A shallower Bitcoin drawdown than previous cycles "indicates a maturing market with reduced volatility and stronger institutional confidence," said Nick Ruck, director of LVRG Research. Bitcoin (BTC) has declined by about 50% this market cycle, far less than in previous cycles, Fidelity Digital Assets said, adding this trend could continue over time. Bitcoin’s post-all-time-high drawdowns have historically been steep, at about 80% to 90%, but this cycle has been about 50%, Fidelity Digital Assets research analyst Zack Wainwright said Tuesday. One can see the “diminishing returns” that have developed from cycle to cycle when looking at Bitcoin’s price performance from the perspective of the previous all-time high, he said. Read more
Block cut 4,000 of its staff in February as part of its AI-driven pivot. A new post by Block's Jack Dorsey has shed light on how the company and others might operate in the future. Block co-founder Jack Dorsey has shared his vision of a future workplace where artificial intelligence could take the role of middle managers, weeks after the company cut around 4,000 employees because of AI. In a blog post on Tuesday, Dorsey and Block’s lead independent director, Roelof Botha, said AI can track projects, identify issues, assign work and share critical information faster than humans, adding that Block is in the “early stages” of transitioning toward a model where the technology performs these tasks. “We're questioning the underlying assumption: that organizations have to be hierarchically organized with humans as the coordination mechanism,” they said. Read more
“There’s a myth in mainstream media and social media that insider trading doesn’t apply in the prediction markets … That is wrong,” said CFTC enforcement director David Miller. The US commodities regulator’s chief enforcement director sent a cautionary message to prediction market insider traders on Tuesday, vowing that violators will face enforcement action. “We are aware of the speculation about insider trading,” CFTC enforcement director David Miller said at a panel at New York University on Tuesday. “We are watching.” Miller, a former federal prosecutor who was appointed to the position on March 2, said the Commission will use its prosecutorial discretion and will not dedicate resources to “trivial” cases. Read more
Bitfarms said it was impacted by a decline in Bitcoin prices last year. The company is now five months into its pivot from Bitcoin mining to HPC and AI. Bitfarms (BITF) shares climbed 6.6% on Tuesday despite reporting a widened $284.5 million net loss for 2025, driven by a decline in Bitcoin prices and a high cost of revenue, with the company advancing its pivot to AI and high-performance computing. The company’s full-year results statement on Tuesday showed a 72% year-on-year increase in revenue to $229 million. This was outweighed by $248 million in cost of revenue, leading to a gross loss. General and administrative expenses also increased year over year, while the change in fair value of digital assets led to a $50.5 million loss in 2025 compared with a gain of $26 million in 2024. This was partially offset by a $28.2 million realized gain on the sale of digital assets. Read more
Solana’s declining DEX volumes raise the likelihood of a SOL price correction to $75, but the network’s DApp revenue highlights its resilience. Key takeaways: Solana outperforms Ethereum in high-revenue DApps, providing a fundamental cushion against recent price drops. Rising Ethereum Layer-2 dominance challenges SOL as traders monitor the critical $80 support level for a retest. Read more
Bitcoin held gains above $68,000 as investors leaned into news that the US and Iran were ideating ways to end the war. Will markets hold their newfound bullishness? Bitcoin (BTC) briefly jumped to $68,589, and US stock markets rallied as investors reacted to US President Donald Trump's statements on considering options for ending the US and Israel-Iran war. Separate, unconfirmed comments attributed to Iranian President Masoud Pezeshkian also suggested that Iran may be looking for ways to end the war. On Tuesday, reporting from The Wall Street Journal said that President Trump told his aides that he could consider ending the war in Iran, with the Straight of Hormuz remaining partially closed, but an official statement has not been given. Unconfirmed reports also suggest that Iran’s president is looking for a way to exit the conflict with certain assurances being made by the US and Israel. Regardless of the accuracy of the statements from either president, the DOW gained more than 1,125 points, while the S&P ...
The conflict in Iran has been escalating following US and Israeli strikes against Iran in February, which sent oil prices higher and crypto and broader markets tumbling. Update: April 1, 1:30 am UTC: This article has been updated to include more details surrounding US President Donald Trump’s comments and background information. US President Donald Trump said the US could wrap up its military campaign in Iran within weeks, claiming the goal of eliminating Iran’s nuclear capabilities had been achieved. Speaking to reporters at the White House during an executive order signing ceremony on Tuesday, Trump said the exit could come within two to three weeks because “there’s no reason for us to do this.” Read more
The Crypto Fear and Greed Index remains pinned in the ‘extreme fear’ zone, but Bitcoin’s lengthy consolidation phase above the $60,000 support may be a positive sign. The Crypto Fear and Greed Index currently exhibits “extreme fear” with a reading of 11, and the condition has held for 12 consecutive days. Although there was a brief recovery between March 17 and March 18, the index has stayed in “extreme fear” since Jan. 28. Traders use the index as a contrarian metric for monitoring investor sentiment as it is comprised of volatility, volume, social trend and market momentum data. With that view in mind, in previous bull and bear markets, traders interpreted “extreme fear” readings as dip-buying opportunities, but given how bearish market conditions have been since January, it’s possible that the signal could be invalid. Read more
The #2 Texas state official called on lawmakers to study “the sudden inundation of prediction market gambling“ as other jurisdictions take the platforms to court. Dan Patrick, Lieutenant Governor and President of the Senate in Texas, has included a study of prediction markets and crypto and blockchain as part of legislative priorities for the state’s next legislative session, scheduled to begin in January. In a Friday announcement, the lieutenant governor’s office issued 2026 interim charges for Texas Senate committees to study in preparation for the next legislature. Patrick said that the charges were intended to “advance the priorities of Texas’ conservative majority,” including an analysis of prediction markets and digital assets. According to the charges, Patrick wants lawmakers to focus on “closing gambling loopholes” by studying “the sudden inundation of prediction market gambling and the exploitation of federal law to circumvent Texas gambling prohibitions” on elections. Read more