Bitcoin price started a decent increase above the $70,000 zone. BTC is now consolidating and might aim for more gains if it clears $72,000. Bitcoin started a decent recovery wave above the $70,000 zone. The price is trading above $70,000 and the 100 hourly simple moving average. There was a break above a bullish flag with resistance at $70,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $70,400 and $70,000 levels. Bitcoin Price Aims Steady Gains Bitcoin price remained elevated and extended its increase above the $69,200 level. BTC climbed above the $69,500 and $70,000 resistance levels. There was a break above a bullish flag with resistance at $70,500 on the hourly chart of the BTC/USD pair. The pair even climbed above the $71,000 level. A high was formed at $71,750, and the pair is now consolidating gains near the 23.6% Fib retracement level of the recent upward move from the $68,971 swing low to the $71,750 high. Bitcoin is now trading above $70,800 and the 100 hourly simple moving average. If the price remains stable above $70,400, it could attempt a fresh increase. Immediate resistance is near the $71,750 level. The first key resistance is near the $72,000 level. A close above the $72,000 resistance might send the price further higher. In the stated case, the price could rise and test the $73,200 resistance. Any more gains might send the price toward the $74,000 level. The next barrier for the bulls could be $75,000. Another Decline In BTC? If Bitcoin fails to rise above the $71,750 resistance zone, it could start another decline. Immediate support is near the $70,400 level or the 50% Fib retracement level of the recent upward move from the $68,971 swing low to the $71,750 high. The first major support is near the $70,000 level. The next support is now near the $68,800 zone. Any more losses might send the price toward the $67,250 support in the near term. The main support now sits at $66,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $70,400, followed by $70,000. Major Resistance Levels – $71,750 and $72,000.
CryptoQuant’s Bitcoin Bull Score Index has jumped to a value of 30, indicating bearish conditions persist for the asset, but are no longer as extreme. Bitcoin Bull Score Index Has Seen A Small Uptick In a new post on X, CryptoQuant head of research Julio Moreno has talked about the latest trend in the Bull Score Index for Bitcoin. This indicator basically tells us about the phase of the market that the cryptocurrency is currently in. The metric determines this by referring to the data of ten indicators covering different aspects of the network. Some of the major on-chain indicators part of the index include the MVRZ Z-Score, Realized Price, and CryptoQuant P&L Index. Related Reading: XRP Bollinger Bands Are Squeezing—Volatility Incoming? The Bull Score Index’s value corresponds to the number of these metrics that are currently giving a bullish signal for BTC. For example, a value of 60 implies six indicators are giving the green light. Now, here is the chart shared by Moreno that shows how the Bitcoin Bull Score Index has fluctuated over the last few months: As displayed in the above graph, the Bitcoin Bull Score Index dropped to a value of zero earlier, implying that all ten indicators turned bearish on the digital asset. The red signals on the metrics came after the asset’s price experienced a significant drawdown. Recently, the Bull Score Index has observed some recovery, implying improvements in on-chain indicators. The surge hasn’t been too massive, however, taking the metric to a value of 30, corresponding to just three indicators giving bullish signals. “Bull flags that turned on were: exchange flows, stablecoin liquidity growth, and price momentum,” explained the analyst. Nonetheless, the jump has been enough to lift the Bull Score Index out of the “extra bearish” zone, corresponding to values of 20 and below. The normal bearish zone has its cutoff at 40, so at least two more indicators will have to turn green before the indicator can escape it as well. Whether the current Bull Score Index recovery will actually lead to it escaping the bearish territory may come down to whether the market recovery is part of a wider shift. The CryptoQuant head doesn’t think it’s the case, noting, “We are still in a bear market, but in a relief rally.” Related Reading: Bitcoin Short Bets Surge—Will Bears Get Squeezed? In some other news, Bitcoin sellers have taken to loss-taking on the net recently, as on-chain analytics firm Glassnode has pointed out in an X post. From the chart, it’s visible that the 90-day moving average (MA) of the Bitcoin Realized Profit/Loss Ratio is now under the 1 mark, meaning losses are outpacing profits. “Historically, breaks below the neutral level (~1) have persisted for 6+ months before reclaiming it,” said Glassnode. BTC Price Bitcoin has already recovered back above the $70,000 level from its dip under $66,000 during the weekend. Featured image from Dall-E, chart from TradingView.com
Bitcoin held near $70,000 despite oil price briefly trading around $100 a barrel, a move that would once have pushed crypto sharply lower under the usual macro playbook. According to CryptoSlate's data, the flagship digital asset climbed a modest 0.3% over the last 24 hours, reaching as high as $71,337 before retracing to $69,803 as […]
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GLD has seen outflows of about 2.7% of assets, while IBIT has seen inflows of around 1.5% of assets since the war erupted, analysts said.
Gareth Soloway, chief market strategist at VerifiedInvesting.com, is staying bullish on Bitcoin, Ethereum, and XRP despite recent volatility, and he says the charts are giving him a clear roadmap for what comes next. Bitcoin: $80,000 to $85,000 in Sight Soloway says Bitcoin is forming a classic bullish consolidation pattern. The key signal he is watching …
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The United States spent in the first six days of its war with Iran an amount equal to nearly half the current market value of the Bitcoin held by the federal government. The administration told lawmakers this week that the war cost at least $11.3 billion through its first six days, Reuters reported on March […]
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Crypto analyst Leshka has explained why it is unlikely that the Bitcoin price has bottomed even as it continues to attempt a recovery above $70,000. His analysis also aligns with predictions from analysts such as Doctor Profit, who predict that BTC could still drop to $40,000. Analyst Explains Why Bitcoin Price Hasn’t Bottomed In an X post, Leshka noted that the Bitcoin price has never bottomed after a drawdown of just 47%. He further remarked that every bear market in history saw at least 78% drawdown from the top. BTC notably saw drawdowns of around 87%; 84%; and 73% in 2013, 2017, and 2021, respectively. Related Reading: Pundit Reveals Why Bitcoin Is Headed For Another Crash To $42,000 As such, the analyst declared that the Bitcoin price is not yet at a bottom and that another flush to the downside is approaching. His accompanying chart showed that BTC could still drop to around $50,000 before it finds a macro bottom in this market cycle. Leshka noted that the leading crypto continues to retest the $72,000 resistance and has failed to hold above it on every attempt. Based on this, he predicted that a drop to $55,000 is next. Crypto analyst Doctor Profit also recently warned that the Bitcoin price hasn’t found a macro bottom, though he predicted that BTC could form a local bottom between $57,000 and $60,000. In the long term, he still expects Bitcoin to drop below $50,000 and into the low $40,000, which he believes will mark the macro bottom. Doctor Profit stated that the leading crypto could find a bottom between September and October later this year. In the meantime, he predicts that the Bitcoin price could see a relief bounce or continue trading sideways before recording another leg to the downside. BTC Is In The ‘Relief Rally’ Phase In an X post, crypto analyst Julio Moreno noted that the Bitcoin Bull Score Index has reached 30, its highest level since late October. The index phase has switched from extra bearish to bearish while bull flags have turned on for exchange flows, stablecoin liquidity growth, and price momentum. However, he warned that the Bitcoin price is still in a bear market and is simply seeing a relief rally. Related Reading: Bitcoin Candlestick Structure That Led To Crash To Below $20,000 Last Cycle Just Appeared Again Crypto analyst Benjamin Cowen noted that in bear markets, the Bitcoin price will often spend more time going up than going down. However, when it goes down, it drops very quickly, then sets a low, then trends back up for a few weeks to months before dropping again. “You can see the change in market structure from bull to bear,” he added. At the time of writing, the Bitcoin price is trading at around $69,300, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
The funding coincides with Arkade adding support for digital assets, including infrastructure designed for stablecoins like USDT on Bitcoin.
Bloomberg Intelligence senior commodity strategist Mike McGlone said bitcoin could still fall back toward and potentially below the $10,000 area, arguing that crypto remains trapped in a broader macro unwind tied to deflationary pressure, overstretched risk assets and what he described as excess across the digital-asset complex. Speaking in an interview with EllioTrades, McGlone reiterated a call he first revived when bitcoin was above $100,000: that the market could again “lop off a zero.” This time, he framed the thesis less as a pure crypto-cycle forecast and more as a macro view on what happens when speculative assets begin to roll over together. The Thesis For $10,000 Bitcoin McGlone’s core argument was that bitcoin is no longer trading as a detached alternative asset. In his telling, it has been absorbed into the same cross-asset risk regime as equities, commodities and broader liquidity conditions. “Bitcoin was one in 2009 and now there’s 37 million cryptocurrencies,” he said. “Bitcoin was one. So limited supply. But this space led the way up in risk assets… Now they’re leading the way lower.” Related Reading: Arthur Hayes Says He Wouldn’t Buy Bitcoin Yet: Wait For This He tied that view to what he sees as a post-inflation deflationary phase, with bond markets, not crypto, likely to be the next relative winners. McGlone said the sharp move in energy, metals and crypto volatility has not yet fully spilled into equities, but expects that to change. His base case is that stock-market volatility rises materially from still-subdued levels, triggering a deeper correction in both equities and digital assets. That, in turn, underpins his bitcoin target. McGlone said he is not identifying $10,000 as a precise cycle low so much as the most important long-duration trading zone in the asset’s history from 2019-2020. “If you look at the highest most widely traded price in Bitcoin since 2020, maybe even going out to 2019, it’s 10,000 or lower and has a history of fluctuating around 10,000,” he said. “So my premise is we’re going back to that level.” The strategist was especially blunt about the rest of the sector. He argued that stablecoins are the only clear structural winners inside crypto because they “track something physical,” namely the dollar and Treasury-based collateral. Everything else, he suggested, depends largely on speculative belief. He pointed to the massive growth of Tether and broader crypto-dollar supply as evidence that the base layer of the ecosystem is increasing dollar demand, not appreciation in volatile tokens. Related Reading: Bitcoin ‘Sandwiched’ Between Two Key Zones As Price Tops $71,000 – Major Move Ahead? McGlone also said the speculative excess of 2024 and 2025, amplified by memecoins, ETFs and post-election enthusiasm around Donald Trump, may have marked a durable top for the broader asset class. “The bottom line is these risk assets have to prove me wrong,” he said. “Otherwise, I see us navigating and riding a bear market in equities, a bull market in volatility that’s barely getting started.” EllioTrades pushed back on both the magnitude of the bitcoin call and the idea that crypto is effectively “dead,” arguing that Bitcoin could still reassert itself as a debasement hedge and that stablecoin-based agentic commerce, privacy use cases and a post-washout class of surviving projects could support a future recovery. He also argued that, while many tokens may still go to zero, the surviving tokens of the market may follow a familiar purge-and-rebirth pattern seen in earlier cycles. McGlone did not rule out that crypto eventually finds a bottom. But his message was that the market is not there yet. For now, he said, bitcoin and the wider complex are still behaving like risk assets in a bear phase and until equities correct more meaningfully and stay down for a while, rallies should be treated with caution rather than as proof that the cycle has turned. At press time, Bitcoin traded at $69,890. Featured image created with DALL.E, chart from TradingView.com
Bitcoin (BTC) is currently navigating a trading range between $60,000 and $73,000, entering what analytics platform CryptoQuant describes as “the most frustrating phase in the cycle.” According to a recent analysis by CryptoQuant contributor MorenoDV, Bitcoin finds itself in a period characterized by heightened uncertainty, with market signals indicating more hesitation than firm conviction. Bear Market Signals Three key on-chain metrics point to a psychologically challenging phase for market participants, specifically Apparent Demand, the CryptoQuant Bull Market Cycle Indicator, and the Long-Term Holder SOPR. Related Reading: Ripple Launches $750 Million Share Buyback, Boosting Valuation To $50 Billion After the most recent sell-off, Apparent Demand initially showed signs of recovery, suggesting that opportunistic buyers were stepping in to capitalize on the recent price drop. However, this uptick was short-lived, quickly retreating to negative territory. Moreno also emphasized the absence of persistent buying pressure in the Bitcoin market, which he believes shows that market players are still cautious and hesitant to aggressively accumulate BTC at current prices. The CryptoQuant Bull Market Cycle Indicator, as seen in the chart below, further reinforces this sentiment, as it currently signals a phase typically associated with bear market consolidation. Moreover, the analyst noted that the behavioral dynamics at play can influence the cost bases of various market cohorts. He asserts that as short-term holders realize losses or transition to longer-term holders, the realized prices of Bitcoin can decline. Lastly, the Long-Term Holder SOPR metric is beginning to show that even seasoned investors are starting to realize losses, dropping below the crucial threshold of 1. Historically, this tends to arise in the later stages of bear markets when extended uncertainty erodes even the staunchest beliefs in the asset’s value. Bitcoin Eyes $72,000–$73,000 Resistance Level In the context of geopolitical events, Bitcoin has demonstrated resilience, outperforming gold and traditional stocks during the recent US-Israeli attack on Iran. Crypto stocks have also benefited, given their ability to be traded at any hour, unhindered by banking schedules. Gabe Selby, head of research at CF Benchmarks, told Fortune: Crypto’s 24/7 structure is increasingly an edge for the asset class. When the Iran conflict escalated over the weekend, crypto-native markets were the only venue open for global risk trading, a structural advantage that traditional markets cannot replicate. Additionally, Bitcoin has seen a positive uptick of about 4% following President Trump’s comments suggesting that the war may be winding down. Trump stated, “I think the war is very complete, pretty much,” adding that Iran has “nothing left in a military sense.” Related Reading: XRP Price Outlook: Analyst Foresees New All-Time Highs Above $40 In 2026 While attempting to consolidate near $70,000 at the time of writing, Bitcoin is also seeking to break through its recent local high in the $72,000-$73,000 resistance zone, which was unsuccessfully tested last week. Selby emphasized that a sustained close above this threshold with significant volume could shift the narrative from a mere short squeeze to a genuine momentum recovery. Featured image from OpenArt, chart from TradingView.com
Bitcoin price failed to extend its recovery wave above the $70,500 zone. BTC is now consolidating and might decline again below $68,500. Bitcoin started a decent recovery wave above the $68,500 zone. The price is trading above $68,650 and the 100 hourly simple moving average. There is a key declining channel or a possible bullish flag forming with support at $68,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $68,400 and $68,000 levels. Bitcoin Price Faces Key Resistance Bitcoin price remained elevated and extended its increase above the $68,800 level. BTC climbed above the $69,500 and $70,000 resistance levels. The bulls pushed the price above the 61.8% Fib retracement level of the downward move from the $74,062 swing high to the $65,645 low. However, the bears are still active near $71,200. The price failed to extend gains and started a bearish wave below $70,000. Bitcoin is now trading above $68,800 and the 100 hourly simple moving average. There is also a key declining channel or a possible bullish flag forming with support at $68,400 on the hourly chart of the BTC/USD pair. If the price remains stable above $68,400, it could attempt a fresh increase. Immediate resistance is near the $70,000 level. The first key resistance is near the $70,500 level. A close above the $70,500 resistance might send the price further higher. In the stated case, the price could rise and test the $71,200 resistance. Any more gains might send the price toward the $72,000 level or the 76.4% Fib retracement level of the downward move from the $74,062 swing high to the $65,646 low. The next barrier for the bulls could be $72,650. More Downside In BTC? If Bitcoin fails to rise above the $70,500 resistance zone, it could start another decline. Immediate support is near the $68,800 level. The first major support is near the $68,400 level. The next support is now near the $68,000 zone. Any more losses might send the price toward the $67,250 support in the near term. The main support now sits at $66,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $68,400, followed by $68,000. Major Resistance Levels – $70,500 and $71,200.
Bybit blocked more than $300 million in unauthorized withdrawals during the final quarter of last year — a figure that puts February’s total crypto theft losses in sharp relief. Related Reading: Bitcoin Crosses 20 Million Coins Mined — And Only 1 In 20 Remains According to security firm Nominis, close to $50 million was stolen across the entire crypto industry last month, a fraction of what Bybit alone says it turned away in just three months. Attackers Home In On Human Error The drop from January’s $385 million in losses might look like progress, but security researchers say the more significant story is where the attacks are coming from. Social engineering — scams that trick people into handing over access — caused more cumulative damage in February than traditional software exploits did. Phishing campaigns climbed sharply during the month, with criminals sending fraudulent messages designed to get users to click malicious links or sign transactions they shouldn’t. The most common method was authorization abuse. Victims were manipulated into granting wallet permissions without realizing what they’d approved. Once those permissions were in place, attackers could move funds out freely. Private individuals bore the brunt of these attacks, not exchanges or large protocols. One Breach Drove Most Of The Damage A single incident accounted for most of February’s losses. Step Finance, a portfolio analytics platform built on Solana, was drained of approximately $30 million. Strip that one event out, and February would have been remarkably quiet by recent standards. The broader numbers back that up. Blockchain security company PeckShield put February losses at $26.5 million — the lowest monthly figure since March 2025. PeckShield credited stronger risk controls and better security practices across the industry for part of the decline. Big Losses Still Loom Over The Industry Even with a quieter month on the books, the industry’s annual toll remains staggering. Data from Chainalysis shows crypto hacks cost the industry $3.4 billion last year. That figure underscores how much ground still needs to be covered before theft can be called a contained problem. Related Reading: Bitcoin ETFs Break 5-Month Streak With 2nd Consecutive Week Of Inflows Bybit’s own numbers offer a window into how much active work that requires. The exchange said its fraud systems flagged roughly 350 high-risk addresses and stopped around 8,000 users from falling into potential scams — all in a single quarter. Reports indicate that while large-scale protocol attacks appear to be easing, the rise in scams targeting everyday users signals that criminals are simply redirecting their efforts. Better smart contract audits and stronger on-chain monitoring may be closing one door. But as long as people can be deceived into approving the wrong transaction, another door stays open. Featured image from Trillium Mutual Insurance, chart from TradingView
A privacy-focused stablecoin tied to Circle has quietly become part of the story behind Cardano’s recent jump in decentralized finance activity. Related Reading: Bitcoin’s Valuation Model Hints At $500K Cycle Average, Analyst Says The token, called USDCx, was brought into the Cardano ecosystem earlier this year as part of a broader push to grow the network’s financial infrastructure — and the numbers that followed have drawn attention across the crypto community. Cross-Chain Ambitions Drive Capital Into Cardano Protocols Data shows Cardano’s total value locked — a measure of assets committed to DeFi services like lending and liquidity pools — climbed from 447 million ADA on February 26 to 552 million ADA by March 10. That’s a gain of roughly 23% in under two weeks, according to stake pool operator Dave, who shared the figures on X. In US dollar terms, the move was smaller. Analytics platform DeFiLlama tracked the network’s TVL rising from about $127 million to approximately $142 million over the same stretch — a roughly 12% increase. The gap between the two figures comes down to ADA’s own price movement during that period, which pushed up the native token count without a matching rise in dollar value. Still, the flow of capital is real. Reports indicate roughly 105 million ADA moved into Cardano-based DeFi protocols during those 12 days. Cardano’s DeFi TVL has increased an impressive 23.5% in just 12 days. On 26 February it stood at $447.13M. Today it sits at $552.35M. That is roughly $105M of additional value now locked in Cardano DeFi protocols in just 12 days. Cardano is growing. — Dave (@ItsDave_ADA) March 10, 2026 The stablecoin market cap on Cardano has reached around $48 million, a marker that backers say reflects growing confidence in the network’s financial rails. That figure sits alongside a broader buildout the Cardano community voted to fund. Last year, close to 50 million ADA was approved to strengthen the network’s DeFi infrastructure — money aimed at making the chain more competitive with established players. Hoskinson Eyes Bitcoin And XRP Bridge Deals This Year Cardano founder Charles Hoskinson has been vocal about what comes next. He has confirmed that talks around cross-chain bridges — connections that would allow assets to move between Cardano and networks like Bitcoin and XRP — will pick up pace this year. Those bridges are listed as one of five core priorities in Cardano’s 2026 roadmap, which Hoskinson has described as a make-or-break period for the project’s DeFi ambitions. The network’s TVL, even after its recent climb, remains a fraction of what more established chains command. Ethereum’s DeFi ecosystem holds tens of billions of dollars in locked assets. Solana’s figure also runs well ahead of Cardano’s current $142 million mark. Related Reading: Bitcoin Crosses 20 Million Coins Mined — And Only 1 In 20 Remains Cardano Community Bets Big On Infra Spending What distinguishes the current moment for Cardano is the combination of governance-approved spending, new stablecoin integrations, and stated plans to open the chain to outside liquidity. Whether the momentum holds will depend in large part on how quickly those cross-chain connections are built and how much capital they attract. Featured image from Altify, chart from TradingView
Bitcoin (BTC) has been consistently trading below $75,000 for the past 35 days, after falling below this level on February 4. This month, the flagship cryptocurrency hit $74,031 following optimism around favorable regulations, but has since pulled back to trade at $70,525 at press time. Source: CoinMarketCap The Bitcoin $75K sell wall Several recent developments …
The security architecture surrounding Bitcoin continues to evolve as new infrastructure emerges to support self-custody and advanced on-chain protections. A notable step in this direction is the integration between Babylon Labs and Ledger. By combining Babylon’s protocol-level vault system with Ledger’s hardware wallet security, the collaboration seeks to strengthen how users store, manage, and interact with BTC in decentralized environments. How Babylon And Ledger Aim To Strengthen Bitcoin Self-Custody The Babylon platform is expanding access to Trustless Bitcoin Vaults through a new integration with Ledger. According to the Babylon Labs post on X, once the integration goes live in the second half of the year, users will be able to authorize BTCVault transactions directly from a ledger device using clear signing. This will allow 8 million Ledger users to review and approve vault operations on a secure hardware screen. Related Reading: Bitcoin On-Chain Data Identifies Unusual Market Cap Behavior – Details These Trustless BTC Vaults are anchored directly on the BTC base layer and enable external applications to verify that BTC collateral remains locked in place while enforcing predefined collateralization conditions. This vault architecture utilizes cryptographic mechanisms to execute rules, such as unlocking funds or triggering a liquidation event, rather than relying on discretionary control. By combining Babylon’s vault architecture with Ledger’s secure signing infrastructure, BTCVault workflows can connect with the hardware security that many BTC holders already rely on for self-custody. As part of the broader rollout, Ledger devices will also support Babylon’s native asset, BABY, on Ledger devices. A Familiar Pattern Emerges In Bitcoin’s Orderbook Data As noted by Crypto analyst Ardi, the latest order book data is showing a pattern that has appeared at key moments in the market before. Currently, asks on Bitcoin have climbed to a two-month high, with roughly $1.57 billion in sell-side liquidity stacked above the current price compared with about $1.125 billion in bids below. This shift indicates around 40% more supply than demand within 5% of the market price. Related Reading: No Rebound For Bitcoin Yet — Short-Term BTC Holders Continue Holding At A Loss Ardi pointed out that the last time the asks reached a similar high level was during the retest that followed the $98,000 fakeout in January. In that case, BTC briefly broke above the fakeout range, price re-entered it, and then retested the level while the sell-side liquidity accumulated heavily above the retest price. Now, the BTC market structure appears to be retesting after the $72,000 fakeout, with orderbook data showing a similar signature. In this setup, bids below the price act as a support cushion, while asks above the price form a resistance wall. When Asks liquidity spikes to multi-month highs during a retest, it suggests that participants are using price rebounds as opportunities to sell into strength. However, Ardi cautions that orderbook liquidity can be removed at any time, and the recurring pattern of elevated asks during post-fakeout retests has shown a specific track record on this chart. Featured image from Getty Images, chart from Tradingview.com
Institutional investors are beginning to pull capital out of XRP after a month of steady inflows, raising new questions about whether confidence in the digital asset is weakening. Lately, XRP has experienced significant volatility, sending its price crashing below $1.4. If this downtrend continues alongside capital outflows, it would not be surprising if market participants begin to wonder whether now may be the right time to sell their bags to avoid deeper losses. XRP Records Outflows As Other Digital Assets Attract Capital XRP currently stands apart from the rest of the crypto market, and not in a good way. According to a CoinShares digital asset fund flows weekly report, XRP recorded substantial outflows of $30.3 million last week. The decline stands in contrast to the broader digital asset investment market, which continued to attract new money during the same period. Related Reading: Buying XRP At These Prices Is Like Buying Bitcoin At $200 Across all digital asset investment products, CoinShares reports that total inflows had jumped to $619 million. Early in the week, the market also showed strong demand, with $1.44 billion flowing into crypto funds during the first three days. However, the trend reversed toward the end of the week, with investors withdrawing $829 million on Thursday and Friday. According to CoinShares analysts, the negative shift in sentiment came as oil prices rose, complicating inflation expectations. This occurred even though US payroll data came in weaker than expected, a development that would normally support risk assets like cryptocurrencies, but failed to do so. Investors Become More Selective About Crypto Despite the late-week reversal, the total inflows show that institutional interest in digital assets has remained relatively strong, especially amid ongoing geopolitical tensions involving the US, Israel, and Iran. Still, the distribution of those flows shows that investors are becoming more selective about capital allocation, with XRP notably absent from the list of assets attracting new institutional money. Related Reading: XRP Starts New Week With Bullish Confirmation, But This Level Is A Problem Instead, funds are concentrated on larger assets such as Bitcoin, Ethereum, and Solana, leaving XRP outside the current focus of institutional demand. CoinShares reports that Bitcoin attracted the vast majority of new capital, with $521 million flowing into related investment products. At the same time, $11.4 million moved into short Bitcoin products, reflecting a divided outlook among investors. Notably, Ethereum recorded $88.5 million in inflows, while Solana brought in $14.6 million. Smaller allocations were also directed toward Uniswap and Chainlink. Against this backdrop, XRP was the only major digital asset to experience significant outflows. The recent withdrawals could signal that institutions are rotating capital from XRP into assets with stronger narratives or higher expected returns. For investors, this shift could raise questions about whether it is time to sell. Although institutional outflows do not automatically signal a price decline, they can indicate weakening confidence among large investors. If these outflows continue in the coming weeks, it could be a sign of caution ahead. Featured image from Pxfuel, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Arthur Hayes is still structurally bullish on Bitcoin. He just does not think now is the moment to buy. Speaking on the Coin Stories podcast on March 10, the BitMEX co-founder and Maelstrom CIO said he would stay patient until a more familiar macro catalyst arrives: central bank liquidity. In Hayes’ telling, a prolonged Iran war and the credit stress that could follow from AI-driven economic disruption may ultimately force the Federal Reserve back into money printing, and that, rather than the conflict itself, is the signal he is waiting for. “If I had $1 to invest right now, would I be putting it into Bitcoin? No. I would wait,” Hayes said near the end of the interview. “I think that the longer that this conflict goes on, the higher the likelihood that the Fed has to print money to support the American war machine and that’s when I’m going to buy Bitcoin when the central banks start printing money.” That distinction mattered throughout the conversation. Hayes pushed back on the idea that war is automatically bullish for Bitcoin, arguing that the real transmission mechanism is liquidity expansion. “If you’re saying, ‘Okay, war is good for Bitcoin,’ what you’re really saying is war means money printing. Money printing is good for Bitcoin,” he said. “So wait for the money printing. Don’t try to time it because you could get it wrong.” Related Reading: Bitcoin Short Bets Surge—Will Bears Get Squeezed? Arthur Hayes Sees More Bitcoin Pain Ahead The argument fits a broader framework Hayes laid out across the interview: Bitcoin is less a clean debasement trade than a “liquidity alarm,” one that is already reacting to tightening conditions, credit stress and a lack of fresh dollar creation. He tied that view to the rise of AI, which he said could accelerate white-collar job losses, pressure private credit and banking exposures, and force markets to price in a much sharper economic break than many currently expect. “I think it’s going to happen faster than people think just because of the exponential nature of how fast AI is improving,” Hayes said. “It only takes 10 to 20% [job displacement]. And then the leverage in the banking system will do the rest. At some point the market goes, ‘Oh, this is worth zero.’” In that scenario, he said, the market’s recognition of the problem could come well before the full economic damage is visible in the data. Regional banks, private credit and broader financial equities could reprice violently, with deposit flight and emergency Fed support following close behind. That is the moment Hayes sees as far more constructive for Bitcoin than the current backdrop. Related Reading: Bitcoin Stabilizes, But Glassnode Warns Spot Demand Is Still Weak Still, his near-term caution did not extend to Bitcoin’s long-run role. Hayes described himself as “structurally very very long” crypto and argued that the case for non-state money is stronger now than it was at Bitcoin’s launch. He also warned against shaping the industry around institutional preferences, saying crypto should not reduce itself to a more complicated version of traditional finance. “Bitcoin got from zero to whatever $66,000 whatever the price is today with no government support, unclear regulations, hostile banking infrastructure and regulators,” Hayes said. “So why are we bending over backwards to try to gain acceptance from these folks who don’t have our best interest at heart?” He was equally dismissive of conspiracy-driven explanations for weak market performance, including claims that market makers are deliberately suppressing Bitcoin’s price. More often, he said, losses come down to poor positioning, bad timing or leverage used by traders who are not equipped for crypto’s pace. For investors frustrated that Bitcoin has not delivered instant life-changing returns, Hayes’ answer was blunt: adjust expectations. “The market’s job is not to make you money. The market’s job is to take your money,” he said, arguing that long-term compounding still matters far more than trying to force a six-month windfall. At press time, BTC traded at $69,538. Featured image created with DALL.E, chart from TradingView.com
The Bitcoin price is hovering near $69,926, but not everyone is convinced the worst is over. In fact, some voices like Arthur Hayes in the market are openly saying they wouldn’t buy right now even if they had fresh capital ready to deploy. In a recent appearance on the Coin Stories podcast, he made it …
Crypto analyst Doctor Profit has provided insights into what to expect from the Bitcoin price after it dropped below $70,000 over the weekend. This comes as the leading crypto continues to face pressure due to the U.S.-Iran war and volatile oil prices. What To Expect From The Bitcoin Price In an X post, Doctor Profit said that he expects the Bitcoin price to move sideways between $57,000 and $87,000. The analyst noted that this sideways price action is not bullish but a preparation for what is coming in the next few months for the leading crypto. He predicts that BTC could drop to between $50,000 and $44,000 in the coming months. Related Reading: Bitcoin Is Repeating 2022 Playbook That Triggered Crash To $17,500 Doctor Profit also noted that the Bitcoin price is mirroring the 2022 price action, when BTC fell 52% from its all-time high (ATH) before rising 44% from its low, then falling again. As such, the leading crypto is expected to follow the same fractal and rally to the upside in the coming months, then drop below $60,000. The analyst said that market psychology supports a relief bounce, as the fear and greed index is currently at an extreme level of fear. As such, the Bitcoin price could move in the opposite direction, with many expecting a decline. Doctor Profit added that before the next leg down, the market needs to create additional liquidity in the downside and take the liquidity that was built to the upside. The Bitcoin price, however, continues to face huge resistance at the $70,000 level, negating any sustained rally. BTC also faces pressure amid the Iran war, which continues to make oil prices volatile. The leading crypto had climbed to as high as $71,000 yesterday but sharply dropped below $70,000 following reports that Iran was moving to deploy Naval mines at the Strait of Hormuz. Another Local Bottom Could Form Between $57,000 and $60,000 Doctor Profit said he considers $57,000 to $60,000 the local bottom but not the macro bottom, and expects this area to be tested multiple times. The analyst described this range as where it makes sense to buy. He also believes that there is no reason to sell at the moment because upside potential remains. Related Reading: Bitcoin Bear Market Could Be Shrinking, But Are We Watching History Repeating Itself? Doctor Profit said that the largest and most aggressive long-term bets will be placed much lower between the $50,000 level and into the low $40,000. This is where the analyst plans to re-enter the market with “serious size” ahead of the next bull cycle. This is also the area he expects the Bitcoin price to form a macro bottom. The analyst expects the Bitcoin price to drop to the $50,000 to $40,000 range between September and October later this year. In the meantime, he predicts that BTC will continue to see a “long and boring” sideways price action. At the time of writing, the Bitcoin price is trading at around $69,800, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Strive's Bitcoin acquisition signals a strategic shift in corporate treasury management, potentially influencing broader market dynamics and investor strategies.
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Central banks aren’t buying it. Billionaire investor Ray Dalio doesn’t trust it as a safe haven. And Bitcoin is trading 44% below its October peak while gold sits near all-time highs. Related Reading: Bitcoin Crosses 20 Million Coins Mined — And Only 1 In 20 Remains That’s the backdrop against which Bitwise Asset Management’s chief investment officer is making the case that Bitcoin could still reach $1 million a coin within a decade. A Different Way To Run The Numbers Most people who shoot down the $1 million forecast do so by pointing out what it would take for Bitcoin to swallow up half of gold’s current market value. Matt Hougan says that’s the wrong calculation. According to Hougan, the error is treating gold’s market cap as a fixed number rather than a moving one. Gold has grown at roughly 13% annually since 2004, climbing from $2.5 trillion to around $38 trillion — driven by rising government debt concerns, geopolitical tension, and loose monetary policy. Hougan projects that if gold’s trajectory holds, the broader store-of-value market will reach around $121 trillion within 10 years. At that scale, Bitcoin would only need to capture 17% of the total — about one-sixth — to be worth $1 million per coin. That’s a notably different ask than the 50% figure critics typically cite. Hougan also pointed to institutional investment as a driver. Exchange-traded funds, sovereign wealth funds, and growing portfolio allocations are all being cited as forces that could push Bitcoin’s market share higher over the next decade. “There are still miles to go,” he wrote in a blog post, “but capturing a sixth of the store-of-value market in 10 years doesn’t seem extreme.” The Gap Between Thesis And Charts The argument rests on Bitcoin behaving more like gold over time. Right now, it isn’t. Gold struck a record high above $5,327 per ounce in late January and remains within 2.2% of that level. Bitcoin, by contrast, has been sliding. It’s down sharply from its highs, even as the macroeconomic conditions — debt concerns, inflation uncertainty, geopolitical friction — that typically lift gold have remained very much in play. Research out of NYDIG addressed this gap directly in early March. Bitcoin does not appear to be getting priced as a macro hedge, a sovereign risk hedge, or an inflation trade, according to the firm’s global head of research. That disconnect explains the frustration around Bitcoin’s failure to track gold despite the “digital gold” label that has followed it for years, NYDIG said. Dalio’s Pushback Dalio added his voice to the skeptics’ side earlier this month, arguing that gold remains a far stronger long-term store of value. His reasoning: central banks are buying gold, not Bitcoin. And Bitcoin, he said, trades less like a commodity hedge and more like a tech stock — something that follows risk appetite rather than countering it. Related Reading: Bitcoin ETFs Break 5-Month Streak With 2nd Consecutive Week Of Inflows Bitcoin & Iran-US War Bitcoin’s recent price action tells the story plainly. A US-Israeli military strike on Iran in late February triggered over $300 million in crypto liquidations, pushing Bitcoin lower before a partial recovery followed signals that the conflict could be winding down. It moved with risk appetite, not against it — which is exactly the behavior Dalio and others point to when they argue Bitcoin still has a long way to go before it earns the gold comparison. Featured image from Unsplash, chart from TradingView
Bitcoin is holding up near the upper $60Ks–$70K region despite a sharp macro shock, showing relative resilience versus equities and other risk assets. Related Reading: Bitcoin Reclaims $70,000 as Iran War Jitters Ease and Volatility Cools Bitcoin Is Resilient Enough Bitcoin appears to have passed the first stress test of the Iran shock and its aftermath. As we covered yesterday, Bitcoin snapped back above $70,000 after Iran war jitters eased, oil backed off its spike, and derivatives stress started to cool, turning a brutal liquidation into a fast‑acting relief rally. Since then, BTC has absorbed another wave of macro nerves, briefly sliding below $63,000 on the latest risk‑off flush before clawing its way back into the high‑$60,000s/low‑$70,000s range. QCP Capital’s March 11 “Market Colour” note leans into that idea, arguing that Bitcoin has shown “notable resilience following the latest geopolitical shock”. A Tale Of Caution However, despite the recovery being encouraging, QCP’s Market Colour note also suggests that the price actions “looks more like stabilization than a full return to risk-on positioning”. This caution is reflected by the options markets. Implied volatility has cooled from the extreme spike after the last sell‑off and now sits in the mid‑50s, but 25‑delta risk reversals remain negative, showing traders still pay a premium for short‑dated downside puts versus upside calls. Spot BTC is holding up, but options desks don’t yet believe in an explosive upside; they are still hedging against another leg lower, in line with QCP’s observation that downside protection remains in demand. Related Reading: Bitcoin Robbery: French Couple Held Hostage As Fake Cops Steal €900K in BTC “Stagflation” Risk For Bitcoin QCP’s reading of BTC’s recent activity frames it in “stagflationary shock”. Stagflation is the worst possible macro mix for traders: growth is stalling, inflation is still hot, and the Fed can’t easily save risk assets without risking even more inflations. Since tensions escalated in the Middle East and oil ripped toward the $120 area, global markets have been trading a stagflation narrative: softer stocks, higher yields, and an inflation shock driven by energy rather than growth. As we recently highlighted, macro analyst Alex Krüger argues that the Iran‑driven oil shock of 2026 looks more transitory than the 2022 Russia shock, with futures pricing still suggesting markets expect supply chains to heal rather than a prolonged energy crunch that would force the Fed into panic hikes What Traders Should Look For Caught between its “digital gold” narrative and its behaviour as a high‑beta macro asset, bitcoin cannot amount to a clean safe‑haven victory lap just yet. Instead, the tape and the options surface are sending a more nuanced message: spot is resilient, but big players are still paying for downside protection and treating every bounce as a potential fade if the macro data breaks the wrong way. For traders, the setup is binary around the incoming CPI and the energy tape. A benign inflation print and calmer oil could finally flip this from “stagflation scare” to “soft‑landing hope”. A hotter‑than‑expected CPI, by contrast, would validate the stagflation narrative, reward those who stayed hedged, and reopen the door to a deeper retest of the mid‑$60,000s before any attempt at new highs. BTC’s price trends to the downside on the daily chart. Source: BTCUSD on Tradingview Cover image from Perplexity, BTCUSD chart from Tradingview
Bitcoin exchange reserves have fallen to roughly 2.7 million BTC, the lowest since 2018, as investors withdraw coins to private wallets and long‑term custody, tightening available supply. This outflow, partly driven by U.S. spot ETF and institutional accumulation, reduces immediate sell‑side liquidity and creates a structural supply squeeze that can amplify price moves. Meanwhile, about 40-45 % of …
The crypto market has remained resilient amid the war, and Bitcoin has recovered quickly from the red zone. Currently hovering near $ 70,000 USD, BTC has also boosted confidence in altcoins. Following NVIDIA’s February earnings report, AI Crypto coins such as TAO, NEAR, ICP, RENDER, FET, and Virtuals have been volatile. It’s time to monitor …
The case highlights the complexities of international financial crime enforcement and the challenges in proving illicit origins of digital assets.
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Bitcoin (BTC) is retesting resistance levels as its price recovers the $71,000 mark. However, an analyst has warned that the bear market is expected to continue and that the latest bounce could be short-lived. Related Reading: Dogecoin Risks More Pain As Price Retests Critical Support – Analyst Warns Of 37% Breakdown Bitcoin Eyes Reclaim Of Former All-Time High Resistance On Tuesday, Bitcoin surged 7.5% from the Sunday lows toward the $71,000 area, retesting this key level for the second time in a week before momentarily retracing toward the $69,000 level. The cryptocurrency has been trading between the $63,000-$71,000 price range over the past month, briefly surging above the upper boundary during last week’s market bounce. However, BTC’s price has failed to hold its multiple breakout attempts amid the market volatility. In a Monday analysis, market watcher Rekt Capital observed that Bitcoin is interacting with two key levels that form “an important overhead resistance”: the 2021 and 2024 all-time highs (ATHs) at $69,000 and $71,300, respectively. As the analyst explained, these levels turned into resistance in the monthly timeframe after the flagship cryptocurrency closed February at $66,970. Since then, BTC has repeatedly tested these key levels from below in the daily timeframe but has failed to reclaim them. Instead, it has produced upside wicks above $69,000 and $71,300, signaling that the former ATHs are acting as rejection levels in shorter timeframes and could become key resistance if it monthly closes below them. “For Bitcoin to begin shifting this structure, price would need to Monthly Close above $69,000 by the end of March to position itself for a reclaim of the 2021 All Time High as support,” the analyst asserted. “Similarly, the 2024 All Time High at $71,300 would likely require multiple Monthly Closes above the level in order to properly establish a reclaim process,” he added. BTC Bounce To Be Short-Lived? While the former ATHs risk turning into resistance, Rekt Capital noted that Bitcoin is currently finding crucial support at the 50-month Moving Average (MA), around the $64,000-$65,000 area. Historically, the flagship crypto has initially reacted from this level in bear markets, but eventually loses it as support. The recent bounce from the 50-month MA is enabling BTC to test the 2021 and 2024 ATHs as resistance “for the time being.” However, once the breakdown occurs, the level usually becomes a new resistance before further downside continuation follows. Now, “Bitcoin is effectively sandwiched between two key reactive zones,” he affirmed, which could lead to short-term relief before the mid-term downside continues. Related Reading: Hyperliquid Traders Rise in Arms as Bitcoin Hits 7-Day Low And Oil Soars The analyst also observed that BTC appears to be only halfway through the bear market, leaving the door open for further downside. In an X post, he noted that BTC’s shortest bear market lasted around 365 days, while it is currently just over 150 days into the current one. Other analysts have suggested that the cryptocurrency could follow the 2022 cycle playbook. At the time, the price significantly retraced from the cycle peak, consolidated for months, and then had a final bull trap before its second major correction wave toward the market bottom. As of this writing, Bitcoin trades at $71,307, a 3% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Standard Chartered’s Geoffrey Kendrick says Bitcoin could still face a final washout to $50,000 before recovering sharply, arguing that the current drawdown looks more like a macro-led tech capitulation than a crypto-specific breakdown. Speaking on Deribit’s Crypto Options Unplugged, Kendrick, the bank’s global head of digital assets research, said he still expects Bitcoin to end the year at $100,000 and reach $500,000 by 2030, even as he warned that the near-term setup remains fragile. “Picking the bottom is always extremely difficult,” Kendrick said, framing the recent selloff as mostly orderly outside a few volatile weeks. He argued that institutional positioning has held up better than many expected, pointing to relatively sticky ETF exposure and continued buying from MicroStrategy even after the stock’s premium to net asset value fell below one. Related Reading: 43% of Bitcoin Supply Is In Loss As Market Nears Bear Territory Still, Kendrick said the market may not be done deleveraging. “I suspect we could still see that final capitulation. Now, it could be macro driven,” he said. “Bitcoin and crypto assets more broadly is still very highly correlated with the Nasdaq.” In his view, weaker earnings from large US tech names over the next few months, combined with a lack of immediate Federal Reserve support, could drag crypto lower alongside equities. That, he said, is what makes the $50,000 level plausible. Kendrick compared the potential move with prior cycle drawdowns, noting that a decline to that zone would still be shallower than the roughly 75% peak-to-trough drop seen in the previous cycle. The key difference this time, he argued, is the absence so far of a major internal crypto failure on the scale of FTX. Why Kendrick Is Long-Term Bullish On Bitcoin Even so, Kendrick’s medium- and long-term thesis remains emphatically bullish. He tied that outlook less to short-term trading flows than to what he sees as a structural shift driven by stablecoins and tokenized real-world assets. Last year, when stablecoins stood around $200 billion, Kendrick projected they could grow to $2 trillion by the end of 2028. He said the market is now closer to $300 billion, with much of that demand coming not from crypto trading but from savings use cases in emerging markets. “What’s replaced it has primarily been savings in emerging markets,” Kendrick said, referring to stablecoins’ original role as on-off ramps for crypto trading. “On my estimate of the $300 billion, about $200 [billion] is for EM savings use case.” He added that much of that capital appears to sit in large wallets and turns over infrequently, suggesting it is being used more as stored value than transactional float. Related Reading: Bitcoin SOPR Ratio Shows Early Capitulation—But Not Full Bottom Yet Kendrick’s broader argument is that this trend could have macro consequences well beyond crypto. If stablecoin issuers absorb close to $1 trillion in additional T-bill demand over the next three years, he said, the US Treasury may respond by shifting issuance toward the front end, flattening the yield curve and reinforcing dollar demand. In his telling, that liquidity effect could eventually become a tailwind for risk assets, including Bitcoin. “I think we go down to, let’s say, $50,000 and back to $100,000 by the end of this year and $500,000 by 2030,” Kendrick said. “Ironically, if stablecoins are massive and Genius Act is as it is, the inflow of cash on liquidity and flattening yield curve and all that sort of stuff becomes massively supportive of Bitcoin medium term.” He extended that optimism across other large-cap crypto assets. Kendrick said he sees Ethereum reaching $40,000 and Solana hitting $2,000 by 2030, with Ethereum benefiting from stablecoin and tokenization activity and Solana from ultra-low-cost transaction flows and micropayments. He also projected tokenized real-world assets could grow from roughly $40 billion today to $2 trillion by the end of 2028. For now, though, Kendrick’s message was less about chasing momentum than about separating market price from underlying adoption. “Pretty much all the underlying metrics, if you like, have been improving,” he said. “Except for the price.” At press time, Bitcoin traded at $70,260. Featured image from YouTube, chart from TradingView.com
The last full Bitcoin could be mined sometime in the 2090s. Only fractions will follow until roughly 2140, when the final satoshi is expected to be produced. Related Reading: Bitcoin ETFs Break 5-Month Streak With 2nd Consecutive Week Of Inflows That endpoint moved one step closer Sunday when miners pulled the 20 millionth coin from the network — exactly 17 years, two months, and one week after the first block was mined in January 2009. A Pool Called Foundry USA Did The Work The Foundry USA mining pool mined that coin at block height 939,999, collecting a reward of 3.125 BTC. That figure reflects the current payout level set by the April 2024 halving, which cut daily network production from 900 BTC to roughly 450 BTC. The 20 million mark means 95.24% of all Bitcoin that will ever exist is now out in the world. For every 20 coins already mined, just one remains to be created. The remaining 1 million will take about 114 years to fully issue. Not All 20 Million Coins Are Accessible According to blockchain analytics firms River Financial and Chainalysis, between 2.3 million and 3.7 million BTC are gone permanently — lost to forgotten passwords, misplaced private keys, and early holders who never passed on wallet access. Recent data has estimated about 1.8 million coins were lost during Bitcoin’s earliest years, when the asset had little value and storage infrastructure was unreliable. Another 230 BTC is locked forever due to the original genesis block and early outputs written with scripts that cannot be spent. The practical supply available to buy, sell, or hold sits well below 20 million. Miners Face A Long-Term Revenue Problem The same halving schedule that caps Bitcoin’s supply also shrinks miner income over time. Daily issuance will fall below 30 BTC by the 2040s and below 2 BTC per day by the 2060s. Related Reading: Bitcoin’s Valuation Model Hints At $500K Cycle Average, Analyst Says Once subsidies approach zero, transaction fees become the only compensation miners receive for securing the network. Whether those fees can sustain robust protection remains unanswered. The milestone arrived while Bitcoin traded around $69,282, down nearly 21% year-to-date. Despite pressure from macroeconomic uncertainty and Middle East conflict, it gained about 3.44% over the past week. The next halving is scheduled for April 11, 2028, cutting the block reward from 3.125 BTC to 1.5625 BTC. Featured image from Unsplash, chart from TradingView