BlockBeats News, March 31, Federal Reserve Chairman Powell released a dovish signal on Monday, stating that the policy is currently in a favorable position and can wait to see how the current situation develops. Although the current energy shock continues, long-term inflation expectations still seem stable, and the Fed does not yet need to decide on how to respond to the latest situation. The Fed currently does not know how big the energy shock will be, and it is too early to draw conclusions now. Boosted by this news, market pricing shows that the Fed rate hike bet has been withdrawn, and there is now a possibility of a rate cut this year. However, Powell's statement failed to prevent a weakening of U.S. stocks. As tensions in the Middle East continued to escalate, Trump issued a new threat to Iran, and the three major indices opened high and then fell. According to Bitget data, at the close of the U.S. stock market, the Dow rose by 0.11%, the S&P 500 fell by 0.39%, and the Nasdaq fell by 0.73%.Trump once again threatened Iran on a ceasefire, stating, "The United States is engaged in serious negotiations with a new and more rational regime to end U.S. military actions in Iran. Significant progress has been made, but if for any reason an agreement is not reached quickly (which is likely to happen), and if the Strait of Hormuz is not immediately 'open for business,' we will destroy and completely obliterate all of Iran's power plants, oil wells, and Khark Island (which may also include all desalination plants)." Iran insists that it has not negotiated with the United States since the outbreak of war. In addition, the Iranian parliament has passed a bill to impose tolls on ships passing through the Strait of Hormuz. The toll for an oil tanker could be as high as $2 million. Kuwait Petroleum Corporation stated that its crude oil tanker was attacked in Dubai Port by Iran, causing oil prices to rise again.According to Bitget market data, WTI crude oil surged by 4.00% intraday, now trading at $105.58 per barrel, the first time above $100 since July 2022. Spot gold fell to $4500 per ounce, erasing its intraday gains, with a high of $4580 per ounce. The stock markets in Japan and South Korea opened lower today, with the South Korean KOSPI index opening down 130.16 points, a 2.47% decline, at 5147.14 points. The Nikkei 225 index opened down 447.09 points, a 0.86% decline, at 51438.76 points.On the cryptocurrency front, according to HTX market data, Bitcoin once broke through $68,000 and is now trading at $66,652, a 1.23% increase in the past 24 hours. Ethereum is currently at $2021, up 1.97% in the past 24 hours.

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