Renewed Fed rate hike expectations pressure Bitcoin, Pando Blockchain ETF (03112.HK) drops over 3.5% in afternoon trade

NewTimeSpace News:March 27 — According to HTX market data, as interest rate futures now price in approximately 15 basis points of Federal Reserve rate hikes by year-end, Bitcoin has fluctuated lower, dipping to $68,153 in early morning trading. The cryptocurrency currently trades at $68,701, representing a 3.69% decline over the past 24 hours. Pando Blockchain ETF (03112.HK) fell more than 3.5% in afternoon trading.

Pando Blockchain ETF (03112.HK) invests in enterprises benefiting from blockchain development, including infrastructure service providers, application scenario operators, and hardware support companies. Its holdings encompass global blockchain leaders such as Coinbase and Iris Energy, positioning the fund to capitalize on long-term development trends in digital assets and Web 3.0.

Over the past month, Bitcoin has traded range-bound between $60,000 and $75,000—a pattern typically associated with market bottoms. K33 Research notes that decreased ETF distributions coupled with rising supply held for over six months reflect a stabilizing market structure. Research Director Vetle Lunde observes that with Bitcoin trading below $100,000, investors show reduced willingness to exit, providing underlying support for prices.

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