2 hours ago
This month, Bitcoin’s hashrate fell 6% aft the US and Israel attacked Iran, highlighting Iran’s important crypto mining activity.
Bitcoin price, meanwhile, remains lackluster. Higher 4% yields connected US Treasury bonds person added pressure, and investors are seeking little risky prospects amid geopolitical tension.
Less appetite for crypto trading has proven problematic for Robinhood. The trading platform’s banal is down 16% connected the month, and enactment has announced a banal buyback program.
Prediction markets marked a grounds fig of transactions, representing a much than 2,800% summation since this clip past year.
Here’s March by the numbers:
Bitcoin lacks momentum arsenic 4% US Treasury enslaved yields enactment unit connected price
Yields connected five-year US Treasury bonds are up 4% successful March, putting unit connected Bitcoin price. While showing immoderate gains successful mid March, the plus ended the period overmuch wherever it started, astir $67,000.
As per an investigation from Cointelegraph, fears of a drawn-out struggle betwixt the US and Israel against Iran person led investors to chopped retired risk. A sell-off successful bonds, on with a nine-month precocious of 4% successful yields, suggests that traders are gathering currency positions.
Bitcoin hashrate falls astir 6% aft US and Israel onslaught Iran
On Feb. 28, the United States and Israel launched a associated peculiar subject cognition successful Iran called “Operation Epic Fury.” One period later, the Bitcoin (BTC) hashrate is down astir 6%.
Bloomberg crypto and integer assets strategist Dushyant Shahrawat said successful a caller interrogation that Iran is 1 of the world’s largest Bitcoin miners, accounting for immoderate 6-8% of planetary hashrate, and 70% of mining activities are conducted by the military.
Disruptions to the country’s vigor infrastructure and diversion of subject priorities to defence person frankincense deed Iran’s quality to excavation Bitcoin.
Prediction marketplace transaction apical 192 million
Transactions connected prediction markets similar Polymarket and Kalshi topped 192 cardinal successful March. That represents a 24% summation from past period and a 2,880% summation compared to the aforesaid clip past year, according to Dune analytics.
Related: Lawmakers propulsion different measure to curb prediction marketplace insider trading
Prediction markets are increasing successful popularity, but successful the United States, they look authorities regulators who say they facilitate a signifier of gambling. At slightest 11 states person taken ineligible enactment against them.
On March 20, Carson City District Court Judge Jason Woodbury upheld a regulator’s determination to temporarily prohibition prediction marketplace Kalshi successful Nevada.
Arizona has brought transgression charges against Kalshi for allegedly “running an amerciable gambling cognition and taking bets connected Arizona elections, some of which interruption Arizona law."
Other states similar Utah and Pennsylvania are presently considering authorities that would bring prediction markets nether authorities gambling oregon gaming laws. Kalshi says that it answers lone to national regulation nether the Commodity Futures Exchange Commission (CFTC).
Euro-denominated stablecoins relationship for 85% of non-dollar volume
Stablecoins backed by the euro person emerged arsenic a favourite alternate to assets backed by US dollars. Some 85% of non-dollar stablecoin volumes hap successful euros, according to a March report from Dune.
While euro-denominated coins initially lone represented immoderate 50-70% of the non-dollar market, they began expanding importantly successful 2024. Now they correspond 85% of full transferred volume. Euro stablecoins are besides ascendant successful respect to participation, with idiosyncratic stock rising to implicit 78%.
Dune attributes this summation to much assurance successful stablecoins among institutions, acknowledgment successful ample portion to the Markets successful Crypto-Assets regulatory bundle (MiCA).
Robinhood banal down 16% connected month
Robinhood banal has decreased implicit 16% successful March, from astir $80 to $66 arsenic of publishing time.
The banal and crypto trading company’s stock terms has been struggling successful caller months. Over the past six months, it dropped implicit 50%. Uncertainty implicit the regularisation of caller verticals similar prediction markets and societal trading, on with a illness successful crypto trading revenues are creating structural obstacles for the company.
Revenue from crypto transactions reportedly dropped 38% year-over-year arsenic of Q4 2025. Crypto app volumes dropped 58%.
To code the problem, Robinhood has approved a $1.5 cardinal stock buyback program successful March, which volition execute implicit the adjacent 3 years.
Strategy’s Bitcoin holdings are 11% successful the red
Amid a lackluster terms enactment connected the month, Strategy’s Bitcoin portfolio is astatine an 11% loss. The mean outgo of Bitcoin successful its portfolio is $75,669. Bitcoin is trading astir $67,800 astatine publishing time.
Data collected March 30.Still, the institution has continued its regular Bitcoin purchases. It made 2 this month: 1 for 17,994 Bitcoin connected March 9 and different for 22,337 Bitcoin connected March 16, amounting to astir $2.7 cardinal astatine publishing time.
The bundle institution has financed astir of its Bitcoin purchases done high-yield banal offerings, similar Stretch (STRC). This allows the institution to bargain Bitcoin without diluting its MSTR communal shares.
The company’s chair, Bitcoin bull Michael Saylor, said precocious that 80% of STRC buyers are retail investors. “Retail investors similar low-volatility, high-yield integer credit,” helium said.
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