{"id":38491,"date":"2026-03-18T20:39:06","date_gmt":"2026-03-18T20:39:06","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=38491"},"modified":"2026-03-18T20:39:06","modified_gmt":"2026-03-18T20:39:06","slug":"bitcoin-price-fights-for-70000-as-federal-reserve-holds-rates","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=38491","title":{"rendered":"Bitcoin Price Fights For $70,000 As Federal Reserve Holds Rates"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nBitcoin Price Fights For $70,000 As Federal Reserve Holds Rates<\/a><\/p>\n

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The Federal Reserve on Wednesday kept its benchmark interest rate steady, maintaining the federal funds target range at 3.50% to 3.75%. Bitcoin price is fighting to hold $70,000 amid a complex backdrop of elevated inflation, slowing job growth, and war in the Middle East.\u00a0<\/p>\n

The decision marked the second consecutive FOMC meeting with no change in borrowing costs and followed a pause that began after three rate cuts last year.<\/p>\n

Bitcoin price responded<\/a> to the announcement with a drop in trading, changing hands around $70,500, down 3.6% over the previous 24 hours, according to Bitcoin Magazine Pro<\/em>. The cryptocurrency had flirted<\/a> with $76,000 last week, reaching its highest level in over a month, but has since retraced as investors weighed inflation data and global uncertainties.<\/p>\n

Voting members of the Federal Open Market Committee were split for a sixth consecutive policy meeting. Eleven supported holding rates steady, while Fed Governor Stephen Miran dissented, advocating a 25-basis-point cut.\u00a0<\/p>\n

\n
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BREAKING: \"\ud83c\uddfa\ud83c\uddf8\" Federal Reserve leaves interest rates unchanged. pic.twitter.com\/lRijdkYpJb<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) March 18, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

In its statement<\/a>, the FOMC noted that \u201cinflation remains somewhat elevated\u201d and that job gains have remained low, even as the unemployment rate ticked up to 4.4% in February. The Fed emphasized a data-dependent approach to future adjustments, signaling that any decision will rely on incoming economic information.<\/p>\n

The backdrop for the Fed\u2019s policy deliberations included the ongoing war involving<\/a> the U.S., Israel, and Iran, which has pushed energy prices higher. On Wednesday, Bitcoin price fell in tandem with U.S. stocks following reports that Israel struck the South Pars gas field in Iran.<\/p>\n

\u201cUncertainty about the economic outlook remains elevated,\u201d the FOMC said. \u201cThe implications of developments in the Middle East for the U.S. economy are uncertain.\u201d<\/p>\n

Federal Reserve Chair Jerome Powell discussed the implications of rising energy prices at a press conference.\u00a0<\/p>\n

He said, \u201cNear term measures of inflation expectations have risen in recent weeks, likely reflecting the substantial rise in oil prices caused by the supply disruptions in the Middle East.\u201d\u00a0<\/p>\n

He added that it is \u201ctoo soon to know\u201d the full economic impact of the conflict and that policymakers would continue to monitor data closely.<\/p>\n

Bitcoin price reacts to tariffs, rate expectations<\/h2>\n

Powell also highlighted the influence of tariffs on consumer prices, noting that \u201csome big chunk of that, between a half and three-quarters, is actually tariffs.\u201d\u00a0<\/p>\n

He described the current federal funds rate range as within neutral territory and emphasized the importance of central bank independence.\u00a0<\/p>\n

\u201cIndependence is what allows us to do our jobs, and stable prices is half of our mandate, it\u2019s one of our two mandates \u2013 maximum employment being the other,\u201d he said.<\/p>\n

Bitcoin price markets have historically<\/a> been sensitive to interest rate expectations, as lower rates tend to make cryptocurrencies more attractive relative to traditional assets.\u00a0<\/p>\n

Analysts suggest that the combination of higher energy costs, persistent inflation, and geopolitical uncertainty has prompted investors to reduce exposure to riskier assets, including Bitcoin.<\/p>\n

Oil prices continued to climb Wednesday, with Brent crude rising 3.8% to $107.38 per barrel following the attack on the South Pars field.\u00a0<\/p>\n

Despite the recent pullback, Bitcoin price remains above $70,000 for now and has recorded gains of 1.6% over the past week. Traders are watching closely for any signs from Powell or the Fed that could influence future monetary policy.<\/p>\n

Powell\u2019s term as Fed Chair will conclude in May, with former Fed Governor Kevin Warsh expected to succeed him<\/a> if confirmed. Powell\u2019s future on the Board of Governors remains undecided.\u00a0<\/p>\n

He said, \u201cI have no intention of leaving the board until the investigation is well and truly over, with transparency and finality.\u201d<\/p>\n

At the time of writing, the bitcoin price is slightly above $71,000.<\/p>\n

\"bitcoin<\/figure>\n

This post Bitcoin Price Fights For $70,000 As Federal Reserve Holds Rates<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Price Fights For $70,000 As Federal Reserve Holds Rates The Federal Reserve on Wednesday kept its benchmark interest rate steady, maintaining the federal funds target range at 3.50% to 3.75%. Bitcoin price is fighting to hold $70,000 amid a complex backdrop of elevated inflation, slowing job growth, and war in the Middle […]<\/p>\n","protected":false},"author":1,"featured_media":38492,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-38491","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"\nBitcoin Price Fights For $70,000 As Federal Reserve Holds Rates - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=38491\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Fights For $70,000 As Federal Reserve Holds Rates - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Bitcoin Price Fights For $70,000 As Federal Reserve Holds Rates The Federal Reserve on Wednesday kept its benchmark interest rate steady, maintaining the federal funds target range at 3.50% to 3.75%. 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