News

BlockBeats News, March 25th. Impacted by the Middle East situation, Turkey's foreign exchange reserves have rapidly declined, raising concerns in the market about its exchange rate stability. Data shows that in the past three weeks, the Turkish central bank has intervened in the market with about $30 billion to support the lira. Analysts pointed out that under the dual pressure of foreign capital outflows and soaring energy costs, Turkey may be forced to sell or use its gold reserves through swaps to supplement foreign exchange liquidity. Currently, its gold reserves exceed $100 billion. Affected by the conflict, international oil prices have sharply risen, further exacerbating Turkey's current account deficit and inflationary pressure. The market generally expects that if the situation persists, Turkey may face currency depreciation and interest rate hike pressure.

According to ChainCatcher, a recent crypto weekly report released by a certain exchange shows that the overall market experienced pressured corrections over the past week, with BTC and ETH declining by 6.8% and 5.8% respectively. The Fear and Greed Index dropped to 8, entering the "extreme fear" range. Despite weak price performance, capital flows remained resilient. BTC and ETH spot ETFs recorded net inflows of approximately $767 million and $161 million respectively, indicating continued institutional positioning. Overall, the total crypto market capitalization fell by about 5.5%, with the market in a phase of sentiment recovery and structural divergence. On the macro level, the Fed kept interest rates unchanged, and the situation in the Middle East drove up energy prices, raising concerns about stagflation risks. Meanwhile, the integration between traditional finance and the crypto market continues to deepen, with Morgan Stanley and Grayscale advancing their Bitcoin and Hyperliquid ETF initiatives, while exchanges relaxed derivative trading restrictions, further broadening institutional participation. In addition, the institutionalization trend in the prediction market sector is accelerating, with Kalshi completing over $1 billion in financing and reaching a valuation of $22 billion. In terms of investment and financing, 11 deals were completed last week, with disclosed total funding reaching $1.18 billion. Infrastructure accounted for 64%, making it the main destination for funds. Overall, amid heightened market volatility, capital continues to flow into core infrastructure and emerging narratives, keeping the industry's long-term development momentum steady.

Foresight News reports that, according to monitoring by BitcoinTreasuries.NET, the US asset management company AllianceBernstein, which manages $880 billion in assets, has reiterated its buy rating on the Bitcoin treasury company Strategy (MSTR) with a target price of $450.