March 30th Weekly Market Recap: “Very Different and ‘Strange’”

BlockScholes delivers in-depth, data-driven research to help you navigate the crypto markets with confidence.

This is just the beginning of what we believe will be a fruitful partnership, and we look forward to continuing to provide our users with more value and innovative solutions.

30% discount on Block Scholes Research for Coincall users, use the code: COINCALL30

DeFi Analytics 27th March 2026

The weekly addition of the Crypto DeFi Analytics, covering chain fee generation, Beacon Chain Balance, Uniswap V3 and Liquidations.

“Very Different and ‘Strange’”

Risk sentiment deteriorated as uncertainty around a potential U.S.-Iran ceasefire pushed BTC down from around $72K midweek to $67K, while the S&P 500 fell 1.74%, Brent crude rose to $109/bbl, and U.S. spot Bitcoin ETFs saw $171.2M in net outflows; spot Ethereum ETFs also extended their outflow streak to seven consecutive sessions, with $392M withdrawn since March 18.

In crypto corporate developments, Tether engaged KPMG to audit the $184.2B USDT issuer, Anchorage added TRX support as TRON hosts around $84B in USDT, MARA sold 15,133 BTC for around $1.1B to repurchase $1.0B of convertible notes at an $88.1M discount, and GameStop said its 4,709 BTC position had been pledged as collateral rather than sold.

Crypto Risk Appetite Report 26th March 2026

The weekly addition of our Market Sentiment Report.

Franklin Expands Tokenized ETFs

BTC is back below $70K after briefly trading above $72K mid-week, while cross-asset price action remains tightly linked to conflicting US-Iran ceasefire signals; meanwhile, Brent has pushed back above $100/bbl and US yields have repriced higher, with the 10Y at 4.38%. On the policy and market-structure side, the White House cleared review of a rule that could open the $10T US 401(k) market to alternative assets including crypto, while Franklin Templeton and Ondo are bringing five tokenized ETFs onchain, reinforcing the broader tokenization push as the SEC weighs a potential exemption framework.

In crypto infrastructure, Bitmine’s MAVAN platform has already staked 3.14M ETH worth $6.8B, with implied annual rewards of roughly $300M, underscoring the increasing scale of institutional Ethereum treasury and staking strategies.

“We’re in Negotiations Right Now”

BTC staged a V-shaped move over the past 24 hours, dropping from $71K to just below $69K before recovering back to $71K as geopolitical headlines drove sentiment, while front-end vols kept softening with 7-day ATM IV below 50% for BTC and around 65% for ETH.

Risk assets found support from tentative Middle East de-escalation signals, with oil sharply lower and US equity futures higher, though ongoing threats and fresh strikes still cap confidence. In crypto, tougher US stablecoin regulation weighed on Circle and Coinbase, while Robinhood announced a $1.5B buyback, the CFTC launched a new innovation task force, and Bitmine added another 67,111 ETH.

Kalshi and Polymarket are Tightening Controls around Insider Trading and Market Manipulation

Trump’s five-day reprieve on strikes against Iranian energy infrastructure prompted a broad cross-asset repricing, with BTC rising 3.9% to hold above $70K, ETH gaining 5.3%, SOL up 6.5%, the S&P 500 advancing 1.15%, Brent falling almost 15% intraday, and Treasury yields moving lower as markets priced a reduced near-term geopolitical risk premium;

Fed commentary remained cautious, however, with Goolsbee noting that rates could still move higher if conflict-related inflation pressures intensify, while Miran maintained his base case for four cuts this year, and crypto sentiment was further supported by OKX’s launch of equity perpetuals, Strategy’s expanded issuance programmes, and continued growth in Hyperliquid’s HIP-3 activity.

Bitcoin Mining Difficulty Records One of Its Largest Declines of 2026

BTC traded down to $68K before rebounding above $71K, with the move accompanied by a sharp repricing in options as 7-day BTC ATM implied volatility rose to 61% and short-dated skew fell to -12%. Macro sentiment also deteriorated, with Brent up 50% since the conflict began, major U.S. equity indices down 1–2% on Friday, and Treasury yields rising sharply over the past five days.

In crypto market structure, Bitcoin difficulty fell 7.76% to 133.79T, Brazil paused crypto tax plans, U.S. exchanges completed the removal of ETF options position caps, Fidelity called for faster SEC rulemaking, and Grayscale filed for a HYPE ETF.