On March 20, the Federal Reserve maintained interest rates unchanged, and Bitcoin price quickly fell back to around $70,000, with a decline close to 5%. Market risk appetite cooled, and Ethereum, Dogecoin, and others also came under pressure, showing the impact of macroeconomic factors on the crypto market. Analysts pointed out that Bitcoin trading will rely on selective fund flows, and high interest rates and geopolitical risks may cause it to maintain a volatile and weak pattern in the short term.