4E: U.S. stocks and Bitcoin fell ahead of the Federal Reserve's decision, while gold reached a new high

ChainCatcher news reports that, according to 4E monitoring, the three major U.S. stock indices ended a two-day rally on Tuesday, with the Nasdaq down 1.71%, the S&P 500 down 1.06%, and the Dow down 0.62%. Tech stocks led the decline, with Tesla plunging 5.34% due to increased competition, and Nvidia's stock dropping 3.35% as new products from the GTC conference failed to boost its price.

The cryptocurrency market experienced a downward trend, dragged down by the weak opening of U.S. stocks. Bitcoin quickly fell to around $81,000 last night, rebounding only after the U.S. stock market closed, and was reported at $82,571 at the time of writing, down nearly 1% in 24 hours. Ethereum rose against the trend by 1.3% to $1,940, possibly boosted by news of the Pectra upgrade. Other major tokens mostly showed slight declines.

In the forex market, the U.S. dollar index continued to weaken, down 0.13%; Russia and Ukraine may reach a temporary ceasefire on energy facilities, causing oil prices to drop nearly 1.00%. Concerns over a U.S. recession, combined with instability in the Middle East, pushed spot gold up over 1.1%, approaching $3,040 and setting a new historical high.

The market is focused on tonight's Federal Reserve monetary policy decision. Although it is widely expected that interest rates will remain unchanged, investors are still looking for insights into policymakers' assessments of the potential impact of the tariff war through the "dot plot" and Powell's remarks at the press conference, as well as clues about when the Fed might cut rates again.