Bitcoin’s Stubborn Streak: Crypto Laughs at War, Yawns at Bears

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What to know:

By Omkar Godbole (All times ET, unless the clock decides otherwise)

Well, shucks, if it ain’t Bitcoin, sittin’ pretty while the world’s a-buzz with war talk and oil prices higher than a cat in a tree. Them crypto folks are holdin’ firm, same as U.S. stock futures, while the Dollar Index and bond yields take a nap. Seems like ceasefire chatter ’tween the U.S. and Iran has folks hopin’ for a breather, though nothin’s set in stone yet.

Now, the ING folks, bless their hearts, reckon Iran’s got the upper hand with them high energy prices, so don’t go bettin’ the farm on a quick drop. And them Iranians? They’re eyein’ Trump’s peace proposal like a fox eyes a henhouse-skeptical as a cat at a dog show, according to Axios.

Meanwhile, the macro folks are singin’ a different tune. The Fed’s easin’ plans? Gone with the wind. Them rate cuts? Ain’t happenin’ this year, says the money market curve. Bad news for BTC and its risk-lovin’ cousins, but Bitcoin’s still sittin’ above $70,000 like a king on his throne. Dips? Shorter than a politician’s memory.

On the crypto front, Circle Internet’s stock took a tumble faster than a drunk on a tightrope after the Clarity Act draft hinted at clippin’ stablecoin interest wings. And Bhutan’s sellin’ off $30 million in BTC-guess they needed some pocket change. Still, Bitcoin’s holdin’ steady, like a mule on a mountain trail. Market’s got more backbone than a preacher on Sunday.

Options expiry’s comin’ up Friday, and the dynamics point to a bounce to $75,000. Keep your eyes peeled, or you’ll miss the show!

What to Watch

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.

Token Events

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.

Conferences

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.

  • Day 3 of 7: Polish Blockchain Week (Warsaw)
  • Day 2 of 3: Digital Asset Summit 2026 (New York City)
  • March 25: Crypto Assets Conference (Frankfurt, Germany)

Market Movements

  • BTC is up 2.21% from 4 p.m. ET Tuesday at $71,509.33 (24hrs: +0.68%)
  • ETH is up 2.99% at $2,184.78 (24hrs: +1.43%)
  • CoinDesk 20 is up 2.73% at 2,065.01 (24hrs: +0.93%)
  • Ether CESR Composite Staking Rate is down 7 bps at 2.74%
  • BTC funding rate is at 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
  • Nikkei 225 closed up 2.87% at 53,749.62
  • Hang Seng closed up 1.09% at 25,335.95
  • FTSE 100 is up 0.85% at 10,049.44
  • Euro Stoxx 50 is up 1.39% at 5,658.96
  • DJIA closed on Tuesday down 0.18% at 46,124.06
  • S&P 500 closed down 0.37% at 6,556.37
  • Nasdaq Composite closed down 0.84% at 21,761.89
  • S&P/TSX Composite closed up 0.18% at 31,941.59
  • S&P Latin America 40 closed up 0.43% at 3,480.97
  • U.S. 10-Year Treasury rate is up 6 bps at 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 Stats

  • BTC Dominance: 58.97% (0.16%)
  • Ether-bitcoin ratio: 0.03055 (-0.04%)
  • Hashrate (seven-day moving average): 977 EH/s
  • Hashprice (spot): $33.72
  • Total fees: 2.5 BTC / $175,777
  • CME Futures Open Interest: 116,345 BTC
  • BTC priced in gold: 15.7 oz.
  • BTC vs gold market cap: 4.77%

Technical Analysis

  • The chart shows daily swings in the bitcoin-gold ratio since July last year.
  • The ratio has bounced 23% this month, signaling bitcoin’s outperformance relative to gold.
  • However, the broader bitcoin bear market is still intact and the ratio had yet to top the trendline representing the slide since August 2025.

Crypto Equities

  • Coinbase Global (COIN): closed on Tuesday at $181.04 (-9.76%), +2.94% at $186.36 in pre-market
  • MARA Holdings (MARA): closed at $8.25 (-7.41%), +3.52% at $8.54
  • Riot Platforms (RIOT): closed at $14.33 (-0.28%), +2.72% at $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% at $9.83
  • Exodus Movement, Inc. (EXOD): closed at $7.20 (-11.33%), +6.39% at $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
  • Bullish (BLSH): closed at $37.37 (-5.51%), +1.61% at $37.97

Crypto Treasury Companies

  • Strategy (MSTR): closed at $136.25 (-1.41%), +2.97% at $140.29
  • Sharplink (SBET): closed at $7.17 (-4.53%), +3.63% at $7.43
  • Galaxy Digital (GLXY): closed at $21.30 (-1.84%), +2.58% at $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 Flows

Spot BTC ETFs

  • Daily net flows: -$66.6 million
  • Cumulative net flows: $56.31 billion
  • Total BTC holdings ~1.29 million

Spot ETH ETFs

  • Daily net flows: -$40.7 million
  • Cumulative net flows: $11.7 billion
  • Total ETH holdings ~5.79 million

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2026-03-25 14:24