Market Signal Briefing

Meanwhile, another analyst said that 'weak hands' have left the bitcoin market, which is typically a long-term bullish sign.

After another unsuccessful attempt to decisively reclaim the $72,000 resistance, bitcoin’s price dipped by two grand again, slipping below $70,000.

Popular analyst Michaël van de Poppe weighed in on BTC’s longer-term performance, explaining why the current environment could be a “great time to buy.”

BTC Tanks as STHs Reach Capitulation A week ago, bitcoin peaked at $76,000 for the first time in a month and a half. The subsequent rejection pushed it south to under $68,000, where it found some support and jumped to $72,000 yesterday. However, it was stopped once again and dipped below $70,000 earlier this morning, as it continues to be heavily influenced by the war in the Middle East as well as the developments in other financial markets.

Van de Poppe noted that short-term holders of the largest cryptocurrency are in ‘massive losses, a phenomenon called ‘Capitulation.” He added that this metric’s indications now mimic current market sentiment ‘quite well.’

The analyst explained that many investors anticipated a strong BTC rebound when it initially dropped to $80,000, which is why they bought more. However, as the asset continued to retrace to sub-$70,000 levels, their positions turned red almost two months ago.

This flipped the overall market sentiment quite ‘fearful,’ and van de Poppe said he hasn’t seen it this bad before. However, “this has proven to be a great time to buy assets, as markets are always higher 12 months after such a capitulation event.”

The short-term holders of #Bitcoin are in massive losses, a phenomenon called ‘Capitulation’.

One of the most interesting metrics is that it mimics current market sentiment quite well.

The recent crash on #Bitcoin has had a similar impact to the COVID crash in 2020 or the drop… pic.twitter.com/L9AXlnGrk6

— Michaël van de Poppe (@CryptoMichNL) March 25, 2026

You may also like: Are Traders Getting Ahead of Reality? War Pause Hype Fuels Risky Crypto Bets Analyst: Bitcoin Could Bottom at $46K as ‘Electric Cost’ Falls Gold Fails Safe Haven Test as Prices Plunge Amid War and Uncertainty Weak Hands Are Out In a slightly related post, fellow analyst Ali Martinez noted that Bitcoin’s Realized Cap for new holders has “hit a significant low.” According to him, this means that ‘weak hands’ have disappeared from the BTC market, as these red zones “represent a total washout of speculative froth.”

Such instances led to major changes in market dynamics, as when speculative interest supply dries up, only “high-conviction holders” are left. History shows that this is generally the transition point from a “cooling period to the next major accumulation phase.”

The “weak hands” have officially left Bitcoin $BTC.

Bitcoin’s Realized Cap for new holders has hit a significant low. Historically, these “red zones” represent a total washout of speculative froth.

When the speculative interest supply dries up, we are left with a market… pic.twitter.com/2njSuchFS1

— Ali Charts (@alicharts) March 25, 2026

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Digital asset infrastructure firm BitGo has partnered with ZKsync to build fiat tokenisation infrastructure aimed at banks.

The collaboration signals a push to connect traditional finance with blockchain systems without relying on stablecoins.

The planned products focus on institutional-grade settlements that operate continuously, offering faster processing, enhanced privacy, and improved security.

The move comes as banks explore ways to modernise payments and settlement systems while remaining compliant with regulatory requirements.

Focus on bank adoptionThe partnership is designed to help banks tokenise fiat deposits directly on blockchain networks.

This allows financial institutions to process transactions instantly rather than relying on slower legacy systems.

BitGo, founded in 2013, has played a central role in crypto infrastructure development, particularly through its multi-signature wallet technology.

That innovation improved asset security and encouraged institutional participation in digital assets.

By combining BitGo’s custody expertise with ZKsync’s Layer 2 scaling capabilities, the project aims to create a system that banks can adopt without major operational changes.

The infrastructure is being built to meet compliance standards, which remains a key requirement for financial institutions entering blockchain-based finance.

Banks have wanted to modernize settlement and treasury ops for years. The infrastructure just wasn't there. @BitGo x @zksync changes that. Tokenized deposits, institutional custody, always-on settlement. Built for regulated banks, ready to deploy. 👇

ZKsync

@zksync

A big step forward for the digital assets industry and U.S. banking. ZKsync × @BitGo partner to deliver a production-ready solution for tokenized deposits, combining secure custody with private, compliant blockchain settlement. Built for banks. Ready for deployment.

Moving beyond stablecoinsUnlike tokenisation efforts led by Ripple Labs, the BitGo and ZKsync initiative does not depend on stablecoins.

Instead, it focuses on representing fiat deposits directly on-chain.

This distinction is significant because stablecoins have been a point of friction between banks and crypto firms.

Financial institutions have argued that yield-bearing stablecoins can draw deposits away from traditional banking systems.

By avoiding stablecoins, the new infrastructure attempts to sidestep this conflict.

It offers banks a way to retain control over deposits while still benefiting from blockchain-based efficiency and programmability.

Testing phase underwayThe project is currently in a testing phase, with both companies preparing for a broader rollout later this year.

Expectations are centred on institutional adoption once the system becomes fully operational.

If successful, the infrastructure could support a wide range of financial use cases, including faster settlements, cross-border transactions, and new forms of tokenised financial products.

The use of Layer 2 technology is expected to reduce costs and improve transaction speeds compared to mainnet Ethereum, making the system more practical for large-scale banking operations.

Regulatory and market tensionsThe partnership emerges against a backdrop of ongoing tensions between banks and stablecoin issuers.

Policymakers have attempted to address these concerns through proposed frameworks such as the Clarity Act.

At the same time, industry developments continue to complicate the landscape.

Coinbase recently pushed back against efforts to restrict stablecoin yields, highlighting divisions within the sector.

While the BitGo and ZKsync collaboration does not directly resolve these disagreements, it introduces an alternative path for integrating blockchain into traditional finance.

The scale of this shift is notable.

By enabling fiat tokenisation at the banking level, the initiative could open access to an estimated $450 trillion in traditional financial assets, potentially accelerating the convergence between legacy finance and blockchain technology.

Key Takeaways A bearish reversal requires SOL to fall beneath $88.57—this hasn’t occurred yet. The $82–$86 zone shows robust buying activity, supported by Fibonacci levels. Price rejection occurred near $92.70, with resistance concentrated between $91–$94. Breaking above the $94–$96 threshold could propel SOL toward $98 and beyond. Major compliance firm Elliptic has partnered with Solana’s Developer Platform, bringing enterprise-grade tools used by Mastercard, Worldpay, and Western Union. Solana continues defending a critical support area as market participants monitor a tight price corridor that may determine the asset’s upcoming trajectory. Multiple technical formations indicate indecision, while fresh institutional collaboration strengthens the network’s infrastructure.

Solana (SOL) Price The token has been trading within the $82 to $86 bracket, a zone that aligns with key Fibonacci retracement markers and an ascending trendline. This convergence indicates persistent demand at these price points. Following successful defense of this area, a consolidation pattern has emerged.

The subsequent upward movement from this foundation displayed an A-B-C corrective wave formation visible on shorter timeframes. Such patterns generally indicate consolidation rather than trend reversal. While this maintains bullish potential, it stops short of confirming directional commitment.

$91–$94 Zone Acts as Ceiling During recent attempts to climb higher, SOL encountered significant selling pressure. The $91–$94 area features clustered Fibonacci resistance levels creating a formidable barrier. Price rejection around $92.70 demonstrated continued seller presence at these elevations.

Should this overhead resistance persist, expect potential retracement toward $85 or marginally lower to absorb liquidity. This wouldn’t compromise the overarching structure unless price action breaches $88.57—the critical threshold analysts identify as confirming bearish control.

Conversely, decisive movement above the $94–$96 region would shift technical dynamics. Such a breakthrough would negate the corrective interpretation and establish pathways toward $98 or higher targets.

The SOL/BTC trading pair reveals encouraging developments. Daily timeframe analysis shows the pair challenging horizontal resistance while maintaining position above an upward-sloping trendline. The Relative Strength Index demonstrates upward momentum and recently crossed above its signal line, indicating strengthening performance against Bitcoin.

Weekly chart examination places SOL near the lower boundary of a widening wedge formation. Maintaining this support level is crucial. Failure would suggest extended downside risk, while successful defense preserves recovery possibilities within the pattern.

Major Compliance Integration Announced Beyond technical considerations, Solana secured an important infrastructure advancement. Elliptic has been designated as the official compliance partner for Solana’s Developer Platform.

This platform provides developers with unified access to construct financial applications including tokenized deposits, stablecoin payment systems, and real-world asset infrastructure. Elliptic contributes integrated wallet screening capabilities, transaction surveillance, and comprehensive risk assessment tools.

Notable organizations already utilizing the platform include payment giants Mastercard, Worldpay, and Western Union.

Currently, SOL must maintain support above $88.57 to preserve existing technical formation, while the $91–$94 region remains the critical area monitoring for potential breakout scenarios.

The ETH price is trading at $2,120 today (March 26), down 2.4% on the day, as anxious traders wonder whether $2,000 will hold amid broader technical damage sustained since October’s peak.

That single-day gain masks a -57% drawdown from the $4,831 cycle high, and the key question now is whether current levels represent a floor or a pause before a second leg lower. Short-term forecasts diverge sharply, with end-of-month targets ranging from $2,097 to $2,878, depending on the analyst.

The macro backdrop remains complicated. BlackRock’s launch of its staked ETHB ETF sent a signal of institutional confidence, while Federal Reserve rate decisions and the looming Glamsterdam hard fork are expected to inject volatility into the weeks ahead.

On-chain data offers a cautiously constructive counter-narrative: whale transactions above $1M are rising, ETH balances on centralized exchanges are declining, and $38.2Bn in total value is locked across 146 active Layer 2 networks. Whether those structural metrics can overpower persistently bearish price action is the central tension in every current ETH analysis.

(SOURCE: TradingView)

Can the ETH Price Recover to $2,500 Before April 2026? The ETH price is consolidating in a narrow band with critical support identified at $2,073.25, $2,049.63, and $2,033.55, while immediate resistance sits around $2,268. RSI readings near 53.11 suggest neutral momentum, neither oversold capitulation nor convincing bullish thrust, though 19 of 30 technical indicators tracked by CoinCodex currently flag bearish conditions, a ratio that has historically preceded short-duration bounces rather than sustained trend reversals.

Three scenarios appear plausible through the month-end. In the bull case, ETH holds above $2,073 support, reclaims $2,268 resistance, and pushes toward Changelly’s projected March ceiling of $2,520.45, a move that requires both macro tailwinds and continued ETF inflow momentum.

$ETH has reclaimed the $2,150 level.

There are talks ongoing regarding the US-Iran ceasefire, and Ethereum is reacting to it.

When the US-Iran war started, everyone expected ETH to crash, and it didn't happen.

Now people are expecting a pump after the US-Iran ceasefire, and it… pic.twitter.com/EsrFT7xqYf

— Ted (@TedPillows) March 25, 2026

The base case sees range-bound consolidation between $2,100 and $2,400, consistent with the Changelly average of $2,308.91 and CoinCodex’s $2,359.17 late-March target. The bear case, invalidated only by a decisive close above $2,400, involves a retest of the $2,033 zone or lower, particularly if macro conditions deteriorate or gas revenue data disappoints.

Longer-dated outlooks are notably more divergent (which is either reassuring or alarming, depending on one’s time horizon). Standard Chartered projects $7,500 by year-end 2026, while CoinCodex’s model produces a comparatively modest $2,723.95.

For near-term traders, the $2,073 level warrants close monitoring; a sustained break below it would meaningfully change the probability-weighted outlook. Institutional developments, including Bitmine’s recent $215M ETH stake, suggest professional capital is not abandoning the asset, even as retail sentiment sits in “Extreme Fear” territory at a Fear & Greed Index reading of 10/100.

DISCOVER: Upcoming Binance Listings for April

LiquidChain Targets Early Mover Upside as Ethereum Tests Key Levels

(SOURCE: LiquidChain)

Ethereum’s compressed price range and uncertain near-term outlook have prompted some allocators to examine where asymmetric upside might still exist in the broader ecosystem, particularly at the infrastructure layer, where ETH’s network activity diverges from its price performance. Early-stage infrastructure projects carry substantially higher risk than established large caps, but they also have a different return profile.

LiquidChain (LIQUID) is positioning itself as a Layer 3 cross-chain infrastructure play, with a stated USP of fusing Bitcoin, Ethereum, and Solana liquidity into a single execution environment. The project’s Unified Liquidity Layer and Deploy-Once Architecture are designed to let developers access all three ecosystems without rebuilding for each chain.

Its presale is currently priced at $0.01435 per LIQUID token, with more than $623,000 raised to date. As with all presale assets, the gap between concept and mainnet delivery represents real execution risk, and no staking APY has been confirmed.

Visit the LiquidChain Presale Website Here.

EXPLORE: Next Crypto to Explode in 2026

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Token Sales News

Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel leverages his background in on-chain analytics to author evidence-based reports and deep-dive guides. He holds certifications from The Blockchain Council, and is dedicated to providing "information gain" that cuts through market hype to find real-world blockchain utility.

Spot altcoin ETF flows in the U.S. largely stalled on Tuesday, with XRP-related products the only segment posting fresh net inflows—an early sign that ‘risk appetite’ in the alt market is cooling even as crypto ETF infrastructure continues to expand.

Data compiled by SosoValue shows U.S.-listed spot XRP (XRP) ETFs recorded a net inflow of $1.26 million on March 25 (U.S. Eastern Time), extending the streak to two consecutive trading days of net buying. The inflow was concentrated in a single product: Bitwise’s spot XRP ETF, underscoring how narrowly supported demand remains.

Despite the modest daily intake, the XRP ETF category still shows sizable aggregate positioning. Cumulative net inflows were reported at $1.21 billion, while daily trading volume reached $10.53 million. Total net assets stood at $995.72 million—about 1.15% of XRP’s market capitalization—highlighting that ETF ownership has become a meaningful, if not dominant, pocket of demand.

Elsewhere, most altcoin spot ETFs printed flat flow readings, suggesting investors are opting to wait rather than rotate into higher-beta exposures.

Spot Solana (SOL) ETFs were unchanged on the day after taking in $4.64 million in net inflows the prior session. Cumulative net inflows were reported at $994.43 million, with $37.48 million in daily turnover and $910.28 million in total net assets—roughly 1.74% of SOL’s market cap. The abrupt return to zero net flows after a solid prior-day intake points to a ‘one-off allocation’ dynamic rather than a sustained buying trend.

Spot Dogecoin (DOGE) ETFs also saw no net creations or redemptions, extending a streak of inactivity that began after the last recorded inflow on March 13. Cumulative net inflows were $7.64 million. Trading volume was just $139,410, and total net assets were $9.65 million—around 0.07% of DOGE’s market cap—illustrating how thin liquidity remains in the category.

Spot Chainlink (LINK) ETFs similarly posted no additional movement after registering a $165,290 inflow the previous day. The category’s cumulative net inflows were $98.08 million; daily volume was $2.24 million; and total net assets were $93.74 million, equivalent to roughly 1.42% of LINK’s market capitalization.

Spot Avalanche (AVAX) ETFs extended their period of inactivity, notching a sixth consecutive session without net flows. Cumulative net inflows were $9.76 million, with $96,540 in daily trading volume and $17.80 million in total net assets—about 0.43% of AVAX’s market cap.

Several smaller spot altcoin ETFs also remained flat for multiple consecutive sessions, reinforcing the broader theme of a market in pause mode. Canary’s spot Litecoin (LTC) ETF (LTCC) recorded its eighth straight session without net flows (cumulative net inflows: $9.65 million; volume: $38,940; net assets: $6.47 million, or 0.15% of LTC market cap). Canary’s spot Hedera (HBAR) ETF was unchanged for a fifth straight session (cumulative net inflows: $94.27 million; volume: $349,100; net assets: $53.00 million, or 1.31% of HBAR market cap). Meanwhile, 21Shares’ spot Polkadot (DOT) ETF (TDOT) logged its eighth consecutive flat session (cumulative net inflows: $544,480; volume: $75,930; net assets: $10.75 million, or 0.47% of DOT market cap).

The divergence—incremental buying in XRP products versus broad stagnation across other altcoin ETFs—suggests investors are becoming more selective, prioritizing perceived ‘liquidity depth’ and clearer catalysts. For the wider crypto market, the pattern indicates that ETF wrappers alone are not enough to sustain continuous demand across the alt spectrum; flows may hinge on idiosyncratic narratives, product liquidity, and macro positioning.

Article Summary by TokenPost.ai

🔎 Market Interpretation

Altcoin ETF flows paused: U.S. spot altcoin ETF activity largely stalled on Mar. 25, with most products at zero net flows, indicating a cooling of risk appetite in higher-beta crypto exposure.

XRP as the exception: Spot XRP ETFs posted +$1.26M net inflow (2nd straight day), but demand was narrowly concentrated in Bitwise’s product—suggesting selective rather than broad-based buying.

ETF ownership is meaningful for XRP (and select majors): XRP spot ETF net assets at $995.72M (~1.15% of XRP market cap) show ETFs are a notable pocket of demand, even without dominating the market.

One-off allocation signals in SOL: Solana spot ETFs went from +$4.64M prior day inflow to flat, hinting that recent buying may reflect episodic allocations rather than a sustained rotation.

Thin liquidity in smaller categories: DOGE, AVAX, LTC, DOT and others show minimal volumes and repeated flat sessions, implying limited secondary-market participation and weak incremental demand.

Takeaway: The market appears to be in “pause mode”—ETF wrappers help access, but do not guarantee continuous inflows without catalysts, liquidity, and supportive macro sentiment.

💡 Strategic Points

Favor liquidity depth over “headline availability”: The flows suggest investors prefer categories with stronger trading activity and institutional comfort. Consider emphasizing products with higher turnover and tighter spreads when expressing alt exposure.

Watch concentration risk within categories: XRP inflows were largely tied to a single issuer/product. If flows remain product-specific, performance and tracking can become more sensitive to that ETF’s creation/redemption dynamics.

Use flow + volume together as a conviction gauge: Flat net flows paired with low daily volume (e.g., DOGE, AVAX, LTC) can signal fragile liquidity; entries/exits may be costlier and more slippage-prone.

Differentiate “allocation events” vs. trend formation: SOL’s sharp shift from inflow to zero suggests a one-time rebalance. Sustained trends typically show multi-day inflows with consistent volume.

Catalyst checklist for renewed inflows: Monitor (1) macro risk-on/risk-off shifts, (2) token-specific news (network upgrades, partnerships, regulatory clarity), (3) ETF liquidity improvements, and (4) broader crypto momentum from BTC/ETH benchmarks.

Position sizing implication: Where ETF net assets are a small share of market cap (e.g., DOGE ~0.07%), ETF flows may have limited price impact; where shares are higher (e.g., SOL ~1.74%, LINK ~1.42%), flows can be more informative.

📘 Glossary

Net inflow / net outflow: The net dollar amount entering/leaving an ETF via creations/redemptions during a session.

Creations/redemptions: The mechanism by which authorized participants add/remove ETF shares, typically reflecting primary-market demand.

Cumulative net inflows: Total net creations since the ETF launched; a proxy for how much net capital has been allocated over time.

Daily trading volume (turnover): Value of ETF shares traded on the secondary market in a day; often linked to liquidity and transaction costs.

Total net assets (AUM): Total value of assets held by the ETF; indicates product scale and institutional usability.

% of market cap: ETF AUM divided by the token’s market capitalization; approximates the ETF’s footprint relative to the underlying asset.

Higher-beta exposure: Assets that typically move more than the broader market (often smaller-cap or more speculative altcoins).

Risk appetite: Investors’ willingness to take on volatile/speculative positions; often rises in risk-on markets and falls in risk-off conditions.

Liquidity depth: The market’s ability to handle large trades with minimal price impact; stronger depth often attracts larger allocators.

Idiosyncratic narrative/catalyst: Token-specific factors (tech upgrades, adoption, legal/regulatory developments) that can drive demand independent of the broader market.

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Chainlink has remained stuck in neutral throughout the previous week. LINK maintains its position at $9.2, oscillating between downside support at $8.5 and upside resistance at $9.9 without achieving a decisive directional move.

TLDR Table of Contents

TLDROne Wallet UnfrozenStablecoin Control Under ScrutinyGet 3 Free Stock Ebooks Stablecoin issuer Circle suspended access to 16 USDC wallets belonging to operational crypto businesses Blockchain investigator ZachXBT described the action as “the single most incompetent freeze” he’s witnessed in over five years The wallet suspensions stem from a sealed civil lawsuit in the United States, with no details disclosed to impacted companies One wallet controlled by Goated.com has been restored, containing approximately 130,966 USDC The controversy has renewed concerns about centralized control over stablecoins and freeze capabilities without transparency Stablecoin provider Circle implemented freezes on 16 USDC wallets associated with legitimate operating enterprises this week, triggering widespread condemnation across the cryptocurrency sector. The affected accounts were connected to digital asset exchanges, gaming platforms, and currency exchange operations.

Renowned blockchain analyst ZachXBT was among the first to expose the situation publicly. He noted that the impacted businesses had no apparent connection or common thread linking them together.

According to ZachXBT, the freezing action relates to a sealed civil lawsuit in a U.S. court. Due to the confidential nature of the proceedings, affected wallet operators received no explanation for the account restrictions.

The NY civil case is sealed and they have provided absolutely ZERO basis to freeze all of these business addresses.

Aaron Nathan from Willkie Farr is the unknown plaintiffs lawyer.

The expert witness is liable.
The judge is liable.
Circle is liable.

In my 5+ yrs of…

— ZachXBT (@zachxbt) March 25, 2026

“The NY civil case is sealed and they have provided absolutely ZERO basis to freeze all of these business addresses,” ZachXBT stated on X.

He delivered harsh criticism regarding Circle’s approach to the matter. “In my 5+ years of investigations, it could potentially be the single most incompetent freeze I have seen,” he remarked.

ZachXBT emphasized that any analyst with fundamental blockchain analysis capabilities could have determined within moments that these were functioning commercial wallets. The addresses displayed thousands of transaction records, clearly indicating their business-related operations.

Circle remained silent when contacted by various media organizations for statements regarding the incident.

One Wallet Unfrozen By midweek, Circle had reversed the freeze on one of the 16 affected wallets. The address, labeled “0x61f…e543,” is operated by the platform Goated.com. Blockchain data from Arkham shows the wallet currently contains 130,966 USDC.

ZachXBT indicated he anticipates additional wallets will be restored “in the near future.”

Stablecoin Control Under Scrutiny This episode has intensified scrutiny on the operational mechanics of centralized stablecoins. Unlike physical currency or decentralized cryptocurrency assets, stablecoins issued by corporations such as Circle possess the technical capability to be frozen without advance notice.

Taylor Monahan, a security researcher at MetaMask, commented on X: “This is not the first bad freeze they’ve done. And it won’t be the last. No accountability. No responsibility. No recourse.”

Mert Mumtaz, who founded RPC infrastructure provider Helius, reinforced this perspective. “This is your 10th reminder that centrally issued stablecoins are not actually yours; they can be frozen, unlike cash,” he posted.

Jean Rausis, who co-founded decentralized exchange platform Smardex, suggested the GENIUS stablecoin regulatory framework establishes infrastructure for what could become a privately controlled digital currency system.

He contended that centralized stablecoins provide issuers with identical financial monitoring and asset-freezing authority comparable to a government-issued CBDC.

Former congressional representative Marjorie Taylor Greene had expressed comparable concerns in May 2025, characterizing regulated stablecoins under the GENIUS framework as a “CBDC Trojan Horse.”

As of Wednesday, Circle has released restrictions on one wallet, with ZachXBT indicating additional restorations are anticipated in coming days.

The Bitcoin price topped slightly above $126,000 back in October 2026 and is now down by over 40% since then. This move that has sent the cryptocurrency’s price below the $70,000 level multiple times since then, marking a possible entrance into the bear market. What is interesting about this move, though, is the fact that none of the 30 indicators that have previously been used to possibly predict the Bitcoin market peak has been hit.

Bitcoin Bull Market Peak Indicators Remain Untriggered On the Coinglass website, there is an aggregation of 30 Bitcoin Bull Market Peak Indicators that track how far along the cryptocurrency is in the cycle. The process of these indicators are then used to map the probability of whether the Bitcoin price has hit its peak yet or not.

According to the website, not despite the Bitcoin price falling, not even one of these indicators have actually been hit so far. Some of the Indicators are farther along than others, where the likes the Bitcoin Long Term Holder Supply is over 91% along to hit its peak. However, the indicator has still not been triggered. Long-term holders have trimmed their supply, but there is still enough BTC held by them to show that they expect higher prices.

Another interesting one is that the Bitcoin Dominance is yet to hit a peak. The indicator shows it is 89.8% alone, but with the dominance above 65%, it still puts Bitcoin well in charge of the market. This bleeds into the Altcoin Season Index, as the market is yet to have a proper altcoin season, which often happens toward the end of a bull market.

All of the 30 indicators have progressed by varying degrees, but with none of them being hit yet, the Buy-Sell indicator continue to points to this being a time to hold instead of sell.

Source: Coinglass Why Is The BTC Price Crashing? So far, Bitcoin seems to have deviated from the traditional indicators and has begun responding to macroeconomic factors more and more. This is no surprise given the entrance of companies into the digital asset through not only direct buying, but massive exposure for institutional players through Spot Exchange-Traded Products.

The most recent development that has adversely affected the Bitcoin price has been the budding US-Iran war, as the scuffle over oil continues. Bitcoin has managed to bounce back from the previous crashes. But with sentiment still firmly in the Extreme Fear territory, it might take a while before the market sees another major rally compared to 2024-2025.

BTC bulls maintain $70,000 | Source: BTCUSD on Tradingview.com Featured image from Dall.E, chart from TradingView.com

Key Takeaways Morgan Stanley is preparing to introduce MSBT, its proprietary spot Bitcoin ETF on NYSE Arca, marking a historic first for a major U.S. bank. Eric Balchunas, Bloomberg’s senior ETF analyst, pointed to the NYSE listing notice as evidence that the launch is imminent. The firm’s wealth management division oversees 16,000 financial advisors controlling $6.2 trillion in client assets — twice the aggregate wealth of Merrill Lynch, Goldman Sachs, and JPMorgan’s wealth divisions. MSBT provides Morgan Stanley’s advisory team with an in-house Bitcoin solution, eliminating the need to direct clients toward competing products such as BlackRock’s offering. Approximately 80% of Bitcoin ETF transactions on Morgan Stanley’s platform originate from self-directed investor accounts rather than advisor-managed portfolios. Morgan Stanley stands ready to make a move that would have been unthinkable in traditional banking circles just a handful of years ago. The financial institution is preparing to introduce its own spot Bitcoin ETF, establishing itself as the first prominent U.S. bank to take this step.

Eric Balchunas, a senior ETF analyst at Bloomberg, drew attention to the development through social media following the New York Stock Exchange’s formal announcement of the fund’s listing. He characterized the launch as happening very soon. The exchange-traded fund will be available for trading under the ticker symbol MSBT on NYSE Arca.

Morgan Stanley submitted its initial application in January 2026. Just days before Balchunas’s announcement, the financial institution filed an updated S-1 registration document with the U.S. Securities and Exchange Commission, validating the listing information.

This isn’t the bank’s inaugural venture into digital assets. Morgan Stanley started permitting brokerage customers to purchase spot Bitcoin ETFs in 2024. That capability has grown incrementally over time.

However, creating its own fund represents an entirely different strategic commitment. It associates the institution’s brand directly with a Bitcoin investment vehicle.

The Significance of Morgan Stanley’s Advisor Infrastructure The compelling narrative here revolves around magnitude. Morgan Stanley operates the nation’s most extensive financial advisor network — 16,000 advisors overseeing $6.2 trillion in client wealth. This figure represents double the combined assets under management at the wealth divisions of Merrill Lynch, Goldman Sachs, and JPMorgan.

With its own Bitcoin ETF, these advisors gain access to a product they can propose to clients without directing business to a rival firm’s fund like BlackRock’s IBIT.

John Haar, who leads private services at Swan Bitcoin, noted that Morgan Stanley wouldn’t introduce its own ETF unless the institution anticipated Bitcoin becoming a standard portfolio component throughout its wealth management client ecosystem.

Nevertheless, certain details deserve attention. Amy Oldenburg, Morgan Stanley’s head of digital asset strategy, has indicated that interest in spot crypto ETFs has predominantly originated from self-directed investors rather than advisor-recommended allocations. Roughly 80% of ETF transactions on the platform are self-initiated.

Morgan Stanley’s Comprehensive Digital Asset Strategy The ETF represents one component of a broader transformation at Morgan Stanley. In January 2026, CEO Ted Pick revealed the bank was collaborating with the U.S. Treasury and additional regulatory bodies on cryptocurrency products. In February, the institution joined other companies applying for a banking charter to provide cryptocurrency custody services.

Following the January 2024 launch of spot Bitcoin ETFs by BlackRock and 11 other asset management firms, total assets in these funds have expanded to exceed $83 billion. Morgan Stanley’s market entry is anticipated to accelerate that growth.

The bank had not issued an official statement regarding the ETF launch at the time of publication.

Key Highlights TAO rallied 140% across six weeks, touching an intraday peak of $377.8 on March 25 The TAO/BTC trading pair jumped nearly 78% this month, indicating capital flow away from Bitcoin Social engagement reached its second-highest recorded level, though positive sentiment stays moderate at 1.5:1 ratio March 2026 trading volume reached $5.7 billion, marking the strongest monthly performance in Q1 Staked TAO across subnets expanded from $74,400 to over $620 million within twelve months Bittensor (TAO) has delivered a 140% gain over the last six weeks, with the bulk of this appreciation occurring throughout March 2026. The cryptocurrency reached an intraday peak of $377.8 on March 25, marking its strongest level since mid-November 2025. Currently, TAO is trading at $341.7.

Bittensor (TAO) Price This impressive performance has positioned TAO among the top-performing large-cap digital assets this month. The token currently holds the 26th position in market capitalization rankings.

The decentralized artificial intelligence theme has emerged as a primary catalyst. Market participants have been shifting capital toward decentralized machine learning initiatives, with Bittensor positioned prominently within this sector.

$TAO

2y-old channel. It’s not a question of if TAO gets to $600, but when the real trend starts.

Templar (Subnet 3) just finished Covenant-72B, the biggest decentralized LLM pretraining run to date. That won’t beat a top AI lab by itself, but it proves decentralized AI is not… pic.twitter.com/rC9qNDbRoi

— ANBESSA (@Anbessa100) March 25, 2026

The TAO/BTC pair appreciated nearly 78% during March. This suggests substantial capital has migrated into TAO from Bitcoin positions. Meanwhile, Bitcoin’s trading activity has registered its weakest levels for the first quarter of 2026.

A comparable dynamic emerged in October 2025, when the TAO/BTC ratio surged 66% while BTC declined more than 6%. That capital rotation eventually reversed, with the ratio declining 50% in subsequent months.

Social Engagement Rises Without Excessive Optimism Despite the substantial price appreciation, sentiment metrics from Santiment paint a nuanced picture. Social discussion volume for TAO has climbed to its second-highest level ever across X, Reddit, and Telegram. Only the period preceding TAO’s $529 all-time high on November 1, 2025, generated greater social activity.

📈 Bittensor has erupted with a price surge of +140% in 6 weeks, and +105% since March 8th alone. The now #26 market cap has been at the center of the fast-growing AI narrative, with capital rotating toward decentralized machine learning projects as one of the market’s hottest… pic.twitter.com/JKIYHStzB2

— Santiment (@santimentfeed) March 25, 2026

However, the sentiment composition remains balanced rather than exuberant. Santiment data shows only 1.5 positive mentions for each negative comment. The analytics platform suggests this is “generally a good sign,” as price rallies accompanied by moderate enthusiasm typically experience reduced selling pressure from speculative traders.

On-Chain Metrics Support Price Action Bittensor’s subnet ecosystem has expanded in tandem with token valuation. Subnets function as specialized networks within Bittensor’s infrastructure that execute AI-related computations. Market observers indicate this correlated growth implies the rally has fundamental support beyond speculation.

The total value of TAO staked throughout subnets increased from approximately $74,400 to exceeding $620 million during the past twelve months.

March 2026 witnessed TAO’s monthly trading volume reach $5.7 billion, representing the highest figure recorded in the first quarter. Token Terminal analytics verify this as the strongest monthly volume performance for the asset year-to-date.

It’s 2026 and we’re already seeing AI agents transition from passive assistants to active task executioners.

Your next trade might come from a bot, not from your clicks, according to Vibhu Norby, who leads product strategy and AI adoption at Solana Foundation.

“99.99% of all onchain transactions in 2 years will be driven by agents, bots, and LLM-based wallets and trading products,” Norby wrote on X on Wednesday. The UI is disappearing into language.”

On Solana, AI agents are already making millions of transactions, mostly for small, pay-per-use digital services. This highlights a shift toward automated, programmatic payments in a usage-based digital economy, according to Norby.

“Since 2026 came around, Solana is now 65% of all agentic payments through x402 at least,” Norby said at the Digital Asset Summit in New York this week. “We’re really focused on this because I think it is something net new for the world where I can pay per resource instead of bundling these up into a subscription or into a single payment for something.”

Infrastructure and developer tooling Norby’s team has been building the infrastructure to accelerate this transition.

In early February 2026, he assembled a new product group tasked with creating AI-ready interfaces for both enterprises and everyday users.

That effort produced the Solana Developer Platform, a suite of APIs covering payments, tokenized assets, and compliance tooling aimed at financial institutions such as Mastercard and Western Union, both of which have begun integrating with the platform.

Solana became the first major blockchain to place a machine-readable skill file at the root of its website, a technical detail Norby highlighted at the summit, so that AI agents can autonomously learn how to create wallets, execute transactions, and interact with on-chain programs without human intervention.

Rapid scale-up Outside the Solana Foundation, the ecosystem of agent development frameworks is growing.

ElizaOS, an open-source toolkit for building on-chain AI agents, has attracted more than 17,600 stars on GitHub, making it one of the most popular repositories at the intersection of crypto and AI.

The Virtuals Protocol ecosystem reported 1.78 million jobs completed by autonomous agents as of February 2026.

At Coinbase, the AI groundwork has been laid for some time. From AgentKit letting AI autonomously interact with blockchain, to x402 enabling instant stablecoin payments, the firm has been actively preparing the future of AI in crypto.

Like Norby, Coinbase CEO Brian Armstrong also believes transaction activity may soon be dominated by AI agents rather than humans.

Very soon there are going to be more AI agents than humans making transactions.

They can’t open a bank account, but they can own a crypto wallet. Think about it.

— Brian Armstrong (@brian_armstrong) March 9, 2026

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

Caroline Bishop Mar 26, 2026 07:22

Bitcoin trades at $69,968 after -1.58% decline, facing critical test at $72,787 resistance. Technical analysis suggests BTC could reach $75,000-$78,000 if momentum shifts bullish in coming weeks.

BTC Price Prediction Summary • Short-term target (1 week): $72,000-$74,500 • Medium-term forecast (1 month): $68,000-$78,000 range
• Bullish breakout level: $72,787 • Critical support: $68,446

What Crypto Analysts Are Saying About Bitcoin While specific analyst predictions from key opinion leaders are limited in recent trading sessions, institutional forecasts remain notably bullish for Bitcoin's longer-term trajectory. According to recent reports, CoinLore projects Bitcoin could reach $195,067 by the end of 2026, representing a substantial 111.49% increase from current price levels. Meanwhile, VanEck has issued an even more ambitious Bitcoin forecast, targeting $2.9 million by 2050.

On-chain data from major analytics platforms continues to provide mixed signals, with Bitcoin's current positioning suggesting a consolidation phase before the next major directional move. The lack of extreme sentiment readings indicates the market remains in a relatively balanced state, neither overly bullish nor bearish.

BTC Technical Analysis Breakdown Bitcoin's current technical setup presents a nuanced picture as the cryptocurrency trades at $69,968.67, down 1.58% in the past 24 hours. The BTC price prediction becomes clearer when examining key momentum indicators and moving average positioning.

The Relative Strength Index (RSI) sits at 48.85, firmly in neutral territory, suggesting Bitcoin is neither overbought nor oversold. This neutral RSI reading provides room for movement in either direction, making upcoming price action particularly important for determining Bitcoin's next major trend.

MACD analysis reveals a concerning development with the histogram at 0.0000, indicating bearish momentum despite the relatively stable price action. The convergence of MACD lines suggests indecision in the market, with bulls and bears locked in a battle for control.

Bitcoin's position within the Bollinger Bands offers additional insight, with BTC trading at 0.45 on the band scale. This positioning below the middle band ($70,366.60) but well above the lower band ($66,274.64) suggests moderate selling pressure without panic conditions.

Key moving averages paint a mixed picture for this Bitcoin forecast. While BTC trades above the 50-day SMA ($68,908.69), it remains below both the 7-day ($70,008.03) and 20-day ($70,366.60) moving averages, indicating short-term weakness. The significant gap below the 200-day SMA ($91,785.28) highlights the longer-term challenge Bitcoin faces.

Bitcoin Price Targets: Bull vs Bear Case Bullish Scenario The bullish BTC price prediction hinges on Bitcoin's ability to reclaim and hold above the immediate resistance at $71,377.93. A decisive break above this level would target the strong resistance zone at $72,787.19, which aligns with the upper Bollinger Band at $74,458.57.

Technical confirmation for the bullish scenario requires several elements to align: RSI moving above 55 to confirm momentum, MACD histogram turning positive, and sustained trading volume above the recent average of $1.27 billion. If these conditions materialize, Bitcoin could target the $75,000-$78,000 range within 2-4 weeks.

The bullish case gains additional support from Bitcoin's daily ATR of $2,562.55, which suggests sufficient volatility for significant upward moves. Historical patterns indicate that when Bitcoin breaks major resistance levels with volume, subsequent moves often exceed initial targets by 10-15%.

Bearish Scenario The bearish Bitcoin forecast centers on the failure to hold current support levels, particularly the immediate support at $69,207.57. A breakdown below this level would likely trigger algorithmic selling and target the strong support zone at $68,446.47.

More concerning for bulls would be a decisive break below the 50-day moving average at $68,908.69, which could accelerate selling toward the $65,000-$66,000 range. The lower Bollinger Band at $66,274.64 represents a critical technical level that, if breached, could signal a deeper correction.

Risk factors supporting the bearish scenario include the current MACD bearish momentum, trading below key short-term moving averages, and the substantial gap to the 200-day SMA, which often acts as a magnet during market corrections.

Should You Buy BTC? Entry Strategy Based on current technical analysis, a layered entry approach appears most prudent for this BTC price prediction environment. Conservative buyers should consider initial positions near the $68,500-$69,000 support zone, with additional accumulation planned if Bitcoin tests the stronger support at $68,446.

Aggressive traders might consider entries on any bounce from current levels toward $70,500-$71,000, but should maintain tight stop-losses below $68,400 to limit downside risk. The neutral RSI provides flexibility for both approaches, as Bitcoin isn't technically oversold yet.

Risk management remains crucial given Bitcoin's daily volatility of approximately $2,562. Position sizing should account for potential 5-7% daily moves, and stops should be placed based on technical levels rather than percentage-based rules. A break below $68,446 would invalidate the near-term bullish thesis and suggest waiting for lower entry points.

Conclusion This Bitcoin forecast suggests BTC is at a critical juncture, with the next major move likely determined by its ability to reclaim the $72,000+ resistance zone. While institutional predictions remain bullish long-term, short-term technical indicators suggest caution is warranted.

The most probable BTC price prediction for the coming week targets a test of $72,787 resistance, with a successful break potentially opening the door to $75,000+. However, failure to hold above $68,446 could trigger a deeper correction toward $65,000-$66,000.

Confidence level: Moderate (6/10) given mixed technical signals and neutral momentum indicators.

Disclaimer: Cryptocurrency price predictions are speculative and should not be considered financial advice. Bitcoin's volatile nature means actual prices may vary significantly from any forecast. Always conduct your own research and risk management before making investment decisions.

Image source: Shutterstock

btc price analysis btc price prediction

Lawrence Jengar Mar 26, 2026 07:28

ETH trading at $2,119 faces neutral momentum with RSI at 49.89. Technical analysis suggests $2,230 breakout potential, while Bitcoin Suisse maintains $7,000-$9,000 cycle targets for 2026.

ETH Price Prediction Summary • Short-term target (1 week): $2,174 • Medium-term forecast (1 month): $2,056-$2,230 range
• Bullish breakout level: $2,230 • Critical support: $2,056

What Crypto Analysts Are Saying About Ethereum While specific analyst predictions from recent crypto Twitter activity are limited, institutional forecasts remain optimistic for Ethereum's long-term trajectory. Bitcoin Suisse, in their November 2025 analysis, projected that "ETH to make new all-time highs in 2026 and approach the $7,000 to $9,000 cycle target range, with an extended scenario surpassing $10K."

According to on-chain data from major analytics platforms, Ethereum's fundamentals continue showing resilience despite current price consolidation. The lack of immediate bearish sentiment from key opinion leaders suggests the market is in a wait-and-see phase, with many analysts likely monitoring technical breakout levels before issuing new ETH price prediction targets.

ETH Technical Analysis Breakdown Ethereum currently trades at $2,119.12, down 2.28% in the last 24 hours with a trading range between $2,199.02 and $2,112.17. The technical picture presents a mixed but generally neutral outlook.

The RSI indicator sits at 49.89, placing ETH squarely in neutral territory without clear overbought or oversold conditions. This suggests balanced buying and selling pressure, creating a consolidation phase that could break in either direction.

MACD analysis reveals a concerning signal with the histogram at 0.0000, indicating bearish momentum despite the main MACD line remaining slightly positive at 15.46. The convergence of MACD lines suggests weakening bullish momentum that traders should monitor closely.

Bollinger Bands position ETH at 0.51, meaning the price sits slightly above the middle band ($2,116.06) but well below the upper resistance at $2,317.03. This positioning indicates room for upward movement within the current volatility channel, with the lower band providing support at $1,915.10.

Moving averages present a mixed picture: while ETH trades above shorter-term averages (SMA 20 at $2,116.06 and SMA 50 at $2,042.37), it remains significantly below the SMA 200 at $3,116.52, indicating the longer-term trend remains bearish.

Ethereum Price Targets: Bull vs Bear Case Bullish Scenario The immediate resistance level at $2,174.70 represents the first hurdle for any Ethereum forecast improvement. A break above this level could trigger momentum toward the strong resistance at $2,230.29, which aligns with recent trading highs.

If ETH successfully breaks the $2,230 level with volume confirmation, the next target becomes the Bollinger Band upper boundary near $2,317. This scenario would require RSI moving into overbought territory above 70 and MACD histogram turning positive.

The ultimate bullish target remains Bitcoin Suisse's cycle projection of $7,000-$9,000, though this requires a fundamental shift in market structure and sustained institutional adoption throughout 2026.

Bearish Scenario Failure to hold the pivot point at $2,143.44 could lead to a test of immediate support at $2,087.85. A breakdown below this level would likely trigger selling toward the strong support zone at $2,056.59.

The most concerning bearish scenario involves a break below $2,056, which could accelerate selling toward the Bollinger Band lower boundary near $1,915. Such a move would require RSI dropping below 30 and sustained negative MACD momentum.

Given the significant gap between current prices and the SMA 200 at $3,116, any major bearish catalyst could trigger deeper corrections toward the $1,800-$1,900 range.

Should You Buy ETH? Entry Strategy Current technical conditions suggest a cautious approach to ETH accumulation. The neutral RSI and converging MACD indicate the market lacks clear directional bias, making timing crucial for entry positions.

Conservative traders should consider dollar-cost averaging around current levels ($2,100-$2,130) with stop-losses below the strong support at $2,056. This approach limits downside risk while maintaining exposure to potential upside breakouts.

Aggressive traders might wait for a clear break above $2,174 with volume confirmation before establishing long positions, targeting the $2,230 resistance level. Stop-losses should be placed below $2,143 to limit risk exposure.

For those following Bitcoin Suisse's longer-term Ethereum forecast, current levels represent attractive accumulation opportunities for patient investors with 6-12 month time horizons.

Conclusion The current ETH price prediction suggests a consolidation phase with moderate upside potential toward $2,230 over the next month. While technical indicators show neutral momentum, the absence of strong bearish signals from analysts and the institutional target of $7,000-$9,000 for the broader 2026 cycle maintain cautious optimism.

Traders should monitor the $2,174 resistance level closely, as a break above this point could trigger the next leg higher in Ethereum's price action. However, failure to hold support at $2,056 would signal potential deeper corrections.

Disclaimer: Cryptocurrency price predictions are highly speculative and subject to extreme volatility. This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and risk assessment before making investment decisions.

Image source: Shutterstock

eth price analysis eth price prediction

Circle’s market value shed roughly $5 billion in a single session after a U.S. legislative draft signaled a potential crackdown on 'interest-like' returns for simply holding stablecoins—an earnings-sensitive issue for the company’s business model and a flashpoint for the broader stablecoin economy.

According to Artemis Analytics, the sell-off followed the emergence of a draft 'Clarity Act' provision that would prohibit exchanges and intermediaries from offering direct or indirect compensation resembling interest on customers’ stablecoin balances. While rewards tied to payments or trading activity would remain permissible, the draft envisions that the Securities and Exchange Commission, Commodity Futures Trading Commission, and the Treasury Department would jointly define the detailed standards within about a year.

Markets quickly repriced the implications. Circle shares posted their steepest drop since listing, falling about 20% on Tuesday ET, with volume jumping to roughly 56.4 million shares—around four times the 90-day average. Coinbase ($COIN), often viewed as a bellwether for U.S. crypto rails and stablecoin distribution, slid about 11% in sympathy.

The regulatory language does not directly cap the yield Circle earns on reserve assets, but investors focused on second-order effects: if platforms can no longer entice users with passive stablecoin yield, demand for holding certain stablecoins could soften, shrinking the reserve base that generates income. Circle is particularly exposed because its revenue is heavily concentrated in reserve income from USD Coin (USDC). Artemis estimates around 95.5% of Circle’s revenue is tied to interest income on USDC reserves, which are primarily managed in short-dated U.S. Treasuries and repurchase agreements.

Circle’s recent financial trajectory underscores why the market reacted so sharply to anything that could slow USDC’s growth engine. Reserve income in 2025’s fourth quarter reached about $711 million, up roughly 60% year over year, while annual revenue rose to about $2.7 billion, a 64% increase. At the same time, declining rates are already pressuring margins: the reserve yield fell to 3.81% in 2025’s fourth quarter from 4.49% a year earlier, amplifying concerns that stablecoin issuers may face a tougher macro backdrop even without new rules.

Still, underlying usage metrics have remained firm. USDC circulation stood around $81 billion as of March, up from roughly $76 billion at the end of 2025. On-chain transaction volume for 2025’s fourth quarter reached about $6.8 trillion—more than double the prior year. Artemis data also suggests USDC’s transaction volume has exceeded Tether’s since August 2025, with USDC’s share of the segment rising above 80% by 2026, highlighting the token’s growing role in settlements and exchange flows.

Investors also weighed an apparent confidence shock around centralized controls. Circle recently froze 16 corporate wallets, a move reportedly linked to an undisclosed civil matter that disrupted some exchange and FX-platform operations. While blacklist functions embedded in smart contracts are often framed as necessary for compliance, the episode revived concerns about 'centralization risk'—the ability of an issuer to restrict transfers—which can affect adoption among certain crypto-native users and liquidity venues.

Not all signals were negative. Because the draft focus is on rewards for passive holding, 'activity-based' incentives tied to payments and trading could remain a viable channel for platforms to support stablecoin engagement, and firms are already exploring alternative structures. The bill is not final, and the language could change through negotiations. Circle is also expanding non-interest revenue streams: platform services and transaction-fee related revenue reportedly rose 15-fold year over year to about $37 million, suggesting early progress toward diversification even as reserve income remains dominant.

At current levels, Circle trades at roughly 9x annual revenue, placing the next phase of valuation squarely on regulatory clarity and the durability of USDC’s distribution model. The central question for markets is whether Washington’s push to define stablecoins as payment instruments—rather than deposit-like products—ultimately constrains growth, or forces the sector to evolve into new incentive and settlement architectures.

Article Summary by TokenPost.ai

🔎 Market Interpretation

Trigger event: A draft “Clarity Act” provision signaled tighter limits on offering interest-like rewards to users who simply hold stablecoins, sparking a rapid reassessment of stablecoin-driven revenue models.

Price action and contagion: Circle lost roughly $5B in market value as shares fell ~20% on heavy volume (~4× the 90-day average). Coinbase fell ~11%, reflecting its role as a key distribution rail for stablecoins.

Why Circle is uniquely sensitive: Investors focused on second-order effects—if platforms can’t market passive yield, demand for holding certain stablecoins may weaken, reducing the reserve base that generates issuer income. Artemis estimates about 95.5% of Circle revenue is tied to interest income on USDC reserves.

Macro headwind already visible: Falling rates are compressing reserve returns (reserve yield down to 3.81% from 4.49% YoY), so any regulatory friction on growth compounds margin pressure.

Fundamentals vs. sentiment: Despite the sell-off, USDC usage metrics remain strong (circulation ~$81B; Q4 on-chain volume ~$6.8T), suggesting the market is pricing policy risk and business-model concentration more than immediate demand collapse.

Centralization-risk overhang: The reported freeze of 16 corporate wallets revived concerns that issuer-controlled blacklisting can disrupt counterparties and deter some crypto-native liquidity, adding a non-regulatory risk premium.

💡 Strategic Points

Key policy nuance: The draft reportedly targets compensation resembling interest for passive holding via exchanges/intermediaries, while potentially allowing activity-based rewards tied to payments or trading—an important distinction for go-to-market design.

12-month rulemaking window risk: Standards would be jointly defined by the SEC, CFTC, and Treasury over ~one year, implying an extended period of uncertainty that can restrain valuation multiples and product launches.

Business-model pressure points:

Distribution incentives: If passive yield is curtailed, exchanges may shift to fee rebates, trading-linked rewards, or payments-linked cashback to keep stablecoin balances sticky.

Issuer economics: Even without direct caps on reserve yield, reduced stablecoin balances can lower reserve income—critical for Circle given its heavy dependence on USDC reserves managed in T-bills and repos.

Diversification signal (early but growing): Non-interest revenue (platform services/transaction-fee related) reportedly rose 15× YoY to ~$37M, indicating movement toward revenue streams less exposed to rate cycles and distribution incentives.

What to watch next:

Legislative edits: Whether the final bill narrows/broadens the definition of “interest-like” compensation and which entities are covered.

Exchange product redesign: Migration from passive APY to activity-based rewards and how that affects net stablecoin balances.

Competitive positioning: USDC’s reported transaction-volume outperformance vs. Tether since Aug 2025 may help resilience if the market prioritizes settlement utility over yield marketing.

Risk management optics: Frequency and transparency of wallet freezes/blacklisting events, and whether they affect institutional and venue adoption.

Valuation framing: At ~9× annual revenue, the next leg of pricing hinges on regulatory clarity and whether USDC’s distribution model can thrive when stablecoins are treated more like payment instruments than deposit-like products.

📘 Glossary

Stablecoin: A crypto token designed to maintain a stable value (often pegged to the U.S. dollar) and widely used for trading, payments, and settlement.

USDC: USD Coin, a dollar-pegged stablecoin issued by Circle; issuer revenue is largely driven by income earned on reserves backing tokens in circulation.

Reserve income (reserve yield): Earnings generated from investing stablecoin backing assets (e.g., Treasury bills, repos). The yield is the effective return on those assets.

Repurchase agreement (repo): A short-term financing instrument where securities are sold with an agreement to repurchase them later; commonly treated as low-risk and liquid in money markets.

Interest-like compensation: Rewards that economically resemble interest paid for simply holding a balance (e.g., passive APY), even if structured as “rewards.”

Activity-based rewards: Incentives earned only when users perform actions such as trading, payments, or card spend—often treated differently than passive yield.

Second-order effects: Indirect impacts of a rule—here, not limiting issuer reserve yield directly, but reducing incentives to hold stablecoins, which can shrink reserves and revenue.

Centralization risk / blacklisting: The ability of an issuer to freeze or restrict wallet addresses via smart-contract controls, which can help compliance but may deter some users/venues.

Distribution model: The channels (exchanges, wallets, payment platforms) and incentives used to drive adoption and maintain stablecoin balances.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

On-chain data shows the Bitcoin Whale Transaction Count has witnessed a drawdown recently, a sign that big-money investors have reduced their activity.

Bitcoin Whale Transaction Count Has Dropped To Lows In a new post on X, analytics firm Santiment has talked about the latest trend in the Bitcoin Whale Transaction Count. This indicator measures the daily total number of transfers occurring on the BTC network that involve a sum of more than $100,000.

Transactions with such a large value are usually considered to be coming from the whale entities, so this metric’s value basically reflects the activity that the large hands are participating in.

When the value of the Whale Transaction Count goes up, it means the number of moves being made by the whales is rising. Such a trend suggests big-money interest in the cryptocurrency may be climbing.

On the other hand, the indicator witnessing a decline could imply the large entities are shifting their attention away from the asset, as they are making a fewer number of transfers.

Now, here is the chart shared by Santiment that shows the trend in the Bitcoin Whale Transaction Count and its 7-day moving average (MA) over the last few years:

The value of the metric seems to have been going down in recent days | Source: Santiment on X As displayed in the above graph, the Bitcoin Whale Transaction Count saw a notable spike during BTC’s price crash to start February, indicating whales became active. This isn’t anything unusual, as investors tend to make moves while the market is behaving in a volatile manner.

As BTC has fallen into a phase of consolidation since this crash, however, the Whale Transaction Count has seen a rapid drop. The recent attempt at recovery also couldn’t ignite activity from the whales. Santiment noted:

Bitcoin’s whale activity has become historically quiet as key stakeholders await clarity (literally) from the CLARITY Act, as well as long-term finality to the war.

The Whale Transaction Count is currently sitting at 6,417, which is the lowest level for $100,000+ transfers since September 2023. In the same chart, the analytics firm has also attached the data for the transactions valued at more than $1 million. From this curve, it would appear that the massive transfers are down to 1,485, their lowest since October 2024.

Now, what could this trend mean for the market? Well, the answer to that question may not concretely lean in either the bullish or bearish direction. As Santiment explained:

What it does signal is that smart money is in the same boat as smaller retail holders at the moment, and have been reluctant to make moves with so much policy and global uncertainty at play.

BTC Price Bitcoin dropped back under $68,000 earlier, but the cryptocurrency has since seen a rebound as its price is now back at $70,800.

The trend in the price of the coin over the last five days | Source: BTCUSDT on TradingView Featured image from Dall-E, chart from TradingView.com

Crypto analyst Benjamin Cowen believes Bitcoin (BTC) will face another significant leg down.

In a new video, Cowen challenges the popular comparison between Bitcoin’s current price action and its March recovery patterns, suggesting a more bearish parallel to 2022.

“You could argue that we’re more like right here rather than in March… Bitcoin didn’t go back up to the 21-week EMA… we just had another drop down.”

That historical analogy underpins Cowen’s broader concern.

“I think the next leg lower might be a lot sooner than a lot of people think.”

Cowen also pushes back on the belief that the $60,000 level will act as firm support.

While some traders point to the weekly RSI (Relative Strength Index), a momentum indicator that measures whether an asset is overbought or oversold as evidence a bottom may be near, Cowen argues that signal is incomplete.

“It looks like it’s near the lows in terms of the weekly RSI… but I can find an easy counter indicator to that… there’s still a big drop here potentially.”

He also cites metrics like the MVRV Z-score – which measures how far Bitcoin’s market value deviates from its realized (on-chain cost basis) value – and realized price levels, which represent the average price at which all coins last moved, noting these have not yet reached typical bear market bottom zones.

Generated Image: Midjourney

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The Shibburn portal, which tracks transactions removing Shiba Inu meme coins from circulation, has shared an update about a substantial four-digit increase in the daily burn rate of the second-largest meme coin, Shiba Inu.

Meanwhile, the SHIB team has recently published an update, celebrating the recent surge in SHIB holders around the world.

Burn rate jumps by 1,086%, 23.7 million SHIB goneThe above-mentioned data source spread the word about a massive single-day increase in the SHIB burn rate. Over the past 24 hours, this metric has surged by slightly over 1,086%. This became possible thanks to 23,729,119 SHIB coins getting burned in total.

HOT Stories

This cumulative burn contained ten burn transactions, where the largest ones carried millions of SHIB to unspendable wallets. The largest transfer moved 14,235,163 SHIB out of circulation. It was followed by burns of 1,942,910 SHIB and others. The latest burn transaction carried 6,359,832 SHIB to a dead wallet.

Source: ShibburnBy now, the community has succeeded in burning 410,754,609,891,520 SHIB since May 2021. The main credit for this goes to Vitalik Buterin, who received half of the initial quadrillion SHIB supply from the SHIB founder Ryoshi. Buterin burned 90% of that “present” and donated the rest for charity.

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The number of SHIB holders keeps growing monthlyEarlier this week, the @Shibizens X account linked to the Shiba Inu developer team published a report about the recent increase in SHIB wallets. This metric has recently surged to 1,558,200, with monthly increases varying between 8,500 and 12,000 wallets.

Among these wallets, the top ten hold 62.65% of the SHIB supply, with the burn wallet holding the largest amount of meme coins, followed by top crypto exchanges – Binance, Bybit, Robinhood, etc.

Besides, the report says that the number of SHIB held on exchanges has been shrinking and, by now, has dropped to 80.9 trillion meme coins. Large whales have been steadily withdrawing their SHIB coins from various exchanges.

Key Takeaways On Wednesday, Bhutan moved 519.7 BTC valued at approximately $36.75 million The Himalayan kingdom’s 2026 Bitcoin liquidations have surpassed $152 million The nation’s crypto reserves have plummeted 66%, falling from roughly 13,000 BTC to 4,453 BTC Singapore-based QCP Capital receives the majority of transfers through over-the-counter deals The government’s commitment to allocate 10,000 BTC toward Gelephu Mindfulness City cannot be met with current holdings The Royal Government of Bhutan has been systematically liquidating its Bitcoin treasury throughout 2026, with the selling pressure intensifying in recent weeks. On Wednesday, blockchain analytics platform Arkham Intelligence detected another transfer of 519.7 BTC valued at $36.75 million.

The cumulative Bitcoin sales from Bhutan’s treasury in 2026 have now exceeded $152 million.

Bhutan accumulated its cryptocurrency portfolio through government-operated hydroelectric mining facilities. Utilizing excess energy from hydropower plants meant mining costs were essentially negligible. Each Bitcoin sold represents nearly pure revenue for the state.

The nation’s Bitcoin treasury reached its zenith at approximately 13,000 BTC during late 2024. Since that high-water mark, systematic outflows have reduced current holdings to just 4,453 BTC—representing a dramatic 66% decline.

Source: Arkham The liquidation strategy began conservatively. Throughout January and February, individual transfers ranged between $5 million and $15 million. March witnessed a substantial escalation, with transaction sizes jumping to the $35 million to $45 million bracket.

The previous week marked a record-breaking period for Bhutan’s cryptocurrency disposals. A series of transactions totaling approximately $72 million occurred within a seven-day span. The single largest movement involved 595.8 BTC worth $44.44 million.

Strategic OTC Distribution Model QCP Capital, a Singapore-domiciled trading institution, has been the recipient of three distinct transfers from Bhutan’s wallet, totaling roughly $16.6 million year-to-date. These recurring transactions to an identical counterparty indicate a formalized over-the-counter distribution framework.

OTC transactions enable substantial holders to liquidate positions without creating downward pressure on public exchange order books, thereby minimizing market disruption. Bhutan’s strategy of segmenting sales into manageable portions appears designed for this purpose.

Bitcoin (BTC) Price Bitcoin’s market price has fluctuated between $65,000 and $75,000 throughout March, significantly below the $119,000 peak levels. When Bhutan’s holdings were at maximum, the portfolio valuation approached $1.88 billion. Current holdings are valued at approximately $315 million.

Blockchain monitoring reveals virtually no fresh Bitcoin entering Bhutan’s wallets from mining activities in recent months. This data pattern suggests the government may have reduced or suspended mining operations following Bitcoin’s latest halving event.

The Gelephu Commitment Conundrum In December, Bhutan’s government unveiled a Bitcoin Development Pledge earmarking up to 10,000 BTC to finance the ambitious Gelephu Mindfulness City initiative. Based on December valuations, this commitment represented approximately $860 million.

With current holdings below 4,500 BTC, fulfilling this original pledge would require completely reversing the sell-off and acquiring additional coins beyond current inventory.

Wednesday’s 519.7 BTC transfer represents the latest chapter in what has evolved into an escalating trend of sovereign Bitcoin liquidations throughout 2026.

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When the Dogecoin Exchange-Traded Funds (ETFs) were first approved back in November 2025, it came as a welcome development for the community. This put the meme coin in the league with the likes of Bitcoin and Ethereum, as they continue to make waves with their Spot ETFs. The first month of trading had gone as expected, attracting over $2 million in inflow from investors. But with the month of March 2026, things look to be going left for the Dogecoin ETFs.

Dogecoin ETFs Have Seen Only 2 Days Of Inflow So Far The month of March is almost over, with only about five days left, but so far, Dogecoin ETFs have only seen two days of net inflow, according to data from SoSoValue. The first of these inflows was at the start of the month when around $779,100 flowed into Dogecoin ETFs, pushing its cumulative total inflow so far above $7.6 million for the first time.

After this initial inflow that was recorded on March 2, 2026, the Dogecoin ETFs would go dormant again. In the almost two weeks that followed, there was 0 inflow into the exchange-traded products, while traded values fluctuated wildly, and interest waned.

Then, on March 13, 2026, there was another inflow trend, although lower this time. The value came out to $193,360 in daily inflows, and this brought the total inflows for the month to $972,460. Interestingly, this figure was miles ahead of what was recorded in the previous month of February, with total monthly inflows of $252,530, with only a single day of inflows.

Source: SoSoValue Since the March 13 inflows, Dogecoin ETFs have gone back to 0 inflows once again, with over a week of no liquidity moving into the funds. Total daily traded values across the funds have also remained below the $1 million mark, while Total Net Assets sit at $9.51 million at the time of this report.

How The ETFs Have Fared So Far With barely five months of trading, the Dogecoin ETFs have had a rather interesting trajectory. Following the first month of trading that saw monthly net inflows hit $2.16 million in November 2025, the funds would go on to have their worst month so far right after. In December 2025, total net inflows to Dogecoin ETFs came out to only $177,890, and the total net assets dropped from $6.29 million in November to $5.07 million by December.

January 2026 has been the most bullish month so far, with $4.07 million in monthly net inflows, $12.31 million in total traded value, and total net assets hitting $10.15 million. The funds are yet to reclaim the peak set in January, with total net assets falling to $8.39 million in February before rising to $9.32 million in March 2026.

DOGE fails to break above $0.1 | Source: DOGEUSDT on Tradingview.com Featured image from Dall.E, chart from TradingView.com

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Bitcoin financial services firm Swan Bitcoin has filed an ex parte application in moves to subpoena Cantor Fitzgerald and its former CEO, Howard Lutnick, seeking discovery tied to a failed mining venture involving former employees. 

Swan sued several ex-staff in September 2024, alleging that they stole confidential documents, resigned, and then founded “counterfeit competitor” firm Proton Management days later while convincing Tether, one of Swan’s funding partners at the time, to cut ties with Swan and work with them instead. The ex-staff allegedly referred to this as the “rain and hellfire” plan.

Swan’s application for a subpoena, filed in the Southern District of New York on Monday, targets Cantor Fitzgerald and Lutnick because Swan believes they are in possession of key documents relevant to Swan’s failed mining venture with Tether, 2040 Energy, in addition to the coordinated employee exodus and alleged data exfiltration.

The subpoena application against Lutnick, who now serves as US secretary of commerce, comes as Democratic senators like Elizabeth Warren continue to press him over potential conflicts of interest tied to Tether.

Source: Cory Klippsten
Cantor Fitzgerald is Tether’s investment banker and has advised the stablecoin issuer with its push into the Bitcoin mining industry, Swan noted in the filing.

Due to this link, Swan alleged that Cantor Fitzgerald likely knew about the undervalued sale of Swan’s crypto mining assets to a Tether subsidiary.

Swan alleges that Cantor ghosted them after a meetingSwan said its CEO, Cory Klippsten, met with Lutnick in June 2024, before the alleged events took place, as Swan was considering an initial public offering and Cantor Fitzgerald was interested in being Swan’s lead investment banker.

During those discussions, Swan said it shared a “highly confidential and proprietary slide deck” with Cantor Fitzgerald and showed them its mining facilities.

“After the mass resignations and asset diversion, Cantor broke off contact with Swan without explanation,” Klippsten said on X.

Cointelegraph reached out to Cantor Fitzgerald for comment but didn’t receive an immediate response.

Swan alleges that the rain and hellfire plan was orchestrated by Michael Holmes, Swan’s former business development head, and Raphael Zagury, Swan’s former chief investment officer, who was appointed as Proton’s CEO.

The case Swan brought against Proton Management is ongoing.

The defendants previously denied Swan’s claims, arguing that 2040 Energy wasn’t theirs because it was fully funded by Tether. 

Magazine: Big Questions: Can Bitcoin save you from the dreaded Cantillon Effect?

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Swan Bitcoin filed an ex parte application in the Southern District of New York seeking court authorization to subpoena Cantor Fitzgerald and its former CEO, Commerce Secretary Howard Lutnick.

The discovery request, filed under 28 U.S.C. § 1782, would support foreign proceedings against Tether-appointed directors of 2040 Energy, Swan’s joint mining venture with Tether. Those directors include Tether Chairman Giancarlo Devasini and Bitfinex CEO JL van der Velde.

What Led to the SubpoenaSwan and Tether established 2040 Energy as a joint venture for mining Bitcoin (BTC). Tether provided funding while Swan handled operations. However, in mid-2024, the partnership unraveled in dramatic fashion.

According to Swan’s filing, then-CIO Raphael Zagury and Tether’s now-CIO Zachary Lyons secretly conspired with the stablecoin issuer to dismantle Swan’s role in the joint venture.

Planning notes found on Swan’s corporate servers allegedly detailed a coordinated mass resignation to be carried out with what the filing calls legal cover from Tether.

On August 8, 2024, thirteen Swan employees resigned within hours. Swan claims thousands of confidential documents were downloaded from its systems. Within days, Tether replaced Swan with Proton Management, a new entity staffed by the same defecting employees.

Swan CEO Cory Klippsten was subsequently removed as CEO of 2040 Energy. By December 2024, Tether-appointed directors approved a related-party sale of 2040 Energy’s mining assets to a Tether subsidiary at what Swan calls a significant undervalue.

Lutnick on the Hot Seat, Yet Again

This week Swan Bitcoin filed an ex parte application in the Southern District of New York seeking court authorization to subpoena Cantor Fitzgerald and its former CEO, US Commerce Secretary Howard Lutnick @HowardLutnick, under 28 U.S.C. § 1782.… pic.twitter.com/ABEaVHYbuV

— Cory 🦢 Real Bitcoin @ Swan.com (@CorySwan) March 25, 2026 Cantor and Lutnick’s RoleThe subpoena targets Cantor Fitzgerald and Lutnick because of their alleged proximity to the events. Swan’s filing states that in the weeks before the mass resignations, Devasini introduced Klippsten to Lutnick to discuss a planned Swan IPO.

Swan then shared confidential mining data and IPO materials with Cantor.

After the mass resignations, Cantor broke off contact with Swan without explanation, according to the filing.

Cantor subsequently served as an investment banker on a series of Tether-related transactions. These included acting as placement agent for Tether’s investment in Rumble and providing the SPAC vehicle for Twenty One Capital ($XXI), the Bitcoin treasury company now listed on the NYSE.

Zagury and Lyons, both named in the filing, now serve as Tether-appointed directors at Twenty One Capital. Jack Mallers leads Twenty One as CEO.

Deeper Financial Ties SurfaceThe filing also surfaces Klippsten’s contemporaneous notes from conversations with Devasini. According to those notes, Devasini told Klippsten that Lutnick, then a private citizen, claimed to have worked to block every stablecoin bill in Congress and was effectively working full time for Tether.

A public UCC filing from October 2025 shows Tether as collateral agent for all assets of Dynasty Trust A, the Lutnick family trust that holds the majority ownership stake in Cantor.

Bloomberg recently reported that the trust borrowed an undisclosed sum from Tether to finance its acquisition of Lutnick’s ownership stake when he divested to comply with federal ethics rules.

“Rain and hellfire needs to start,” Raphael Zagury’s planning notes (filing)

The subpoena adds another layer to an already sprawling legal dispute between Swan and Tether. Tether has previously denied wrongdoing.

A ruling on the application could determine whether Swan gains access to Cantor’s communications with Tether and its affiliates, potentially exposing new details about the financial relationships behind the fallout.

Despite ongoing global tensions, Bitcoin’s price action has so far hinted at resilience. However, something may be cooking behind the scenes. While BTC has reclaimed the $71,500-level, the market is currently seeing a clear tug-of-war between distribution and accumulation.

On one hand, data from Arkham indicated that Bhutan’s government has been steadily offloading Bitcoin [BTC], with over 500 BTC entering the market and adding visible selling pressure.

Source: Arkham On the other hand, institutional demand has been stepping in just as aggressively. BlackRock, for instance, withdrew more than 2,200 BTC from exchanges – A move typically associated with long-term accumulation rather than short-term selling.

Source: Arkham This may be a sign that supply entering the market is being efficiently absorbed by stronger hands. If Bitcoin continues to hold above the $71,200-support and manages to break through the $72,500-resistance, it would signal that buyers are firmly in control.

Bitcoin exchange netflow analysis Meanwhile, Bitcoin’s on-chain data has been painting a picture of a market that is quietly strengthening under the carpet. A closer look at exchange flows revealed a consistent pattern of net outflows, signaling that investors may be steadily withdrawing BTC from exchanges.

Source: CryptoQuant This behavior typically reflects accumulation, as coins moved off exchanges are less likely to be sold in the immediate term.

Even during periods of volatility, such as in mid-March when sharp inflows were followed by a massive outflow, the broader trend remained intact.

On-chain metrics confirm this trend At the same time, long-term holder activity might provide us deeper insights into market behavior.

Metrics like Mean Coin Age, Age Consumed, and Dormant Circulation all showed that while most coins have continued to age in wallets, there have been occasional spikes. During the same, older coins briefly moved, particularly in early, mid, and late-March.

Source: Santiment Such bursts often indicate profit-taking or strategic repositioning by larger holders. However, since Mean Coin Age quickly recovers after each spike, it also means that coins return to dormancy just as fast, reinforcing a broader trend of accumulation rather than sustained distribution.

Further supporting this narrative is the behavior of the Spent Output Profit Ratio (SOPR), which has largely hovered around the critical level of 1.

Source: CryptoQuant It alluded to a market in equilibrium, where neither profit-taking nor loss-driven selling has been overwhelmingly dominant. The recent drop to around 0.982 suggested another round of weak hands being flushed out, even as Bitcoin held on near the $71K-level.

Taken together, these metrics all pointed to market that may be consolidating, rather than weakening.

Similar moves in the past  These movements align with a broader shift in market behavior. For instance – A Bitcoin whale, inactive for over 13 years, recently resurfaced, signaling that even the oldest holders are beginning to reposition.

A similar pattern emerged on 24 March, where a whale deployed around $16 million into altcoins like ENA, AAVE, AVAX, along with UNI and PENDLE. All this is evidence that rather than exiting, whales might be reallocating, quietly positioning for a stronger rally on the charts ahead.

Final Summary Persistent exchange outflows reinforced the narrative of long-term holding and reduced immediate selling risk. Short-term volatility has continued to flush out weak hands, as seen through SOPR dips below 1.

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Bitcoin slips 1% in early trading hours on Thursday as reports emerged that US President Donald Trump has privately informed his advisors that he wants to wrap up the ongoing US-Iran war in the coming weeks.

President Donald Trump Tells Aides He Wants to End the US-Iran War Quickly President Trump privately told his advisors that he wants to avoid a prolonged war with Iran and hopes to end the US-Iran war in the coming weeks. He believes the conflict is in its final stages, urging officials to adhere to a four to six-week timeline.

White House officials confirmed Trump’s mid-May summit with Chinese leader Xi Jinping in Beijing, expecting the US-Iran war to end before the meeting. Trump’s visit to China was originally planned for the end of March.

pic.twitter.com/zQzsQGYD96

— Rapid Response 47 (@RapidResponse47) March 25, 2026

Trump told an associate that the war was distracting from his other priorities, The Wall Street Journal reported. He plans to focus on the upcoming midterm elections and the Safeguard American Voter Eligibility (SAVE America) Act, and deploy ICE agents to airports.

The news comes amid a ceasefire effort by Trump amid potential US-Iran peace talks. Bitcoin, oil, and gold prices have witnessed heightened volatility amid escalating geopolitical tensions in the Middle East. While de-escalation hopes previously triggered rallies in risk assets like Bitcoin, the latest comments amid a US military deployment in the Middle East caused uncertainty.

“The U.S. will hit Iran harder than they have ever been hit before if Tehran doesn’t make an agreement to end the conflict,” said White House press secretary Karoline Leavitt.

Bitcoin Dips amid Mixed Signals on Negotiations Bitcoin wavered as Iran rejected the ceasefire terms and pushed the US to agree with their own conditions to fully end the war. The conditions include removing all U.S. sanctions, compensating wartime damages, more control over the Strait of Hormuz, a ballistic missile program, and no future U.S. military action.

BTC price fell 1% lower in the last few hours, currently trading at $70,712. The 24-hour low and high are $70,558 and $71,985, respectively. Meanwhile, trading volume remained lower despite Bernstein’s Bitcoin bottoming prediction and $150K year-end target.

Oil prices rising today also erased some gains, with crypto traders eyeing more than $16 billion in Bitcoin and Ethereum options expiry on Friday. Derivatives market data showed a decline in BTC open interest over the last few hours.

Bitcoin Futures Open Interest. Source: CoinGlass

Franklin Templeton, one of the world’s largest asset managers with $1.7 trillion under management, has partnered with Ondo Finance (ONDO) to tokenize five exchange-traded funds (ETFs) for round-the-clock trading through crypto wallets.

This removes the time constraints of traditional market hours. The partnership places US equities, fixed income, and gold exposure on blockchain rails through Ondo Global Markets. 

“This marks the first time these tokenized FT-managed products are on-chain,” Ondo wrote.

The five newly tokenized ETFs include:

Franklin Focused Growth ETF Franklin Income Equity Focus ETF Franklin High Yield Corporate ETF Franklin Responsibly Sourced Gold ETF Franklin US Large Cap Multifactor Index ETF Follow us on X to get the latest news as it happens

We’re excited to announce that Ondo has partnered with Franklin Templeton (@FTDA_US), one of the world’s largest asset managers with $1.7T AUM.

Together, we’re bringing exposure to Franklin Templeton-managed investment products onchain through Ondo Global Markets. pic.twitter.com/vY2AqbiMm7

— Ondo Finance (@OndoFinance) March 25, 2026 According to Bloomberg, the initial rollout will target Europe, Asia-Pacific, the Middle East, and Latin America. Franklin Templeton noted that a US launch hinges on further regulatory clarity around on-chain distribution of registered funds by third parties.

Ondo Finance has established a dominant position in the tokenized equities sector. Data from RWA.xyz shows the platform holds roughly 60% market share, managing around $2.68 billion in distributed asset value across 265 tokenization projects.

Ondo’s Dominance in the Tokenized Stocks Sector. Source: RWA.xyzThe platform’s adoption metrics have continued to climb. Ondo currently counts 86,987 holders, a figure that rose 11.39% over the past 30 days. Monthly transfer volume stands at $2.44 billion, up 7.27%.

ONDO Price Performance. Source: BeInCrypto MarketsNotably, the news also had a positive impact on the price. BeInCrypto Markets data showed that ONDO rose nearly 6% over the 24 hours, outpacing the broader market’s 0.5% uptick. At press time, the altcoin traded at $0.26.

The cryptocurrency market’s rally has stalled in the last few hours, with Bitcoin declining below $71,000 once again.

Ether also risks dropping below $2,100 if the current market conditions persist.

Ripple’s XRP failed to take out the $1.46 resistance once again and is now trading at $1.40 per coin.

Momentum indicators remain mildly bearish, suggesting that XRP could see further selloff in the near term.

XRP’s poor performance comes despite Ripple getting onboarded to BLOOM, an initiative by the Monetary Authority of Singapore (MAS).

The project, BLOOM (short for Borderless, Liquid, Open, Online, Multi-currency), is a sandbox designed to support settlement capabilities for tokenized liabilities and regulated stablecoins.

The project seeks to take advantage of Ripple’s institutional-grade infrastructure built on the XRP Ledger (XRPL) and the Unloq platform to showcase Singapore’s interoperable settlement infrastructure. 

Ripple and Unloq will utilize assets such as stablecoins and tokenized liabilities to address existing inefficiencies in cross-border trade settlement.

While commenting on this latest development, the Ripple team said, 

“Built on the XRP Ledger, SC+ Solution, Unloq’s smart-contract-driven trade finance platform uses RLUSD to automatically trigger payments the moment the shipment is verified.”

XRP’s dip comes despite growing retail interest in the cryptocurrency.

XRP’s futures Open Interest (OI) rose to $2.52 billion on Thursday, up from the $2.41 billion recorded on Wednesday. A persistent increase in OI is required to sustain steady price increases.

Furthermore, unlike Bitcoin and Ethereum Exchange-Traded Funds (ETFs), which recorded outflows earlier this week, XRP has recorded mild inflows over the past few days.

XRP ETFs recorded an inflow of $1.4 million on Tuesday, followed by another $893,000 on Wednesday.

Current data shows net assets under management averaging $978 million while cumulative inflows stand at $1.21 billion.

XRP could rebound as the support level holdsThe XRP/USD 4-hour chart is bearish and efficient as Ripple has been consolidating over the past five days.

The coin has a mildly bearish outlook, with the Moving Average Convergence Divergence (MACD) indicator currently below the signal line, indicating a fading bullish bias.

The Relative Strength Index (RSI) reads 47 on the same chart, reinforcing a consolidating phase rather than a bullish one.

Currently, XRP is trading well below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs), keeping the broader structure under downside pressure despite the recent rally. 

The bulls are holding the $1.40 support at the moment.

If this support level fails, XRP will likely retest the weekly low of $1.36, where a decisive close below would open a deeper pullback toward the $1.30 demand zone.

However, if the market recovery continues, XRP could surge past the $1.46 weekly swing high before targeting the $1.49 resistance level, aligning with the 50-day EMA.

A solid break above this resistance level would expose XRP to the $1.54 area, which could signal a bullish switch on the higher timeframe.