BTC Today
Bitcoin fell 3.3% to $68,915 from yesterday's $71,260Institutional narrative remains constructive despite geopolitical pressure
  • MARA's $1.1B Bitcoin sale showcases strategic corporate treasury management
  • Fannie Mae crypto mortgage program signals mainstream housing finance adoption
  • JPMorgan identifies Bitcoin safe-haven demand during Middle East conflict
  • Iran war tensions pressure risk assets but Bitcoin shows relative resilience
  • White House advances crypto 401(k) regulatory pathway

Market Snapshot

Market Cap

$1.38T

24h Volume

$51.78B

Dominance

56.4%

Institutional Flows

Recent outflows including -$173.7M on Mar 24 and -$70.7M on Mar 25, following mixed flows earlier in March with some large inflows and overall monthly decline to $890M

  • Mar 24 total ETF net outflow of $173.7M across multiple funds including IBIT -$73.5M
  • Mar 25 ETF net outflow of $70.7M
  • Mar 23 ETF net inflow of $196.9M led by IBIT $156.3M
  • Fidelity FBTC largest single outflow of $340M on March 18

Aggregated from public reports

Macro Context

How Bitcoin fits into the macro picture

Bitcoin trades in geopolitical crossfire as Iran war tensions drive oil to $107/barrel, raising recession fears and inflation concerns. Federal Reserve policy outlook remains uncertain amid energy price shocks, while fiscal deficits expand under wartime spending. DXY strength pressures risk assets, but Bitcoin shows relative resilience compared to gold and equities during the crisis.

Bitcoin demonstrates partial safe-haven characteristics, outperforming precious metals and maintaining institutional inflows despite broader risk-off sentiment.

BTC vs Everything

Asset24hYTDBTC Edge
SPX
NDX
XAUUSD
DXY
ETH
SOL

Top Stories

neutralThe Block
MARA Sells $1.1B Bitcoin to Fund Strategic Debt Buyback

Marathon Digital sold 15,133 Bitcoin for $1.1 billion to repurchase $1 billion in convertible notes at a 9% discount, reducing debt by 30%. The move strengthens balance sheet for expansion into AI infrastructure while cutting dilution risk.

miningcorporate

Expert Insights

What credible voices are saying

Charles Edwards
Charles EdwardsFounder, Capriole Investments

Bitcoin is in a deep value zone near the bottom rather than the top, with strong support in the $50,000-$60,000 range based on mining cost of production data. BTC won't rise to new all-time highs without addressing the quantum computing risk, which core developers have not prioritized enough. Resolving this threat would quickly push prices upwards.

MEXC live broadcast | 2026-03-13

Nikolaos Panigirtzoglou
Nikolaos PanigirtzoglouManaging Director, JPMorgan

JPMorgan forecasts increased institutional-led flows into Bitcoin in 2026. Bitcoin's growing appeal as a lower-volatility hedge compared to gold could drive it to $266,000 in a long-term volatility-adjusted scenario if it captures comparable safe-haven investment share.

MEXC News report on JPMorgan analysis | 2026-03

Carol Alexander
Carol AlexanderProfessor of Finance, University of Sussex

Bitcoin will trade in a high-volatility band of $75,000 to $150,000 in 2026, averaging around $110,000. This choppy range reflects the transition from retail-driven to institutionally distributed liquidity, which dampens extreme swings but keeps prices elevated.

MEXC News report | 2026-03

Peter Brandt
Peter BrandtVeteran Investor

In a worst-case technical breakdown, Bitcoin could decline to $25,000 if the parabolic advance from 2024-2025 fails to hold key support levels.

Finbold report | 2026-03

Adoption Tracker

Institutional
Fannie Mae Enables Bitcoin-Backed Mortgages

Government-sponsored enterprise accepts Bitcoin and USDC as collateral for conforming mortgages through Coinbase partnership. This represents the first crypto-backed lending in the US housing finance system.

The Block

Infrastructure
Anchorage Brings Tron Within Regulatory Framework

First federally chartered firm to custody Tron, bringing the stablecoin-heavy blockchain inside US regulatory perimeter. Move addresses compliance concerns for major blockchain with $60B+ stablecoin volume.

The Block

Regulatory & Legal

United Statespositive
White House Advances Crypto 401(k) Rule Review

OIRA completed review of Labor Department proposal that could allow crypto exposure in the $10 trillion 401(k) retirement market. The rule advances through federal regulatory process after clearing White House oversight.

The Block

Japannegative
Japan's FSA Flags KuCoin Over Derivatives Violations

Financial Services Agency warned KuCoin for offering OTC derivatives without proper registration. The exchange faces regulatory scrutiny for unauthorized products and services in Japanese markets.

Cointelegraph

Brazilneutral
Brazil Authorizes Seized Crypto for Public Security

New law allows authorities to use confiscated crypto for police equipment and operations against organized crime. The legislation expands government powers to freeze and repurpose digital assets from criminal investigations.

CoinDesk

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Technical Signals

Momentum (RSI)

Neutral zone

46.4

Measures buying/selling pressure. Below 30 may signal a buying opportunity; above 70 may mean a pullback is due.

50-Day Average

$68,867

Short-term trend

200-Day Average

$91,762

Long-term trend

30-Day Low

$67,000

Support level

30-Day High

$72,000

Resistance level

Price trades near the 50-day moving average with RSI in neutral territory, suggesting consolidation continues. Breaking above $72K resistance or below $67K support will signal the next directional move.

Network Fundamentals

Security and infrastructure metrics from Mempool.space

Hashrate

986 EH/s

Block Height

942,371

Difficulty

133.8T

Mempool

17,404 tx

9.1 MB

Next Halving

107,629 blocks remaining

48.8%

Supply Dynamics

On-chain scarcity signals

Spot market behaviour has turned constructive, with Binance and aggregate exchange flows transitioning into buy-dominant regimes; Coinbase sell pressure has materially eased

Long-Term Holder supply continues to trend lower but at a materially slowed rate of decline compared to aggressive Q3-Q4 2025 distribution, with net realized profits moderating to 12.8k BTC per week from cycle peaks above 100k. Price is testing a dense LTH supply cluster at $93k-$110k accumulated in Q2 2025, where absorption of this distribution is key for trend reversal. Institutional accumulation hit 81,200 BTC in January 2026, outpacing new mining supply by 6:1, tightening available float amid constructive spot flows.

Upcoming Events

5days

Trump Iran Strike Decision

Five-day pause on Iran energy strikes expires, market impact pending

2026-03-31

222days

2026 Midterm Elections

Congressional elections with Stand With Crypto mobilizing pro-crypto candidates

2026-11-03

?TBD

Bitcoin Halving

Next halving approximately 107,629 blocks away (48.75% complete)

TBD

Forward Outlook

Next 24–72 hours

Sophisticated investors should monitor Fannie Mae's crypto collateral policy for immediate follow-through, as the reported acceptance of Bitcoin and USDC through Coinbase and Better Home & Finance partnerships could trigger a cascade in the $10 trillion US housing market. FHFA directives under Director Bill Pulte urge treating crypto on regulated exchanges as reserves without liquidation, per recent agency guidance, potentially aligning with the 2026 multifamily loan cap hike to $88 billion per entity from $73 billion last year. Any Selling Guide updates like SEL-2022-04 amendments would de facto regulate broader lender adoption, unlocking bitcoin-based mortgages and signaling federal modernization amid taxpayer-backed liquidity.

Institutional positioning merits close watch on miner balance sheets and bank flows, with Marathon Digital's $1.1 billion Bitcoin sale of 15,133 coins to retire $1 billion in convertible notes at a 9% discount slashing debt by 30% and dilution risk. This funds AI infrastructure pivots, a trend JPMorgan highlights alongside bitcoin's safe-haven resilience versus gold and silver ETF outflows during Iran tensions, per their analysis. Expect copycat moves from peers like Riot or CleanSpark if bitcoin holds above key supports, alongside custody inflows at Coinbase tied to mortgage collateral.

Macro risks center on Middle East escalation amplifying bitcoin's decoupling from precious metals, with liquidity strains in traditional havens potentially driving $50-100 million institutional reallocations in 48 hours if conflict widens. Regulatory clarity from FHFA or SEC on virtual currency reserves could catalyze 5-10% spot volatility, while MARA's post-buyback equity trades signal expansion conviction. Position for theta decay in short-dated options unless volume spikes confirm directional bias.