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MarketVectorTM Digital Asset 100 Mid-Cap Index rose by 0.37%, closing at 2874.67 points. MarketVector Digital Asset 100 Index increased by 0.91%, closing at 14282.61 points, reaching 14397.04 points at 17:09 (GMT+8) during a sustained upward trend, before retracing part of its gains. Currently, Solana is up 0.67%, Dogecoin is up 0.05%, and XRP is up 1.73%. Bitcoin is up 1.04%, currently quoted at $71,441.31; Ethereum is up 0.72%, currently quoted at $2,093.

Golden Ten Data reported on March 16 that as the war in Iran continues, if the conflict does not end in the short term, major Gulf economies including Saudi Arabia, the United Arab Emirates, and Qatar may face the most severe economic recession since the 1990s. Farouk Soussa, an economist for the Middle East and North Africa at Goldman Sachs, pointed out that if the conflict continues into April and leads to the closure of the Strait of Hormuz for two months, Qatar and Kuwait's GDP could shrink by 14% this year. This would be the most severe economic recession for these two countries since the Gulf War in the early 1990s. In contrast, Saudi Arabia and the UAE are relatively better off because they have the ability to transport oil through alternative routes. Nevertheless, these two countries may still face the most severe economic shock since the COVID-19 pandemic in 2020, with GDP expected to decline by about 3% and 5%, respectively. Soussa stated: "For many Gulf economies, the short-term impact of this war may be more severe than the pandemic. When the dust settles, they will rebuild and recover, but the scars left on market confidence by this conflict remain to be seen."

Jinse Finance reported that according to market data, LTC has fallen below $55, currently quoted at $54.99, with a 24-hour increase of 0.71%. The market is experiencing significant volatility, please ensure proper risk control.