Crypto: the bulls may have their horns broken

The crypto market cap has fallen to $2.42 trillion, under pressure from sellers alongside risk assets, as the Fed pushes the next rate cut further into the future, boosting the dollar’s appeal. The decline also coincided with the upper boundary of the corrective rebound being touched. It is possible that cryptocurrencies were simply unable to ignore the significant deterioration in external sentiment, but they may soon return to outperforming other assets. Overall, however, we maintain a more pessimistic view, anticipating the bear market will continue, with bulls likely to be beaten soon, not least due to macro factors.

Bitcoin has fallen by 8.4% from its latest peak on Tuesday morning and briefly dipped below $70K at the start of the day on Thursday. At these levels, BTC is testing the 50-day moving average from above. As we have repeatedly warned previously, the upward momentum will face significant resistance at the boundary of a typical correction from the latest downward impulse. The leading cryptocurrency has more room to move within the $65K–$75K range. Breaking out of this range may require more momentum to determine the market’s direction for the coming days or weeks.

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The dollar is back on the offensive

The Fed’s intention to keep rates steady is helping the greenback.

The Bank of Japan's measured tone has helped steady the yen, preventing a sharper selloff.

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⚠️ UK — Bank of England Interest Rate Decision at 03:00 GMT

✔️ Prev: 3.75%

🕒 Exp: 3.75%

🎯 Fact.: 3.75%

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⚠️ UK — MPC Official Bank Rate Votes at 03:00 GMT

✔️ Prev: 0-4-5

🕒 Exp: 0-2-7

🎯 Fact.: 0-0-9 📈

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⚠️ USA — Unemployment Claims at 03:00 GMT

✔️ Prev: 213K

🕒 Exp: 215K

🎯 Fact.: 205K 📈

⚠️ EU — ECB Interest Rate Decision at 03:00 GMT

✔️ Prev: 2.15%

🕒 Exp: 2.15%

🎯 Fact.: 2.15%

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🇺🇸 US pre-market: Mostly negative 📉

Major technology and consumer companies are trading lower, indicating a decline in risk appetite.

In the Electronic Technology sector, NVIDIA (NVDA) shares are down by -0.81%, whilst Apple (AAPL) shares are hovering around the zero mark, gaining just +0.02%.

In the Technology Services sector, Alphabet (GOOGL) shares are down -0.66%, whilst Microsoft (MSFT) shares are down -0.27%.

In the Consumer Durables sector, Tesla (TSLA) is down by -1.32%, whilst in the Retail sector, Amazon (AMZN) shares are under pressure, falling by approximately -0.20%.

The correction is affecting the largest-cap companies, with pre-market trading reflecting risk aversion within the US market. In this environment, demand for safe-haven dollar assets, including US Treasury bonds, may rise moderately, which supports the dollar and limits its weakness against major currencies until there are signals of a softening in Fed policy or signs of a sustained reversal in risk appetite.

⚠️ EU — ECB Press Conference at 13:45 GMT

The S&P 500 is declining, but not too scared

The escalation of the conflict in the Middle East, the acceleration in producer prices in December, and the Fed’s intention to keep rates high for a long time are forcing US stock indices into a correction. This combination of factors paints a stagflationary picture for the US economy, which is bad for shares.

Now, usually when we see this kind of uncertainty, broad stock indices tend to sell off quite quickly. But US stocks have been surprisingly resilient. Yes, the VIX fear index did spike above 35 in the early days of the conflict, but volatility has since pulled back to February levels, with only a slight uptick more recently.

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McDonald’s Wave Analysis – 19 March 2026

- McDonald's broke support zone

- Likely to fall to support level 300.00

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EURNZD Wave Analysis – 19 March 2026

- EURNZD reversed from resistance zone

- Likely to fall to support level 1.9535

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Uniswap Wave Analysis – 19 March 2026

- Uniswap reversed from resistance zone

- Likely to fall to support level 3.235

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Gold Wave Analysis – 19 March 2026

- Gold broke support zone

- Likely to fall to support level 4400.00

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🗓 Economic Calendar at 2026/03/20 (GMT)

01:00 🇨🇳 Loan Prime Rate — Exp: 3.00% | 3.50% Actual: 3.00% | 3.50%

10:30 🇷🇺 ⚡️ Key bank rate — Exp: 15.0% Actual: 15.0%

12:30 🇨🇦 Retail Sales — Exp: 1.4% | 1.2% Actual: 1.1% | 0.8%


[Updated in real time]

⚠️ Russia — Key bank rate at 03:00 GMT

✔️ Prev: 15.5%

🕒 Exp: 15.0%

🎯 Fact.: 15.0%

🇺🇸 US pre-market: Mostly negative 📉

Major names are mostly trading lower, reflecting investors’ flee from risk within the US equity market.

In the Financials sector, Berkshire Hathaway (BRK.B) shares are virtually unchanged, down 0.04%, whilst JPMorgan Chase (JPM) shares are down 0.43%.

In the Technology sector, NVIDIA (NVDA) shares are down 0.29%, whilst Apple (AAPL) shares are under pressure and down 0.78%.

In the Technology Services sector, Microsoft (MSFT) shares are down by -0.57%, whilst Alphabet (GOOGL) shares are losing -0.60%.

The overall picture points to a sell-off dominating the megacap segment, which is boosting demand for safe-haven dollar assets, including US Treasury bonds. Under these conditions, the dollar is receiving short-term support, and the currency market is shifting towards a moderate strengthening of the US currency due to domestic capital flows from equities into risk-free instruments.

▶️ Pro News Weekly: Markets Shake, Dollar Soars

Welcome to Pro News Weekly!

💵 U.S. dollar strengthens further as surging oil prices, hawkish Fed expectations and geopolitical tensions reinforce its safe-haven appeal

📊 U.S. stock indices enter correction territory as persistent inflation, high interest rates and global uncertainty weigh on investor sentiment

🪙 Gold loses momentum as rising yields and a stronger dollar trigger selling pressure despite ongoing geopolitical risks

₿ Bitcoin faces headwinds from high energy costs and tighter monetary conditions, though ETF inflows continue to provide underlying support

Will stagflation risks and central bank policies continue to drive the dollar higher, or are markets approaching a turning point?

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Silver Wave Analysis – 20 March 2026

- Silver broke round support level 70.00

- Likely to fall to support level 65.00

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FTSE 100 Wave Analysis – 20 March 2026

FTSE 100: ⬇️ Sell

- FTSE 100 broke support zone

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DAX Wave Analysis – 20 March 2026

- DAX broke long-term support level 23000.00

- Likely to fall to support level 21500.00

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CHFJPY Wave Analysis – 20 March 2026

- CHFJPY reversed from the support zone

- Likely to rise to resistance level 203.60

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