24x7 Flash News
Stay informed with accurate and timely crypto news — from Bitcoin to altcoins to DeFi, Web3, and market trends.
Phemex Crypto Market Daily: BTC, ETH Rally; Pi Network Soars on Kraken Listing, Fed Decision Looms (Mar 13)
Key Takeaways:
1. Macro Environment Oil prices surged above $100/barrel after Iranian attacks, fueling inflation risk and delaying Fed rate cuts. The US Dollar Index rose 0.52% to 99.746, tightening global liquidity and pressuring crypto prices. The FDIC plans to exclude payment stablecoins from deposit insurance, raising risk for stablecoin holders. 2. Crypto Market The crypto market saw broad gains, with BTC up 2.19% to $71,510 and ETH rising 3.46% to $2,120, supported by strong ETF inflows and DeFi activity. PI Network (PI) surged 31.1% on Kraken listing news, RIVER (RIVER) jumped 23.8% on DeFi partnership momentum, and SKY (SKY) gained 4% as its stablecoin hit record circulation. Altcoins led by DeFi and exchange tokens outperformed, driven by ecosystem growth and major listings. 3. Today's Outlook Today, the US Federal Reserve will announce its interest rate decision and economic projections, with markets focused on inflation and geopolitical risks. WhiteBIT will unlock $4.18B WBT tokens (56.55% of supply) in a major cliff event, potentially impacting exchange token dynamics.
