KEYTAKEAWAYS
- Bitcoin’s volatility reached 3.48%, reflecting low liquidity. The Fed’s rate decision could trigger further price swings.
- The Bank of Japan kept its interest rate at 0.5%, with no direct impact on Bitcoin’s price.
- Binance, OKX, and Bitget were the most downloaded crypto exchange apps in February, showing strong market engagement.
CONTENT
BITCOIN VOLATILITY AT 3.48% TODAY
On March 19, Coinglass data shows that Bitcoin’s volatility has remained high, reaching 3.48% over the past three days, the highest since September 2024. This reflects a certain level of low market liquidity.
The U.S. Federal Reserve will announce its interest rate decision tonight (March 20, 2 AM Beijing time), which is expected to cause a spike in volatility.
ANALYSIS:
In the short term, the market could see significant fluctuations after the Fed’s announcement. If the decision is hawkish (no rush to cut rates), Bitcoin may face selling pressure. If it is dovish, liquidity could flow back into risk assets, boosting Bitcoin’s price.
BANK OF JAPAN KEEPS INTEREST RATE AT 0.5%
The Bank of Japan (BOJ) has decided to maintain its benchmark interest rate at 0.5%. This decision has had no significant impact on Bitcoin’s price. It was expected by the market and helps manage the yen’s appreciation and rising bond yields, especially amid uncertainty from U.S. trade policies under Trump.
ANALYSIS:
While BOJ’s decision did not directly affect Bitcoin, its policies are part of the global liquidity landscape. The market is currently more focused on the Fed’s announcement, which will likely determine Bitcoin’s short-term direction.
TOP 3 CEX APPS IN FEBRUARY: BINANCE, OKX, AND BITGET
On March 19, CryptoDep released a ranking of the most downloaded crypto exchange apps worldwide in February.
- Binance ranked first with 4.83 million downloads.
- OKX came second with 2.47 million downloads.
- Bitget ranked third with 1.57 million downloads.
ANALYSIS:
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