{"id":1684,"date":"2026-03-21T13:55:11","date_gmt":"2026-03-21T13:55:11","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=1684"},"modified":"2026-03-21T13:55:11","modified_gmt":"2026-03-21T13:55:11","slug":"bitcoin-faces-resistance-near-70k-after-rejection-at-76k-as-fed-keeps-rates-steady-weekly-summary","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/03\/21\/bitcoin-faces-resistance-near-70k-after-rejection-at-76k-as-fed-keeps-rates-steady-weekly-summary\/","title":{"rendered":"Bitcoin Faces Resistance Near 70K After Rejection at 76K as Fed Keeps Rates Steady: Weekly Summary"},"content":{"rendered":"\n
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The Federal Reserve decided to keep interest rates unchanged, which aligned with expectations, yet bitcoin continued to struggle following the announcement.<\/p>\n\n\n\n

It was another major week for global markets. Tensions in the Middle East remained unresolved, while in the United States, the Federal Reserve held its second FOMC meeting of the year.<\/p>\n\n\n\n

About a week earlier, bitcoin had climbed close to 74,000 for the second time within ten days. It was rejected again and dropped toward 70,000 over the weekend, especially after the United States carried out a major bombing operation on Iranian infrastructure, described by the President as one of the most severe.<\/p>\n\n\n\n

Despite this, bitcoin held around 70,000 and quickly recovered at the start of the new week. The rebound gained momentum on Monday and especially Tuesday, when the price reached 76,000, its highest level in nearly six weeks.<\/p>\n\n\n\n

The rally did not last. By Wednesday, bitcoin had slipped back to around 74,000. Just hours before the FOMC meeting, the price fell sharply from about 74,400 to 71,200. After the Fed confirmed no change in interest rates, bitcoin briefly recovered to around 72,000.<\/p>\n\n\n\n

Comments from the Federal Reserve Chair raised concerns about inflation and the broader economy, which led to further losses the next day. Bitcoin dropped to approximately 68,800 on Thursday. It later rebounded above 71,000 but was rejected again and is now struggling to remain above 70,000. Over the past week, it has lost nearly 5 percent of its value, underperforming several altcoins such as ETH and XRP.<\/p>\n\n\n\n

Meanwhile, other cryptocurrencies including HYPE, TRX, TAO, and HTX recorded notable gains during the same period. This slightly reduced bitcoin\u2019s market dominance by more than half a percent.<\/p>\n\n\n\n

Market Overview<\/strong><\/p>\n\n\n\n

Total market capitalization stands at 2.48 trillion dollars, with 24 hour trading volume at 96 billion dollars and bitcoin dominance at 56.3 percent.<\/p>\n\n\n\n

Bitcoin is priced at 69,800, down 4.6 percent<\/p>\n\n\n\n

Ethereum is at 2,125, down 2.4 percent<\/p>\n\n\n\n

XRP is at 1.43, down 0.2 percent<\/p>\n\n\n\n

Key Crypto Headlines This Week<\/strong><\/p>\n\n\n\n

Strategy made headlines with a major bitcoin purchase worth 1.57 billion dollars. The company acquired 22,337 BTC, bringing its total holdings to 761,068 BTC, accumulated at a cost exceeding 57.6 billion dollars.<\/p>\n\n\n\n

Mastercard expanded its involvement in crypto by acquiring stablecoin payments firm BVNK in a deal valued at 1.8 billion dollars. The company aims to strengthen its support for digital assets and cross border value transfers.<\/p>\n\n\n\n

The United States Securities and Exchange Commission clarified its stance on crypto regulation. It explained how federal securities laws apply to certain digital assets and introduced a classification system that includes digital commodities, collectibles, tools, stablecoins, and securities.<\/p>\n\n\n\n

Argentina ordered a nationwide ban on Polymarket after a Buenos Aires court ruled that the platform was operating as an unauthorized betting service.<\/p>\n\n\n\n

Two major crypto exchanges announced significant layoffs. Gemini reduced its workforce by 30 percent, leaving 445 employees, while Crypto.com revealed plans to cut 12 percent of its staff. Both companies cited a shift toward artificial intelligence as a key reason.<\/p>\n\n\n\n

Bitcoin exchange traded funds recorded some of their highest trading volumes ever within the past month. Data from Santiment suggests this surge reflects renewed institutional interest in bitcoin ETFs.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Federal Reserve decided to keep interest rates unchanged, which aligned with expectations, yet bitcoin continued to struggle following the announcement. It was another major week...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1684","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/1684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=1684"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/1684\/revisions"}],"predecessor-version":[{"id":1686,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/1684\/revisions\/1686"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=1684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=1684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=1684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}