Gate Research: Market Continues in a Bitcoin-Dominance Phase | Oracle Shares Surge on AI Data Center Strategy

Crypto Market Overview

• BTC (-1.2% | Price: 74,432 USDT): BTC traded between $75,458.6 and $73,387.7 over the past 24 hours, with support near $73,400 and resistance in the $74,800–$75,500 range. On the 1-hour chart, MA5/MA10/MA30 remain bearishly aligned, with short-term MAs below longer-term ones, indicating a weak, range-bound trend. MACD remains in a bearish crossover, with downside momentum easing but not reversing; Bollinger Bands are below the midline, with no strong push toward the upper band. Volume has declined in recent hours, suggesting rebounds need stronger confirmation. BTC remains highly sensitive to the DXY and U.S. real yields amid the Fed’s March meeting and post-inflation repricing. If rate-cut expectations fade alongside a stronger dollar, resistance is likely to hold; if yields decline and risk sentiment improves, BTC may retest the upper resistance range.

• ETH (-0.6% | Price: 2,340 USDT): ETH traded between $2,361.7 and $2,296.0 in the past 24 hours, with support around $2,300 and resistance at $2,345–$2,362. On the 1-hour chart, moving averages are transitioning from bearish to flat; MACD remains in a bearish crossover; RSI is neutral; price is oscillating below the mid-term EMA; Bollinger Bands are slightly below the midline with no notable volume expansion. ETH remains sensitive to liquidity and risk sentiment—lower rate expectations could support recovery, while a stronger dollar may keep it range-bound and weak.

• Altcoins: Over the past 24 hours, altcoins showed mixed performance, with the LSD (liquid staking) sector leading gains. Meme, Layer 2, and RWA sectors also posted modest increases, indicating signs of capital rotation. The Fear & Greed Index stands at 26—recovering from extreme fear but still in the “fear” zone—suggesting cautious market sentiment and persistent localized volatility risks.

• Macro: On March 17, the S&P 500 rose 0.20% to 6,716.09, the Dow Jones Industrial Average gained 0.10% to 46,993.26, and the Nasdaq increased 0.50% to 22,479.53. As of March 18, 03:30 AM (UTC), spot gold was trading at $4,996.15 per ounce, down 0.19% over the past 24 hours.

Trending Tokens

SIREN Siren (43.04%, Circulating Market Cap: $545M)

According to Gate market data, SIREN is currently trading at $0.74499, up 43.04% over the past 24 hours. Siren is a decentralized options protocol designed to provide on-chain options trading services.

The rally is likely driven by recent supply burns and institutional investment (e.g., DWF Labs), which have improved liquidity and market confidence. In addition, the recent listing of perpetual contracts on major exchanges may have further supported the price increase.

ANKR AnkrNetwork (28.95%, Circulating Market Cap: $60.37M)

According to Gate market data, ANKR is currently priced at $0.005906, up 28.95% over the past 24 hours. Ankr is a decentralized infrastructure provider focused on simplifying blockchain development and Web3 application deployment.

The price increase is mainly attributed to the broader crypto market rebound, which has driven higher trading volume, alongside continued growth and development in the decentralized infrastructure sector.

IDOL MEET48 Token (19.23%, Circulating Market Cap: $27.06M)

According to Gate market data, IDOL is currently trading at $0.0305, up 19.23% over the past 24 hours. MEET48 Token (IDOL) is the utility token of the MEET48 ecosystem, which combines AI-generated idols, metaverse interaction, and fan-driven governance.

Its price increase is largely driven by improving market sentiment and sustained investor attention on its unique AI idol narrative.

Alpha Insights

OpenAI–AWS Partnership: AI Services to Cover Government Classified to Top-Secret Levels

OpenAI has reached an agreement with Amazon Web Services (AWS) to provide AI services to the U.S. government across all classification levels, from unclassified to top secret, deployed via Bedrock, GovCloud, and secure regions. OpenAI retains control over model deployment and security policies and requires prior notification before AWS engages with highly sensitive clients. This follows OpenAI’s earlier agreement with the Department of Defense, further expanding its reach across federal agencies.

This partnership marks AI’s transition into national-level infrastructure. From a supply perspective, OpenAI leverages AWS for scalable distribution while retaining control over core models, forming a new division of labor between cloud providers and AI companies. From a competitive standpoint, while AWS serves both Anthropic and OpenAI, the latter is advancing more rapidly in government adoption, highlighting security and controllability as key competitive advantages. From an industry perspective, AI is evolving from a commercial tool into a strategic capability, with government contracts, defense applications, and compliance becoming critical determinants of long-term leadership.

Amazon CEO: AI to Double AWS 10-Year Revenue Outlook to $600 Billion

Amazon CEO Andy Jassy stated that, driven by AI, AWS’s long-term revenue outlook has been significantly raised, with annualized revenue expected to exceed $600 billion by 2036 (up from the previous $300 billion forecast), compared to $128.7 billion in 2025. Addressing concerns over Amazon’s roughly $200 billion in capital expenditures, he emphasized that the investments are based on clear and strong demand signals rather than optimistic assumptions, noting that cloud infrastructure requires multi-year advance planning.

AI is pushing cloud computing from cyclical growth into structural expansion. Large-scale upfront capex signals that AWS is entering an infrastructure race phase—short-term margins may face pressure, but long-term barriers and scale advantages will strengthen. Strong demand visibility indicates that enterprise AI has moved beyond experimentation into real deployment. Meanwhile, such massive investments will intensify competition among cloud providers (e.g., AWS, Azure, GCP), potentially leading to a new cycle characterized by high investment, high concentration, and strong winner-takes-all dynamics.

Powell’s Second-to-Last FOMC Highlights Growing Fed Divisions

Nick Timiraos, often referred to as the “Fed whisperer,” noted that uncertainty stemming from the Iran conflict is likely to reinforce the Fed’s decision to hold rates steady this week. However, internal divisions are widening, particularly among Fed governors appointed by former President Donald Trump, who are increasingly inclined to support rate cuts. This could lead to a rare multi-dissent vote not seen since 1988.

This shift signals two key trends: first, the weakening of monetary policy consensus, increasing uncertainty around policy paths and market volatility pricing; second, the growing influence of political factors in monetary decision-making. With Powell nearing the end of his term, future rate paths may be shaped more by policy divergence and political dynamics than by economic data alone. Overall, while holding rates remains the near-term baseline, medium-term uncertainty is rising, potentially amplifying market volatility and asset dispersion.
References

• Gate, https://www.gate.com/trade/BTC_USDT

• Farside Investors, https://farside.co.uk/btc/

• Gate, https://www.gate.com/trade/ETH_USDT

• Axios, https://www.axios.com/2026/03/10/oracle-stock-ai-cloud-computing

• X, https://x.com/HyperliquidX/status/2018327360723202167

• Circle, https://www.circle.com/blog/circle-nanopayments-launches-on-testnet-as-the-core-primitive-for-agentic-economic-activity

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