By Omkar Godbole (All times ET unless otherwise noted)
Bitcoin and the broader crypto market are holding strong alongside U.S. stock futures as oil prices, bond yields and the dollar index soften following signs that ceasefire negotiations between the United States and Iran could begin as soon as Thursday.
However, nothing is confirmed, and it is perhaps too early to position ourselves on a complete return to normal, according to some observers.
“We are not experts in geopolitics, but we would have thought that Iran would have maximum leverage over high energy prices in any negotiation,” ING analysts said. “So it’s probably too early to expect a significant drop in energy prices or a much weaker dollar this week.”
Skepticism also remains on the Iranian side. According to Axios, officials have told Pakistan, Egypt and Turkey that recent U.S. military moves have heightened suspicions that Trump’s peace proposal may be a ruse.
Macroeconomic conditions are also becoming less favorable. The U.S. money market curve has now priced in any Fed easing this year, a sharp change from prior expectations of at least two cuts of at least 25 basis points, which were seen as a key bullish catalyst for BTC and other risk assets.
On the crypto front, the flow of information hasn’t helped either. Circle Internet (CRCL) shares fell Tuesday after a clarity bill was leaked suggesting limits on interest payments on unused stablecoin balances. Meanwhile, Arkham Intelligence reported that Bhutan could sell around $30 million worth of BTC, with the government still holding 4,453 coins worth around $315.9 million.
Despite these headwinds, bitcoin continues to hold above $70,000, with declines proving short-lived. A market that refuses to fall on negative news often signals underlying strength, potentially paving the way for more upside. Momentum from Bitcoin’s impending options expiration on Friday indicates potential for a rebound to $75,000. Stay vigilant!
Read more: For analysis of current altcoin and derivatives activity, see Crypto Markets Today
What to watch
For a more comprehensive list of this week’s events, check out CoinDesk’s “Crypto Week Ahead.”
- Cryptocurrency
- Macro
- March 25, 8:30 a.m.: Monthly prices of US imports for February est. 0.2% (previous 0.2%); MoM export price (previous 0.6%)
- Earnings (Estimates based on FactSet data)
Token Events
For a more comprehensive list of this week’s events, check out CoinDesk’s “Crypto Week Ahead.”
- Votes and calls on governance
- Unlocks
- March 25: Humanity (H) will release 4.19% of its circulating supply worth $10.1 million.
- Token Launches
Conferences
For a more comprehensive list of this week’s events, check out CoinDesk’s “Crypto Week Ahead.”
Market movements
- BTC is up 2.21% from 4 p.m. ET Tuesday at $71,509.33 (24 hours: +0.68%)
- ETH is up 2.99% at $2,184.78 (24 hours: +1.43%)
- CoinDesk 20 is up 2.73% at 2,065.01 (24 hours: +0.93%)
- Ether CESR composite staking rate is down 7 basis points to 2.74%
- BTC funding rate is 0.0005% (0.4960% annualized) on Binance
- DXY is down 0.15% at 99.29
- Gold futures are up 3.13% at $4,536.90
- Silver futures are up 4.38% at $72.31
- The Nikkei 225 closed up 2.87% at 53,749.62
- Hang Seng closed 1.09% higher at 25,335.95
- The FTSE 100 is up 0.85% at 10,049.44
- The Euro Stoxx 50 is up 1.39% at 5,658.96
- DJIA closed Tuesday down 0.18% at 46,124.06
- The S&P 500 closed down 0.37% at 6,556.37
- The Nasdaq Composite closed down 0.84% at 21,761.89
- The S&P/TSX Composite Index closed up 0.18% at 31,941.59
- The S&P Latin America 40 closed up 0.43% at 3,480.97
- The 10-year US Treasury yield is up 6 basis points to 4.39%
- E-mini S&P 500 futures are up 0.68% at 6,651.25
- E-mini Nasdaq-100 futures are up 0.86% at 24,422.75
- E-mini Dow Jones Industrial Average futures are up 0.67% at 46,727.00
Bitcoin Statistics
- BTC dominance: 58.97% (0.16%)
- Ether-bitcoin ratio: 0.03055 (-0.04%)
- Hashrate (seven-day moving average): 977 EH/s
- Hash price (spot): $33.72
- Total fees: 2.5 BTC / $175,777
- Open interest on CME futures: 116,345 BTC
- BTC valued in gold: 15.7 ounces.
- BTC vs. gold market capitalization: 4.77%
Technical analysis
- The chart shows daily fluctuations in the bitcoin-gold ratio since July last year.
- The ratio has rebounded 23% this month, signaling bitcoin’s outperformance relative to gold.
- However, the broader Bitcoin bear market is still intact and the ratio has yet to break above the trendline representing the decline since August 2025.
Crypto Stocks
- Coinbase Global (COIN): Closed Tuesday at $181.04 (-9.76%), +2.94% to $186.36 in pre-market
- MARA Holdings (MARA): closed at $8.25 (-7.41%), +3.52% to $8.54
- Riot Platforms (RIOT): close at $14.33 (-0.28%), +2.72% to $14.72
- Core Scientific (CORZ): closed at $16.85 (+1.63%), +2.43% at $17.26
- CleanSpark (CLSK): closed at $9.58 (-4.01%), +2.61% to $9.83
- Exodus Movement, Inc. (EXOD): closed at $7.20 (-11.33%), +6.39% to $7.66
- CoinShares Bitcoin Mining ETF (WGMI): Closed at $38.87 (-1.35%)
- Circle Internet Group (CRCL): closed at $101.17 (-20.11%), +3.04% at $104.25
- Bull (BLSH): closed at $37.37 (-5.51%), +1.61% at $37.97
Crypto Cash Companies
- Strategy (MSTR): closed at $136.25 (-1.41%), +2.97% at $140.29
- Sharplink (SBET): closed at $7.17 (-4.53%), +3.63% to $7.43
- Galaxy Digital (GLXY): closed at $21.30 (-1.84%), +2.58% to $21.85
- Strive Asset Management, LLC (ASST): closed at $9.93 (-4.89%), +2.01% at $10.13
- Upexi (UPXI): closed at $1.11 (-5.13%), +2.70% at $1.14
- Lite Strategy (LITS): closed at $1.20 (+1.69%)
ETF Feed
Spot BTC ETF
- Daily net flows: -$66.6 million
- Cumulative net flows: $56.31 billion
- Total BTC holdings ~1.29 million
ETH Spot ETF
- Daily net flows: -$40.7 million
- Cumulative net flows: $11.7 billion
- Total ETH holdings ~5.79 million
Source: Farside Investors
