{"id":7666,"date":"2026-03-20T11:02:38","date_gmt":"2026-03-20T11:02:38","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=7666"},"modified":"2026-03-20T11:02:38","modified_gmt":"2026-03-20T11:02:38","slug":"bitcoin-defies-drop-below-70000-as-oil-turns-into-a-central-bank-problem","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=7666","title":{"rendered":"Bitcoin defies drop below $70,000 as oil turns into a central-bank problem"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The Fed kept rates unchanged at 3.50%-3.75% on Mar. 18, lifted its 2026 inflation projections to 2.7% for both headline and core PCE, and held to a median year-end fed-funds path of 3.4%.<\/p>\n<p>Chair Jerome Powell said higher energy prices will push up overall inflation in the near term and that the implications of events in the Middle East are uncertain.<\/p>\n<p>One day later, the ECB held its deposit rate at 2.00% but revised its 2026 inflation forecast to 2.6% from 1.9%, with officials believing that the baseline is already outdated by the energy shock, with rate-hike discussions potentially starting at the Apr. 29-30 meeting and action more plausible at the June 10-11 meeting.<\/p>\n<p>Bitcoin reached an intraday low below $69,000 on Mar. 19, below the psychological $70,000 threshold before recovering overnight.<\/p>\n<p>The sequence breaks a narrative that has supported risk assets for months: that major central banks were delaying cuts by a quarter or two.<\/p>\n<p>Markets are now entirely repricing the developed-world policy path. Traders have pushed Fed easing expectations to roughly 14 basis points by December, less than a single quarter-point cut, while fully pricing in two ECB hikes this year, with better-than-even odds of a third.<\/p>\n<p>The Bank of England, which kept its Bank Rate at 3.75%, now trades with a higher probability of a hike than a cut. Bitcoin&#8217;s battle with $70,000 is the fastest visible readout of that liquidity recalculation.<\/p>\n<table>\n<thead>\n<tr>\n<th>Central bank \/ asset<\/th>\n<th align=\"right\">Current rate or level<\/th>\n<th>Latest signal<\/th>\n<th>Inflation shift \/ concern<\/th>\n<th>Market repricing<\/th>\n<th>Bitcoin relevance<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Fed<\/td>\n<td align=\"right\">3.50%-3.75%<\/td>\n<td>Held rates unchanged on Mar. 18<\/td>\n<td>2026 headline PCE raised to 2.7%; core PCE raised to 2.7%; Powell said higher energy prices will push up inflation in the near term<\/td>\n<td>Roughly 14 bps of easing priced by December, less than one full cut<\/td>\n<td>Higher-for-longer U.S. policy weakens a key liquidity tailwind for BTC<\/td>\n<\/tr>\n<tr>\n<td>ECB<\/td>\n<td align=\"right\">2.00% deposit rate<\/td>\n<td>Held on Mar. 19; officials see baseline as outdated by the energy shock; hike talks could start in April, with June more plausible for action<\/td>\n<td>2026 inflation forecast raised to 2.6% from 1.9%; baseline Brent assumption seen as stale<\/td>\n<td>Two hikes fully priced this year, with better-than-even odds of a third<\/td>\n<td>Reinforces that tighter policy is becoming a global, not just Fed, story<\/td>\n<\/tr>\n<tr>\n<td>BoE<\/td>\n<td align=\"right\">3.75%<\/td>\n<td>Held rate; market read the stance as hawkish<\/td>\n<td>Says higher energy prices will push inflation above expectations this year<\/td>\n<td>Higher probability of a hike than a cut<\/td>\n<td>Confirms cross-market repricing across developed central banks<\/td>\n<\/tr>\n<tr>\n<td>Bitcoin<\/td>\n<td align=\"right\">Below $70,000 on Mar. 19; intraday low below $69,000<\/td>\n<td>Fell through a key psychological threshold as central-bank expectations shifted<\/td>\n<td>Not an inflation forecast asset, but trading the inflation\/liquidity shock<\/td>\n<td>Repricing alongside the global higher-for-longer reset<\/td>\n<td>Fastest visible market readout of the new policy path<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>Oil forces the reset<\/h2>\n<p>The Fed&#8217;s March SEP already showed discomfort. The median 2026 fed funds rate remained at 3.4%, versus a current midpoint of 3.625%, implying only one cut in the baseline path.<\/p>\n<p>The longer-run rate rose to 3.1% from 3.0% in December. Powell&#8217;s opening statement was explicit: \u201cIn the near term, higher energy prices will push up overall inflation.\u201d<\/p>\n<p>The Middle East conflict entered its fourth week with no clear resolution, and Brent crude briefly rose above $119 on Mar. 19 before pulling back.<\/p>\n<p>The ECB&#8217;s official baseline assumed a Brent price of $81.30 for 2026, with one ECB source reportedly saying that oil around $110 already makes that assumption stale, and another citing $200 oil as the kind of trigger that could force an April move.<\/p>\n<p>The ECB&#8217;s staff scenarios, published alongside the decision, provide a clearer picture of the scale of the risk.<\/p>\n<p>The baseline assumes oil around $90 in the second quarter of 2026. The adverse scenario peaks near $119.<\/p>\n<p>The severe scenario peaks near $145, lifting euro-area inflation by 1.8% in 2026 and 2.8% in 2027 relative to baseline, which would take headline inflation to 4.4% in 2026 and 4.8% in 2027.<\/p>\n<div class=\"cs-article-embed\">\n<div class=\"cs-article-embed__media\"> <img loading=\"lazy\" width=\"1024\" height=\"538\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/bitcoin-war-oil-1024x538.jpg\" alt=\"Iran conflict could push oil to $150 and crash Bitcoin up to 45%\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" width=\"1024\" height=\"538\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/bitcoin-war-oil-1024x538.jpg\" alt=\"Iran conflict could push oil to $150 and crash Bitcoin up to 45%\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Iran conflict could push oil to $150 and crash Bitcoin up to 45%<\/h3>\n<p class=\"cs-article-embed__summary\">If Hormuz disruption drags past week seven, bank models jump from \u201cmanageable\u201d to $100 $125 $150 stress scenarios.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Mar 6, 2026<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Gino Matos<\/span><\/p>\n<\/div><\/div>\n<p>The IMF&#8217;s rule of thumb offers outside validation: every sustained 10% rise in energy prices for about a year can add 0.4% to global inflation and cut output by 0.1%- 0.2%.<\/p>\n<p>That quantifies why central banks are now less comfortable \u201clooking through\u201d this shock than they were with earlier commodity spikes.<\/p>\n<p>Bank of America had noted on Mar. 16 that a quick resolution could put Brent near $70. Still, the path toward $85 for a longer disruption or $130 for a prolonged conflict now looks more consistent with the energy market&#8217;s direction.<\/p>\n<figure id=\"attachment_525307\" aria-describedby=\"caption-attachment-525307\" style=\"width: 1396px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-525307 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_wpewuuOnHC.jpg\" alt=\"Oil moving beyond central bank baselines\" width=\"1396\" height=\"813\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_wpewuuOnHC.jpg 1396w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_wpewuuOnHC-300x175.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_wpewuuOnHC-1024x596.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_wpewuuOnHC-768x447.jpg 768w\" sizes=\"(max-width: 1396px) 100vw, 1396px\"\/><img decoding=\"async\" class=\"lazyload wp-image-525307 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_wpewuuOnHC.jpg\" alt=\"Oil moving beyond central bank baselines\" width=\"1396\" height=\"813\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_wpewuuOnHC.jpg 1396w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_wpewuuOnHC-300x175.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_wpewuuOnHC-1024x596.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_wpewuuOnHC-768x447.jpg 768w\" data-sizes=\"(max-width: 1396px) 100vw, 1396px\"\/><figcaption id=\"caption-attachment-525307\" class=\"wp-caption-text\">A bar chart shows Brent crude price scenarios ranging from $70 to $145 per barrel, with the Mar. 19 intraday price of $119.2 already exceeding the ECB&#8217;s adverse scenario peak.<\/figcaption><\/figure>\n<h2>Bitcoin as a liquidity barometer<\/h2>\n<p>Bitcoin&#8217;s behavior over the past 48 hours tracks macro sensitivity.<\/p>\n<p>The Fed lifted inflation projections, kept only one cut in its median path, and Powell flagged energy as a near-term headwind.<\/p>\n<p>The ECB raised its inflation forecast, published severe scenarios implying a much uglier inflation trajectory if energy disruption persists, and then some officials already view the baseline as obsolete.<\/p>\n<p>Traders responded by repricing the entire developed-market rate path, and Bitcoin moved first.<\/p>\n<p>The bull case for Bitcoin assumes that diplomatic de-escalation restores energy flows faster than feared, that oil retreats sharply, and that markets decide the March hawkish turn was a war premium rather than a durable policy reset.<\/p>\n<div id=\"cs-inline-newsletter-69bd214c71717\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\">CryptoSlate Daily Brief<\/span><\/p>\n<h3 class=\"cs-inline-newsletter__title\">Daily signals, zero noise.<\/h3>\n<p class=\"cs-inline-newsletter__copy\">Market-moving headlines and context delivered every morning in one tight read.<\/p>\n<p> <span><i class=\"fa-regular fa-bolt\" aria-hidden=\"true\"\/> 5-minute digest<\/span> <span><i class=\"fa-regular fa-star\" aria-hidden=\"true\"\/> 100k+ readers<\/span><\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p class=\"cs-inline-newsletter__privacy\">Free. No spam. Unsubscribe any time.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<p> <i class=\"fa-regular fa-circle-check\" aria-hidden=\"true\"\/> <span>You\u2019re subscribed. Welcome aboard.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>Bank of America&#8217;s quick-resolution path pointed to Brent near $70, though that scenario appears less plausible given the Mar. 19 escalation. In that setup, Bitcoin can confirm a hold above $70,000 and work back toward the mid-$70,000s.<\/p>\n<p>The case depends on central banks returning to a clearly dovish tilt, which requires the energy shock to fade.<\/p>\n<p>The bear case assumes oil stays above current ECB assumptions, the June ECB meeting turns live, and markets fully abandon 2026 Fed easing. Bitcoin then tests the low- to mid-$60,000s.<\/p>\n<p>Citi&#8217;s recession case target of $58,000 serves as the cleanest outside anchor for that downside path.<\/p>\n<p>If the discount rate for risky assets stays higher for longer, Bitcoin loses one of its cleanest cyclical tailwinds, even without any crypto-native negative catalyst.<\/p>\n<div class=\"cs-article-embed\">\n<div class=\"cs-article-embed__media\"> <img loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/fomc-bitcoin-1024x683.jpg\" alt=\"Fed decision tonight will likely decide whether Bitcoin gets past $80k or fall further\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" width=\"1024\" height=\"683\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/fomc-bitcoin-1024x683.jpg\" alt=\"Fed decision tonight will likely decide whether Bitcoin gets past $80k or fall further\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Fed decision tonight will likely decide whether Bitcoin gets past $80k or fall further<\/h3>\n<p class=\"cs-article-embed__summary\">Bitcoin faces $80,000 test as Fed meeting and oil shock dim hopes for rate cuts.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Mar 18, 2026<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Oluwapelumi Adejumo<\/span><\/p>\n<\/div><\/div>\n<figure id=\"attachment_525308\" aria-describedby=\"caption-attachment-525308\" style=\"width: 1506px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-525308 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_Ws0sHDVgwR.jpg\" alt=\"Bitcoin in the higher-for-longer\" width=\"1506\" height=\"812\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_Ws0sHDVgwR.jpg 1506w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_Ws0sHDVgwR-300x162.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_Ws0sHDVgwR-1024x552.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_Ws0sHDVgwR-768x414.jpg 768w\" sizes=\"(max-width: 1506px) 100vw, 1506px\"\/><img loading=\"lazy\" decoding=\"async\" class=\"lazyload wp-image-525308 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_Ws0sHDVgwR.jpg\" alt=\"Bitcoin in the higher-for-longer\" width=\"1506\" height=\"812\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_Ws0sHDVgwR.jpg 1506w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_Ws0sHDVgwR-300x162.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_Ws0sHDVgwR-1024x552.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/brave_Ws0sHDVgwR-768x414.jpg 768w\" data-sizes=\"(max-width: 1506px) 100vw, 1506px\"\/><figcaption id=\"caption-attachment-525308\" class=\"wp-caption-text\">Bitcoin fell to an intraday low of $68,834 on Mar. 19 after the Fed and ECB revised 2026 inflation forecasts higher.<\/figcaption><\/figure>\n<h2>Central banks relearn a 2022 lesson<\/h2>\n<p>Energy shocks do not remain confined to the energy line if they are large enough and persistent enough, and arrive when inflation is not yet fully dead.<\/p>\n<p>The ECB&#8217;s scenario work explicitly assumes stronger indirect and second-round effects than standard models normally produce. The Fed&#8217;s own projections now show inflation at 2.7% in 2026 for both headline and core, well above the 2% target.<\/p>\n<p>The BoE&#8217;s public explainer says higher energy prices will push inflation above expectations this year, that the impact will be greater the longer the war lasts, and that policymakers will do what is necessary to keep inflation on track.<\/p>\n<p>Some investors now see the odds of a Fed hike by year-end creeping higher. That tail repricing hits Bitcoin first because it sits at the intersection of liquidity, risk appetite, and narrative momentum.<\/p>\n<p>Central banks that spent months preparing markets for easing are now updating their frameworks under an energy shock that refuses to behave like a transient supply disruption.<\/p>\n<div class=\"cs-article-embed\">\n<div class=\"cs-article-embed__media\"> <img loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/gold-retail-bitcoin-institution-1024x683.jpg\" alt=\"Retail is rushing into gold, but institutions are buying Bitcoin again \u2013 so why the split?\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" width=\"1024\" height=\"683\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/03\/gold-retail-bitcoin-institution-1024x683.jpg\" alt=\"Retail is rushing into gold, but institutions are buying Bitcoin again \u2013 so why the split?\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Retail is rushing into gold, but institutions are buying Bitcoin again \u2013 so why the split?<\/h3>\n<p class=\"cs-article-embed__summary\">Gold and Bitcoin are no longer rivals \u2014 and the split could catch investors off guard.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Mar 19, 2026<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Oluwapelumi Adejumo<\/span><\/p>\n<\/div><\/div>\n<p>Bitcoin&#8217;s dip below $70,000 is the market&#8217;s fastest visible expression of that recalibration.<\/p>\n<p>The asset is behaving less like an idiosyncratic crypto story and more like a liquidity-sensitive macro barometer, with its policy tailwind being repriced away.<\/p>\n<p>June is the more plausible action window for the ECB, as April would require a further surge in energy prices. Either way, the old \u201ccuts are just delayed a quarter\u201d story is dead.<\/p>\n<p>Bitcoin is now trading on the global realization that the next move from major central banks may not be cuts at all.<\/p>\n<div class=\"post-bottom\">\n<div class=\"post-mentions-and-posted-in\">\n<div class=\"post-info-block post-mentions\">\n<header><span class=\"post-info__label\">Mentioned in this article<\/span><\/header>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Analysis,Featured,Macro#Bitcoin #defies #drop #oil #turns #centralbank #problem1774004558<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Fed kept rates unchanged at 3.50%-3.75% on Mar. 18, lifted its 2026 inflation projections to 2.7% for both headline and core PCE, and held to a median year-end fed-funds path of 3.4%. Chair Jerome Powell said higher energy prices will push up overall inflation in the near term and that the implications of events<\/p>\n","protected":false},"author":1,"featured_media":7667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[91,3449,3448,916,204,1051,912],"class_list":{"0":"post-7666","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum","8":"tag-bitcoin","9":"tag-centralbank","10":"tag-defies","11":"tag-drop","12":"tag-oil","13":"tag-problem","14":"tag-turns"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin defies drop below $70,000 as oil turns into a central-bank problem - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"The Fed held rates but lifted 2026 PCE to 2.7%, and traders are now pricing ECB hikes instead.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=7666\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin defies drop below $70,000 as oil turns into a central-bank problem\" \/>\n<meta property=\"og:description\" content=\"The Fed held rates but lifted 2026 PCE to 2.7%, and traders are now pricing ECB hikes instead.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=7666\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-20T11:02:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/03\/flooded-lobby-bitcoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=7666\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=7666\",\"name\":\"Bitcoin defies drop below $70,000 as oil turns into a central-bank problem - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=7666#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=7666#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/03\/flooded-lobby-bitcoin.jpg\",\"datePublished\":\"2026-03-20T11:02:38+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"The Fed held rates but lifted 2026 PCE to 2.7%, and traders are now pricing ECB hikes instead.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=7666#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=7666\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=7666#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/03\/flooded-lobby-bitcoin.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/03\/flooded-lobby-bitcoin.jpg\",\"width\":1536,\"height\":1024},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=7666#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin defies drop below $70,000 as oil turns into a central-bank problem\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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