By Omkar Godbole (All times ET unless otherwise noted)
Bitcoin and the broader crypto market is growing despite the geopolitical whiplash. While the resilience is impressive, a change in the uptrend requires a firm move above $75,000.
On Monday, President Donald Trump announced a five-day delay in strikes against Iran, saying talks were underway. This calmed the markets and took bitcoin above $71,000. The optimism did not last long. Iran quickly denied any negotiations and Israel continued its attacks on the country, which responded by targeting Tel Aviv overnight.
Nevertheless, Bitcoin remained stable and looks to extend yesterday’s 4.47% rise, the largest since March 4. Ether (ETH), XRP (XRP), and solana (SOL) are following BTC’s lead, as usual, alongside a 4% 24-hour jump in the CoinDesk 20 Index.
While this rise is encouraging for bulls, the real test will be around $75,000, which has been a major turning point at least twice in the past 12 months. The March-April 2025 decline ran out of steam at around $75,000, while the early 2024 rally ran into resistance. Additionally, $75,000 corresponds to key Fibonacci retracement levels.
“Although the leading cryptocurrency did not immediately take advantage of the bullish momentum and extend its gains, simply remaining at these high levels now suggests confidence among the bulls. They are gradually developing a more optimistic outlook,” Alex Kuptsikevich, chief market analyst at FxPro, said in an email.
“However, it would be premature to declare the end of the downtrend until prices settle above $75,000, where the March pivot points and the 61.8% Fibonacci retracement level of the January-February decline are concentrated.”
In other words, a convincing move above $75,000 would confirm a bullish recovery. Solana’s SOL token, which is trading near $90, could become a star player in this case.
“Sol is the brightest spot. Near $91, this shows that risk appetite is not dead. The institutional privacy framework angle is important in the long term because it is about making Sol tradable for larger pools of capital, not just faster for retail trading,” said Marex’s research team, led by crypto trading analyst Louis De Backer.
At the same time, crypto investors’ demand for traditional assets is pushing exchanges to expand their offerings, with a race underway to launch 24/7 perpetual stock futures contracts. Today, OKX announced the launch of more than 20 equity perpetual swaps, providing traders with around-the-clock exposure to some of the world’s most popular stocks.
In traditional markets, attention remains focused on the volatility of US Treasury yields, which could limit the rise of risky assets in the near term. Over time, sustained volatility could prompt the Federal Reserve to intervene, paving the way for a more risk-friendly environment. 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 24, 8:15 a.m.: Weekly evolution of ADP employment in the United States (previous 9,000)
- March 24, 9:45 a.m.: US S&P global composite PMI flash for March (previous 51.9); Manufacturing PMI index (previous 51.6); Services PMI (previous 51.7)
- March 24, 6:30 p.m.: Speech by Fed Governor Michael Barr on “Economic Outlook and Community Development” at the National Community Investment Conference in Phoenix.
- Earnings (Estimates based on FactSet data)
- March 24: GameStop (GME), post-market, $0.31
Token Events
For a more comprehensive list of this week’s events, check out CoinDesk’s “Crypto Week Ahead.”
- Votes and calls on governance
- StakeDAO’s sdSPECTRA votes on the Spectra gauge weight assignment for the period March 26 – April 1, 2026. Voting closes March 24.
- March 24: Axie Infinity will host a Lunacian show with updates on the future of the ecosystem.
- Unlocks
- 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 0.57% from 4 p.m. ET Wednesday at $71,224.20 (24 hours: +4.30%)
- ETH is unchanged at $2,159.68 (24 hours: +5.85%)
- CoinDesk 20 is up 0.34% at 2,046.50 (24h: +4.15%)
- Ether CESR composite staking rate is down 2 basis points to 2.81%
- BTC funding rate is 0.0063% (6.8602% annualized) on Binance
- DXY is up 0.34% at 99.29
- Gold futures are up 0.28% at $4,416.60
- Silver futures are up 1.44% at $70.04
- The Nikkei 225 closed up 1.43% at 52,252.28
- Hang Seng closed 2.79% higher at 25,063.71
- The FTSE 100 is down 0.20% at 9,874.59
- The Euro Stoxx 50 is down 0.47% at 5,548.16
- DJIA closed Monday up 1.38% at 46,208.47
- The S&P 500 closed up 1.15% at 6,581.00
- The Nasdaq Composite closed up 1.38% at 21,946.76
- The S&P/TSX Composite Index closed up 1.81% at 31,883.81
- The S&P 40 Latin America closed up 2.07% at 3,222.70
- The 10-year U.S. Treasury yield is down 6 basis points to 4.33%
- E-mini S&P 500 futures are down 0.18% at 6,623.00
- E-mini Nasdaq-100 futures are down 0.10% at 24,383.75
- E-mini Dow Jones Industrial Average futures are down 0.23% at 46,415.00
Bitcoin Statistics
- BTC dominance: 59.12% (0.07%)
- Ether-bitcoin ratio: 0.03033 (-0.06%)
- Hashrate (seven-day moving average): 983 EH/s
- Hash price (spot): $33.61
- Total fees: 2.45 BTC / $171,175
- Open interest on CME futures: 116,490 BTC
- BTC valued in gold: 16.1 ounces.
- Market capitalization BTC vs gold: 4.75%
Technical analysis
- The chart shows the daily price fluctuations of ether in candlestick form since May 2025.
- ETH price appears stuck in an unstable trading range, within a broader downtrend.
- A potential move above $2,440 would confirm a double breakout, signaling a bullish shift.
Crypto Stocks
- Coinbase Global, Inc. (COIN): Closed Monday at $200.62 (+1.58%), +0.78% at $202.18 in pre-market
- Galaxy Digital (GLXY): closed at $21.70 (+4.73%), +0.28% to $21.76
- MARA Holdings, Inc. (MARA): closed at $8.91 (+5.32%), +0.56% to $8.96
- Riot Platforms, Inc. (RIOT): close at $14.37 (+7.40%), +0.42% to $14.43
- Core Scientific, Inc. (CORZ): closed at $16.58 (+4.87%), –0.18% at $16.55
- CleanSpark, Inc. (CLSK): closed at $9.98 (+6.17%), +0.50% at $10.03
- Exodus Movement, Inc. (EXOD): closed at $8.12 (+10.03%), unchanged in pre-market
- CoinShares Bitcoin Mining ETF (WGMI): Closed at $39.40 (+4.56%), +0.15% to $39.46
- Circle Internet Group (CRCL): closed at $126.64 (+0.48%), –0.39% at $126.15
- Bull (BLSH): closed at $39.55 (+4.16%), –0.96% at $39.17
Crypto Cash Companies
- Strategy (MSTR): closed at $138.20 (+1.87%), +0.61% at $139.04
- Strive Asset Management, LLC (ASST): closed at $10.44 (+4.19%), –0.48% at $10.39
- Sharplink, Inc. (SBET): closed at $7.51 (+1.49%), unchanged in pre-market
- Upexi, Inc. (UPXI): closed at $1.17 (+10.38%), +0.85% to $1.18
- Lite Strategy, Inc. (LITS): closed at $1.18 (+0.85%)
ETF Feed
Spot BTC ETF
- Daily net flows: $167.2 million
- Cumulative net flows: $56.38 billion
- Total BTC holdings ~1.29 million
ETH Spot ETF
- Daily net flows: -$16.2 million
- Cumulative net flows: $11.74 billion
- Total ETH holdings ~5.8 million
Source: Farside Investors
