Bitcoin price remains stuck below $72,000, as investor distribution, low whale activity, and declining network growth cast doubt on BTC's short term prospects. Bitcoin (BTC) price struggled to break above $72,000, as several key onchain metrics highlighted weakening demand for BTC, casting doubts on its upside potential. Key takeaways: Bitcoin investors shift to distribution as whales and smaller cohorts aggressively sell under weak market conditions. Read more
Bitcoin is beating gold during the Iran war, but its dependence on liquidity cycles keeps the safe haven narrative in question. Before the Iran war broke out, Bitcoin spent months trading sideways while gold rallied to record levels. At the time, gold was seen as the go-to safe haven; inflation concerns remained persistent and geopolitical tensions continued to build, while Bitcoin (BTC) failed to live up to that role. Nearly a month after the US and Israel launched the first strikes on Iran on Feb. 28, that view is being challenged. Bitcoin initially fell to $63,176 on the news of the attacks but has since risen about 12% to $71,012, as of Wednesday. Read more
Bitcoin traders agreed that BTC price action needed to retake $72,000 to open up the odds of further upside as gold and US stocks gained. Bitcoin (BTC) returned to $72,000 on Wednesday as gold continued its rebound from four-month lows. Key points: Bitcoin price performs a support retest of its 50-day moving average before hitting $72,000. Read more
Bitcoin bounced back above $71,000 after US President Donald Trump’s administration sent a proposal to Iran aimed at ending the war. Bitcoin (BTC) rose back above $71,000 during the early Asian trading hours on Wednesday after Trump’s administration offered a 15-point plan to Iran to end the war, sparking short-term optimism across risk assets. Key takeaways: Bitcoin bounces 4% to $71,500 after President Trump sent Iran a 15-point proposal aimed at ending the war. Read more
Bhutan moved 519 Bitcoin from its state-linked wallet, extending a March drawdown that has cut its sovereign stash far below 2024 levels. Bhutan moved more Bitcoin from its state-linked wallet on Wednesday, extending a March drawdown in its sovereign holdings. Arkham data showed a Bhutan government-linked wallet transferred about 519.7 BTC, worth roughly $36.7 million, to two wallets on Wednesday. Onchain Lens said one of the destination wallets was linked to trading firm QCP Capital. The move marked the Bhutan-tagged wallet’s third large Bitcoin transfer in March, following the $72 million moved in six separate transactions in the 24 hours leading up to March 18, and the $11.8 million moved on March 9. Read more
A crypto wallet tied to a convicted drug dealer thought to have lost his wallet keys transferred 500 Bitcoin to Coinbase on Tuesday. Irish national police say they have cracked one of 12 Bitcoin wallets linked to a convicted drug dealer, years after they were confiscated and their access codes were thought to be gone forever. Ireland’s Criminal Assets Bureau (CAB) said in a statement on Tuesday that it had “gained access to and seized a cryptocurrency wallet” containing 500 Bitcoin (BTC), worth more than $35 million, with the help of Europol's European Cybercrime Centre. “Europol hosted operational meetings at its headquarters in The Hague, the Netherlands and provided critical support to Bureau investigators and analysts with the provision of highly complex technical expertise and decryption resources vital to the success of the operation,” the CAB said. Read more
Falling tech stock prices and rising bond yields have forced a rush for cash, preventing Bitcoin from gaining any bullish momentum. Key takeaways: Investors dumped gold and bonds for cash as war-driven oil spikes and inflation forced a defensive market stance. Rising yields and a 20% rate hike chance signal a tight outlook, leaving Bitcoin vulnerable amid soaring US debt. Read more
Lombard CEO Jacob Phillips announced at the Digital Asset Summit that the platform enables institutions to earn yield and borrow against Bitcoin without moving assets out of custody. Lombard, a company building Bitcoin-based lending infrastructure, will team with Bitwise Asset Management to enable institutions to earn yield and borrow against Bitcoin (BTC) without moving assets out of custody, aiming to unlock hundreds of billions of dollars in Bitcoin held in institutional custody. The partnership was announced Tuesday at the Digital Asset Summit in New York. Jacob Phillips, CEO and co-founder of Lombard, told Cointelegraph: Read more
Bitcoin volatility rose as stablecoin flows surged to $440 billion over the weekend, highlighting investors’ pivot to cash as BTC spot and futures activity decreased. Bitcoin (BTC) holders are gradually becoming less prone to panic selling and instead building up cash buffers to deploy during discounted BTC buying opportunities. Onchain data supports this view, highlighting a large surge in stablecoin activity, with USD Coin (USDC) and Tether’s USDt (USDT) transfers reaching a combined $440 billion on March 22. This shift in investor behavior aligns with the increasing risk-off approach seen in markets as the United States Federal Reserve dismissed near-term interest rate cut expectations, amid rising energy prices due to the ongoing US and Israel-Iran war. Bitcoin’s recent price action highlights a volatile market. It dropped 3.75% to $67,300 on Sunday before rebounding above $71,700 on Monday, with the move largely driven by news around the US and Israel-Iran war. Read more
BTC price fell below $70,000 on macro tensions as analyst considered a possible bullish "regime shift" already starting to play out for Bitcoin. Bitcoin (BTC) fell below $70,000 at Tuesday’s Wall Street open as macro assets fell over Iran war tensions. Key points: Bitcoin fails to turn $70,000 support as macro selling pressure sparks losses across global assets. Read more
Omnes and Apex plan to issue a tokenized Bitcoin mining debt note on Base, giving eligible non-US investors exposure to hashrate-linked returns. Financial technology company Omnes and financial services provider Apex Group said on Tuesday that they plan to issue a tokenized secured debt note backed by Bitcoin hashrate on Base. The two companies announced that they would tokenize the Omnes Mining Note (OMN), an institutional-grade structured note backed by the Bitcoin (BTC) hashrate. The companies said it will be issued and managed on the Base blockchain, Coinbase’s Ethereum layer-2 network. Apex said the note is designed to give institutional investors “direct economic exposure to new Bitcoin production measured in hashrate” without the operational burden of managing mining hardware, energy procurement and facilities. Read more
Past oil-war shocks lifted inflation and hurt risk appetite, which raises the risk of Bitcoin falling below $50,000 in 2026. Bitcoin (BTC) has been among the best-performing assets amid the US–Iran war, but signs of upside exhaustion are emerging due to an “out-of-control” bond market. Key takeaways: US benchmark yields may rise by 200 basis points if the US–Iran war drags on further. Read more
Bitcoin Yardstick data confirmed a new record for BTC price "deep value" in February as miners battled the lowest price levels in 15 months. Bitcoin (BTC) is “off the chart” in terms of value-for-money as price diverges from hash rate, a market analyst says. Key points: Bitcoin price action is diverging from hash rate to an extent never seen before. Read more