Bitcoin Reaches $75,925 Ahead of Fed Rate Decision and Powell Press Conference on March 18
Bitcoin rose 4.58% to $75,925 with a $1.51 trillion market cap on March 17, while Ethereum gained 8.45% to $2,363.22, pushing global cryptocurrency market capitalization to $2.65 trillion, a report shows. The Federal Reserve will release its policy statement at 2:00 PM Eastern Time on March 18, followed by Chair Powell's press conference at 2:30 PM, with Bitcoin's dominance at 56.9% and total crypto trading volume at $154 billion. The report outlines three potential outcomes for Bitcoin and altcoins under hawkish, neutral, and dovish scenarios tied to the Fed's rate path and cites past patterns where Bitcoin fell after seven of eight FOMC meetings in 2025 and again in January 2026 despite unchanged rates. The Fear & Greed Index stood at 28 on March 17, and U.S. spot Bitcoin ETF flows from Farside Investors on March 18 and 19 will signal how institutions interpret the Fed's stance, with single-day outflows above $200 million or inflows over $300 million serving as key indicators.