interest rate remaining in the range of 4.25 to 4.5 percent is 99 percent. Market analysts believe there is a possibility of the US government imposing further tariffs, which could increase inflationary pressure. As a result, the Federal Reserve may refrain from reducing its interest rate. In the past 24 hours, the crypto market value decreased by 3.3 percent to $2.8 trillion. The price of Bitcoin fell to $82,000 but has now returned to $83,000. Ethereum also dropped below $1,900 and remains in a downward trend. You can track the prices of all tokens and cryptocurrencies live on the instant digital currency price page.
