Markets, both traditional and crypto, have seen a significant decline in the early morning hours of March 19 following a spike in oil prices. This comes after Iran carried out missile strikes on a facility in Qatar that hosts the world's largest LNG export plant. The Federal Reserve also decided to maintain interest rates between 3.5% and 3.75%. Meanwhile, Bitcoin (BTC) dropped by 4.2% and was trading near $69,600, while other cryptocurrencies such as XRP, ETH, and Solana also struggled. The biggest corporate holder of Bitcoin Strategy was also down by 2.72%, while popular crypto exchange Robinhood also traded in red.