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On March 26, according to Cointelegraph, Bitcoin's price continues to be pressured below $72,000, with multiple on-chain data points indicating a weakening market demand and limited short-term upside potential. Data shows a shift in investor behavior from "accumulation" to "distribution," with both whale addresses and smaller holder addresses exhibiting signs of selling or halting further accumulation. Concurrently, the activity of large transactions has fallen to a cyclical low, as "smart money" in the market adopts a wait-and-see approach amidst uncertainties surrounding policies (such as the "Clarity Act") and geopolitical situations. Furthermore, on-chain activity has seen a continuous decline, with core metrics like the number of active addresses and transaction counts weakening, reflecting overall network demand fatigue. The mining sector is also under pressure, with the total network hash rate dropping by approximately 22% from its early March peak. Amidst rising energy costs, miners' profitability has decreased, leading to the shutdown of some mining operations and intensifying market concerns about "miner capitulation" and potential increased selling pressure.

[Bitcoin Struggles Below $72K as Four On-Chain Metrics Signal Weakening Demand]On March 26, according to Cointelegraph, Bitcoin's price continues to be pressured below $72,000, with multiple on-chain data points indicating a weakening market demand and limited short-term upside potential. Data shows a shift in investor behavior from "accumulation" to "distribution," with both whale addresses and smaller holder addresses exhibiting signs of selling or halting further accumulation. Concurrently, the activity of large transactions has fallen to a cyclical low, as "smart money" in the market adopts a wait-and-see approach amidst uncertainties surrounding policies (such as the "Clarity Act") and geopolitical situations. Furthermore, on-chain activity has seen a continuous decline, with core metrics like the number of active addresses and transaction counts weakening, reflecting overall network demand fatigue. The mining sector is also under pressure, with the total network hash rate dropping by approximately 22% from its early March peak. Amidst rising energy costs, miners' profitability has decreased, leading to the shutdown of some mining operations and intensifying market concerns about "miner capitulation" and potential increased selling pressure.

Bitcoin Struggles Below $72K as Four On-Chain Metrics Signal Weakening Demand

Asian stocks are expected to edge higher on Thursday, following gains in the US stock and bond markets, as traders assess the feasibility of ceasefire talks between the US and Iran.

Futures for Japanese and Australian stock indexes rose, while Hong Kong stock index futures saw a slight decline. US stock index futures were largely flat after the S&P 500 rose for the second time this week, gaining 0.5% on Wednesday. The tech-heavy Nasdaq 100 advanced 0.7%. The index of US-listed Chinese companies rose 1.9%.

[Asian Stocks Poised for Gains as Markets Watch US-Iran Talks]Asian stocks are expected to edge higher on Thursday, following gains in the US stock and bond markets, as traders assess the feasibility of ceasefire talks between the US and Iran.

Futures for Japanese and Australian stock indexes rose, while Hong Kong stock index futures saw a slight decline. US stock index futures were largely flat after the S&P 500 rose for the second time this week, gaining 0.5% on Wednesday. The tech-heavy Nasdaq 100 advanced 0.7%. The index of US-listed Chinese companies rose 1.9%.

Asian Stocks Poised for Gains as Markets Watch US-Iran Talks

On March 26, the United States has been continuously signaling a willingness for talks with Iran, yet simultaneously facing obstruction from Iran. Trump administration officials stated that the White House is working to arrange a meeting in Pakistan this weekend to discuss solutions to the Iran crisis, with US Vice President Vance potentially traveling to Pakistan to attend talks with Iran. The US simultaneously insists that it has not received any signals from Iran rejecting the talks. Meanwhile, Iran has taken a hardline stance, declaring that a ceasefire and negotiations are not feasible at the current stage, and has laid out five conditions for a truce: a complete cessation of aggression and assassinations, ensuring the war will not be imposed on Iran again, reparations for the war, an end to the war by all fronts and all resistance organizations, and recognition of Iran's sovereignty over the Strait of Hormuz. Iran has also issued a strong warning that if hostile forces supporting Iran's enemies occupy Iranian islands, Iran may open a new front in the Bab-el-Mandeb strait.

[US-Iran Talks Uncertain as White House Plans Vance Meeting; Iran Sets Five Conditions for Truce]On March 26, the United States has been continuously signaling a willingness for talks with Iran, yet simultaneously facing obstruction from Iran. Trump administration officials stated that the White House is working to arrange a meeting in Pakistan this weekend to discuss solutions to the Iran crisis, with US Vice President Vance potentially traveling to Pakistan to attend talks with Iran. The US simultaneously insists that it has not received any signals from Iran rejecting the talks. Meanwhile, Iran has taken a hardline stance, declaring that a ceasefire and negotiations are not feasible at the current stage, and has laid out five conditions for a truce: a complete cessation of aggression and assassinations, ensuring the war will not be imposed on Iran again, reparations for the war, an end to the war by all fronts and all resistance organizations, and recognition of Iran's sovereignty over the Strait of Hormuz. Iran has also issued a strong warning that if hostile forces supporting Iran's enemies occupy Iranian islands, Iran may open a new front in the Bab-el-Mandeb strait.

US-Iran Talks Uncertain as White House Plans Vance Meeting; Iran Sets Five Conditions for Truce

On March 26, White House Press Secretary Karine Jean-Pierre stated that negotiations between the United States and Iran "are ongoing and productive." Jean-Pierre said that the US and Iran have had "productive engagement" over the past three days, leading President Trump to instruct the Department of Defense to temporarily halt strikes on Iran's electricity and energy infrastructure. Jean-Pierre also warned that the US would take stronger action if Iran refused to accept reality. When asked about reports that Iran had rejected the US's "15 conditions for a ceasefire," Jean-Pierre reiterated that US-Iran negotiations "are ongoing and productive." She emphasized that the White House would not disclose negotiation details publicly but confirmed that communication between the two sides is continuing. She stated that current external reports about US-Iran talks being held in places like Pakistan are largely "speculative" and should not be considered confirmed arrangements until officially announced by the White House. (CCTV News)

[White House: US-Iran negotiations 'ongoing']On March 26, White House Press Secretary Karine Jean-Pierre stated that negotiations between the United States and Iran "are ongoing and productive." Jean-Pierre said that the US and Iran have had "productive engagement" over the past three days, leading President Trump to instruct the Department of Defense to temporarily halt strikes on Iran's electricity and energy infrastructure. Jean-Pierre also warned that the US would take stronger action if Iran refused to accept reality. When asked about reports that Iran had rejected the US's "15 conditions for a ceasefire," Jean-Pierre reiterated that US-Iran negotiations "are ongoing and productive." She emphasized that the White House would not disclose negotiation details publicly but confirmed that communication between the two sides is continuing. She stated that current external reports about US-Iran talks being held in places like Pakistan are largely "speculative" and should not be considered confirmed arrangements until officially announced by the White House. (CCTV News)

White House: US-Iran negotiations 'ongoing'

On March 26, Federal Reserve Governor Loretta Mester stated that the US labor market has shown a continuous weakening trend, and the US economy still needs more support from monetary policy. Oil prices do not affect the expected inflation in the US for a period of time to come.

[Fed Governor Mester: US Economy Still Needs More Monetary Support]On March 26, Federal Reserve Governor Loretta Mester stated that the US labor market has shown a continuous weakening trend, and the US economy still needs more support from monetary policy. Oil prices do not affect the expected inflation in the US for a period of time to come.

Fed Governor Mester: US Economy Still Needs More Monetary Support

On March 26, White House spokesperson Levitt stated on Wednesday that if Tehran does not acknowledge that it has been "militarily defeated," President Trump will implement more severe strikes against Iran. Levitt mentioned that negotiations with Iran are still ongoing. She added, "Negotiations are continuing. As the President said on Monday, they are productive and remain so." On Tuesday, several media outlets reported, citing sources, that Washington had submitted a 15-point plan to Tehran regarding the end of the war. Levitt stated on Wednesday that some aspects of these reports are not entirely accurate, but she did not provide specific details. Levitt said, "The White House has never confirmed that complete plan. There are indeed some truths in it, but some of the reports I read do not fully align with the facts, so I will not negotiate on behalf of the President here at this podium."

[White House Warns Iran of Increased Strikes if Defeat is Not Acknowledged]On March 26, White House spokesperson Levitt stated on Wednesday that if Tehran does not acknowledge that it has been "militarily defeated," President Trump will implement more severe strikes against Iran. Levitt mentioned that negotiations with Iran are still ongoing. She added, "Negotiations are continuing. As the President said on Monday, they are productive and remain so." On Tuesday, several media outlets reported, citing sources, that Washington had submitted a 15-point plan to Tehran regarding the end of the war. Levitt stated on Wednesday that some aspects of these reports are not entirely accurate, but she did not provide specific details. Levitt said, "The White House has never confirmed that complete plan. There are indeed some truths in it, but some of the reports I read do not fully align with the facts, so I will not negotiate on behalf of the President here at this podium."

White House Warns Iran of Increased Strikes if Defeat is Not Acknowledged

On March 26th, Bloomberg Senior ETF Analyst Eric Balchunas posted on X stating that the Morgan Stanley Bitcoin ETF, MSBT, has received an official listing announcement from the New York Stock Exchange (NYSE), which typically signifies an imminent launch.

[Morgan Stanley Bitcoin ETF MSBT Receives Official NYSE Listing Announcement]On March 26th, Bloomberg Senior ETF Analyst Eric Balchunas posted on X stating that the Morgan Stanley Bitcoin ETF, MSBT, has received an official listing announcement from the New York Stock Exchange (NYSE), which typically signifies an imminent launch.

Morgan Stanley Bitcoin ETF MSBT Receives Official NYSE Listing Announcement

On March 26, according to CME's "FedWatch" tool: The probability of the Federal Reserve raising interest rates by 25 basis points in April is 5.2%, while the probability of maintaining the current interest rate remains at 94.8%. By June, the probability of a cumulative 25 basis point rate hike is 11.7%, a cumulative 50 basis point hike is 0.4%, and the probability of maintaining the current interest rate is 87.9%.

[Fed Rate Unchanged in April Highly Probable at 94.8%]On March 26, according to CME's "FedWatch" tool: The probability of the Federal Reserve raising interest rates by 25 basis points in April is 5.2%, while the probability of maintaining the current interest rate remains at 94.8%. By June, the probability of a cumulative 25 basis point rate hike is 11.7%, a cumulative 50 basis point hike is 0.4%, and the probability of maintaining the current interest rate is 87.9%.

Fed Rate Unchanged in April Highly Probable at 94.8%

On March 26th, according to foreign media citing sources familiar with the matter, SpaceX is considering setting a fundraising target of approximately $75 billion for its IPO. The company has discussed the possibility of raising over $70 billion with potential investors, both figures significantly higher than the previously reported $50 billion target. SpaceX may seek a valuation exceeding $1.75 trillion in its IPO and is considering a listing in June, though the timeline remains subject to change.

[SpaceX Eyes $75 Billion IPO, Valuation Potentially Exceeding $1.75 Trillion]On March 26th, according to foreign media citing sources familiar with the matter, SpaceX is considering setting a fundraising target of approximately $75 billion for its IPO. The company has discussed the possibility of raising over $70 billion with potential investors, both figures significantly higher than the previously reported $50 billion target. SpaceX may seek a valuation exceeding $1.75 trillion in its IPO and is considering a listing in June, though the timeline remains subject to change.

SpaceX Eyes $75 Billion IPO, Valuation Potentially Exceeding $1.75 Trillion

1. Government of El Salvador submits bill on Digital Asset Issuance Law;
2. The Bank of Japan will decide whether to issue a digital yen in 2026;
3. NY gov signs novel law that limits cryptomining, for now;
4. BlockFi puts client loans into forbearance, email shows;
5. SBF: The value of collateral FTX uses for lending has fallen by $51 billion YTD;
6. Bitcoin Core released version 24.0.

Detail

【Huobi Breaking News】1. Government of El Salvador submits bill on Digital Asset Issuance Law;
2. The Bank of Japan will decide whether to issue a digital yen in 2026;
3. NY gov signs novel law that limits cryptomining, for now;
4. BlockFi puts client loans into forbearance, email shows;
5. SBF: The value of collateral FTX uses for lending has fallen by $51 billion YTD;
6. Bitcoin Core released version 24.0.

Huobi Breaking News

Article

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Huobi Breaking News

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