The day ahead in crypto: March 4, 2026
rose to just short of $72,000, hitting a one-month high and lifting the broader crypto market even as the war in the Middle East wreaks havoc on traditional markets. The outperformance stems from several factors, including relative positioning, rising odds of the passage of the U.
S.'s long‑debated Clarity Act aimed at legalizing stablecoins and hopes that conflict with Iran will end soon. Bitcoin, down nearly 50% from its record high in October, was oversold before hostilities began Saturday. So as traditional assets tumbled, BTC held up well. That has likely revived investor interest in the largest cryptocurrency, drawing institutions back to the spot ETFs. As noted on Monday, bitcoin stands to gain because the war will only worsen government finances worldwide, leading to more ". The report said that the day after the attacks began, operatives from Iran’s Ministry of Intelligence contacted the CIA to discuss terms for ending the war. While the U.S. ignored the overture, the outreach suggests backchannels are still active and could be used again, potentially leading to a ceasefire."There was speculation circulating in the U.S. that the Clarity Act was close to being signed into law. This helped lift many altcoins relative to major assets, as they are expected to be among the biggest long-term beneficiaries of the legislation," Paul Howard, director at trading firm Wincent, said in an email. However, he added that there is currently no strong evidence that a large pool of sidelined money is waiting to flood into digital assets, and any rotation is still relatively small or gradual. Looking ahead, traders expect volatility to persist, particularly if the Strait of Hormuz, a key oil-supply chokepoint, remains closed and oil prices continue to surge. "We expect continued volatility, but if the disruption persists, pressure to reopen Hormuz is likely to build. Bitcoin has held up better than broader risk, and bears watching as an early signal of stabilizing sentiment," QCP Capital's market insight team said. Stay alert!March 4, 10:00 a.m.: U.S. ISM services PMI for February to expand v2 and v3 protocol fees to eight layer-2 networks and enable a new tier-based fee system across all v3 pools. Voting ends March 4 & 5. ENS DAO is voting to replace three DNSSEC oracle algorithms to patch a critical RSA signature forgery vulnerability and significantly reduce gas costs. Voting ends March 4.ETH is up 5.19% at $2,068.65 Ether CESR Composite Staking Rate is down 1 bps at 2.85%Silver futures are up 4.00% at $86.24FTSE 100 is up 0.18% at 10,502.97S&P 500 closed down 0.94% at 6,816.63S&P 40 Latin America closed down 4.95% at 3,539.33E-mini Nasdaq-100 futures are unchanged at 24,762.00The chart shows bitcoin's weekly price swings in candlestick format from early 2024. The bounce above $71,000 has renewed focus on the $74,000 level, which acted as resistance, an area where buyers tapped out in March 2024 and later as support, where selling stalled last April. This level, therefore, represents an area of significant historical economic activity and could now serve as a key inflection zone: A break and hold above $74,000 may open the door to a push toward higher levels, while repeated failure there could reignite selling pressure.Coinbase Global : closed on Tuesday at $182.36 , +6.66% at $194.51 in pre-marketMARA Holdings : closed at $8.66 , +6.47% at $9.22Core Scientific : closed at $15.30 , +2.55% at $15.69Exodus Movement : closed at $10.83 , +0.65% at $10.90Circle Internet Group : closed at $99.63 , +6.15% at $105.76Upexi : closed at $0.79 , +14.65% at $0.90The Iran war is dialing U.S. economic danger up to 11 : President Trump’s extraordinary gamble in attacking Iran and risking a wider conflagration in the Middle East dials up the economic hazards facing the U.S. economy from “very high” to “extreme.”: Selling in hard-hit European shares paused as the focus shifted to Asia, including a record-breaking crash in Seoul caused by fears the broadening Middle East war will create an oil-price shock, raising inflation and delaying interest-rate cuts.: Trump said: “We are not going to allow them to undermine our powerful Crypto Agenda that will end up going to China, and other Countries if we don’t get The Clarity Act taken care of.”: Kraken said its banking unit won access to the Federal Reserve’s core payment systems, making it the first crypto firm to be able to move money on the same rails used by thousands of banks and credit unions.CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events.: Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product.
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