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Bitcoin Climbs to $66,809 as Crypto Market Shows Renewed Strength

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A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017.

NEW YORK — Bitcoin rose steadily on Sunday, March 29, 2026, climbing 0.72% to trade at $66,808.99 as of 12:14 p.m. UTC, extending a modest recovery in the broader cryptocurrency market amid easing geopolitical concerns and steady institutional inflows.

The world’s largest cryptocurrency by market capitalization has now reclaimed the $66,000 level after fluctuating in a relatively tight range over the past week. The daily gain of $477.29 reflected renewed buying interest from both retail and institutional investors, though trading volumes remained moderate on the weekend..

A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017.

Bitcoin’s market capitalization stood near $1.32 trillion, while total crypto market capitalization hovered around $2.45 trillion. Ethereum traded near $2,650, up roughly 1.1%, while Solana and other major altcoins posted similar modest gains.

Drivers Behind Today’s Move

Analysts pointed to several factors supporting Bitcoin’s price action. Diplomatic signals suggesting possible de-escalation in Middle East tensions helped reduce some risk-off sentiment that had weighed on risk assets earlier in the week. Additionally, continued inflows into U.S. spot Bitcoin ETFs provided underlying demand, with several funds reporting positive net flows in recent sessions.

Institutional interest remains a key pillar of Bitcoin’s current price support. Companies and investment funds have maintained their accumulation strategy, viewing Bitcoin as a long-term store of value and inflation hedge. MicroStrategy and other public companies continued adding to their Bitcoin treasuries, reinforcing confidence among large holders.

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Technical indicators showed Bitcoin holding above key support levels near $64,000–$65,000. The relative strength index (RSI) remained in neutral territory, suggesting room for further upside without immediate overbought conditions. However, resistance around $68,000–$70,000 could limit near-term gains unless stronger catalysts emerge.

Broader Market Context

The cryptocurrency market has shown resilience in early 2026 despite macroeconomic uncertainties and regulatory developments. Bitcoin’s year-to-date performance remains positive, though it has traded well below its all-time high near $109,000 recorded in late 2025. The current price level represents a consolidation phase after significant volatility in prior months.

Ethereum continued to benefit from ongoing developments in its ecosystem, including Layer-2 scaling solutions and increased decentralized finance activity. Solana maintained strong performance in the DeFi and meme-coin sectors, while newer tokens tied to artificial intelligence and real-world asset tokenization also attracted attention.

Regulatory news remained mixed. In the United States, lawmakers continued debating clearer frameworks for digital assets, while several countries in Asia and Europe advanced pilot programs for central bank digital currencies. These developments have created both opportunities and uncertainty for market participants.

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Institutional and ETF Influence

Spot Bitcoin ETFs have played a transformative role since their approval in early 2024. Cumulative inflows have exceeded $50 billion, providing a structural bid that many analysts believe underpins current price floors. BlackRock, Fidelity and Ark Invest remain among the largest holders through their ETF vehicles.

Corporate adoption has also accelerated. More companies are allocating portions of their balance sheets to Bitcoin, citing its scarcity and potential as a hedge against fiat currency depreciation. This trend has helped stabilize Bitcoin during periods of traditional market weakness.

Risks and Outlook

Despite today’s gains, risks remain. Geopolitical developments in the Middle East could still trigger volatility if tensions escalate. Macroeconomic data, including upcoming U.S. inflation figures and Federal Reserve policy signals, will likely influence risk appetite in coming weeks.

Some analysts warn that Bitcoin could face selling pressure if it fails to break decisively above $70,000 soon. Others remain bullish, forecasting prices could test $80,000–$90,000 by mid-2026 if institutional momentum continues and regulatory clarity improves.

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For retail investors, experts recommend caution and dollar-cost averaging rather than trying to time short-term moves. Bitcoin’s historical volatility means sharp swings in either direction remain possible.

What This Means for Investors

Bitcoin’s move above $66,800 today reinforces its status as the market leader capable of driving sentiment across the entire crypto sector. As the 2026 bull cycle narrative builds, many observers see current levels as an accumulation zone before potential further upside later in the year.

The coming weeks will be critical. Key events include any fresh ETF flow data, corporate earnings from crypto-related companies, and developments around potential U.S. regulatory bills. Bitcoin’s correlation with traditional markets, particularly Nasdaq tech stocks, also remains an important factor to watch.

For now, the cryptocurrency market appears cautiously optimistic. Bitcoin’s ability to hold gains and push higher on relatively light weekend volume suggests underlying strength. Whether this momentum carries into next week will depend on broader risk sentiment and any headline catalysts.

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Investors and traders should continue monitoring on-chain metrics, ETF flows, and macroeconomic indicators for the clearest picture of Bitcoin’s near-term direction. As always, cryptocurrency investments carry substantial risk, and participants should conduct thorough research and consider their own risk tolerance.

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Subprime Crisis 2.0: Will Private Credit Be The Trigger?

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Subprime Crisis 2.0: Will Private Credit Be The Trigger?

After having been in the investing world for more than 25 years from private banking and investment management to private and venture capital; I have pretty much “been there and done that” at one point or another. I am currently a partner at RIA Advisors in Houston, Texas. The majority of my time is spent analyzing, researching and writing commentary about investing, investor psychology and macro-views of the markets and the economy. My thoughts are not generally mainstream and are often contrarian in nature but I try an use a common sense approach, clear explanations and my “real world” experience in the process. I am a managing partner of RIA Pro, a weekly subscriber based-newsletter that is distributed to individual and professional investors nationwide. The newsletter covers economic, political and market topics as they relate to your money and life. I also write a daily blog which is read by thousands nationwide from individuals to professionals at www.realinvestmentadvice.com.

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Victoria Offers Free Public Transport All April as Fuel Prices Surge

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Metro Trains Melbourne HCMT

MELBOURNE, Australia — Victorians will ride trains, trams and buses for free throughout April as the state government moves to ease cost-of-living pressures amid soaring fuel prices and supply shortages that have pushed petrol costs near $3 per liter and left some stations dry.

The Allan government announced Sunday that all metropolitan and regional public transport services — including Melbourne’s trains, trams and buses plus V/Line trains, coaches and regional town buses — will be fare-free from Tuesday, March 31, through Thursday, April 30. Passengers will not need to tap on or off with their myki cards during the period, though those who do will not be charged.

Metro Trains Melbourne HCMT
Metro Trains Melbourne HCMT

Premier Jacinta Allan described the month-long initiative as a “temporary measure” to take pressure off household budgets and reduce demand at the petrol pump. “It won’t solve every problem, but it is an immediate step I can take to help Victorians right now,” she said.

The policy, estimated to cost the state around $70 million, comes as fuel prices climb due to global supply disruptions linked to conflict in the Middle East. Unleaded petrol in Victoria has approached or exceeded $3 per liter in some areas, with reports of more than 100 fuel stations running dry or limiting sales. Similar cost-of-living relief measures were announced in Tasmania, where free public transport will extend until the end of June or July.

Transport Minister Harriet Shing said the move aims to encourage drivers to leave their cars at home, potentially easing road congestion and fuel demand during the April school holidays and Easter period. “We want to make it as easy as possible for people to choose public transport,” she told reporters.

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Free travel covers all trips solely within Victoria, with limited exceptions for cross-border services to Albury, Mount Gambier and Deniliquin. Seat reservations on V/Line services will not be available during the free period. Public Transport Victoria has directed operators to open gates and disable fare enforcement for the month.

The announcement follows calls from the Victorian Greens earlier in March for fare relief as fuel prices escalated. Opposition parties offered mixed reactions, with some welcoming the help for families while questioning the long-term strategy and fiscal impact. NSW and Western Australia have not announced similar measures, leaving commuters in those states to continue paying fares.

For a typical full-fare commuter traveling five days a week, the initiative could save up to $250 in April compared with normal myki daily caps of around $11.40. Monthly or yearly pass holders may see proportional relief depending on their usage.

Public transport advocates welcomed the trial as a bold experiment that could demonstrate the benefits of more affordable or fare-free systems. “This gives us a real-world look at what happens when barriers to public transport are removed,” said one Melbourne-based transport researcher. Increased ridership is expected, particularly for leisure trips during the school holidays, though officials have urged patience if services become busier than usual.

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Concerns have been raised about potential overcrowding on popular routes. The government said it would monitor demand and work with operators to add services where needed. Past short-term fare-free periods in other cities have shown spikes in usage, especially among occasional riders and tourists.

The policy arrives against a backdrop of broader cost-of-living challenges in Australia. Households are grappling with higher grocery prices, energy bills and mortgage costs, making any relief at the pump or on transport welcome for many. Fuel prices have fluctuated sharply in recent weeks, with some regional areas hit harder than metropolitan Melbourne.

Economists noted that while free public transport provides immediate relief, it does not address underlying supply issues driving fuel costs. Global oil markets remain volatile, and analysts say sustained high prices could influence consumer behavior longer term, including greater interest in electric vehicles and active transport.

Victoria has invested heavily in public transport infrastructure in recent years, including new metro rail projects and tram extensions. The Allan government pointed to those upgrades as evidence of its commitment to better services, with the April free month framed as a bridge to encourage more people to make public transport a habit.

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Opposition transport spokesperson David Hodgett called the announcement a “short-term gimmick” and urged the government to focus on fixing reliability issues and delivering promised infrastructure on time. “Victorians need permanent solutions, not one-month band-aids,” he said.

Environmental groups praised the environmental upside, saying reduced car use during April could cut emissions and ease pressure on roads. “Getting people onto trains and trams instead of sitting in traffic is a win for clean air and congestion,” a spokesperson for one sustainability organization said.

For regional Victorians, the free V/Line services could prove particularly valuable, offering relief for longer commutes or trips to Melbourne. Intertown and regional town bus services are also included, broadening the reach across the state.

Travelers are advised to check PTV apps and websites for any service changes or crowding alerts. While myki cards can still be used, there is no requirement to tap during the free period. International visitors and interstate travelers within the eligible routes can also benefit.

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The initiative coincides with Easter and school holidays, traditionally busy travel periods. Officials hope the free fares will spread demand across the network rather than concentrating it on roads.

As April 30 approaches, the government has not ruled out extensions if fuel prices remain elevated, though Allan described the current plan as strictly time-limited. Longer-term discussions about fare structures, including ideas like permanent concessions or distance-based pricing, may gain traction depending on ridership data collected during the free month.

Public reaction on social media has been largely positive, with many Victorians expressing relief and plans to use trains and trams more frequently for work, shopping or family outings. Some expressed skepticism about whether the system can handle a surge without delays or safety issues.

The Victorian government urged people to plan journeys in advance and consider off-peak travel where possible. Additional cleaning and staffing measures are being considered to maintain service quality.

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This marks one of the most significant temporary public transport interventions in Victoria’s history, testing the appetite for fare reform in a state with an extensive rail and tram network.

As fuel prices continue to fluctuate and global supply concerns persist, the April free transport trial will provide valuable insights into how price signals influence travel choices. For now, Victorians have a full month to experience public transport without the usual fare burden — a break that many hope will deliver both financial relief and a shift toward more sustainable commuting.

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Newmont: The Silver Medal In Gold Mining, And That's Not A Bad Thing

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Newmont: The Silver Medal In Gold Mining, And That's Not A Bad Thing

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Houthi Threat to Red Sea Shipping Raises Risk of Oil-Supply Shock

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Houthi Threat to Red Sea Shipping Raises Risk of Oil-Supply Shock

The oil market could be pushed into deeper turmoil if Yemen’s Houthi militants resume attacks on shipping in the Red Sea. The group’s previous campaign against international shipping disrupted trade by forcing tankers and container ships to take longer routes to and from Asia. Now, energy analysts warn that renewed attacks could remove a significant volume of oil from global supply and drive up prices.

Saudi Arabia has been diverting as much crude oil as possible away from the Persian Gulf to its Red Sea port of Yanbu, from where cargoes are shipped mostly to Asia. While this hasn’t fully offset volumes unable to transit the Strait of Hormuz, it has helped limit the rise in global oil prices.

If Houthi attacks make it too dangerous for tankers to approach Yanbu, several more million barrels of crude each day would be stranded in the Middle East, analysts say. Saudi Arabia might then be forced to join Kuwait and Iraq in slashing production.

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Beiersdorf Stock: Taking Advantage Of The Sell-Off To Go Long (OTCMKTS:BDRFF)

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Beiersdorf Stock: Taking Advantage Of The Sell-Off To Go Long (OTCMKTS:BDRFF)

This article was written by

The Investment Doctor is a financial writer, highlighting European small-caps with a 5-7 year investment horizon. He strongly believes a portfolio should consist of a mixture of dividend and growth stocks.
He is the leader of the investment group European Small Cap Ideas which offers exclusive access to actionable research on appealing Europe-focused investment opportunities not found elsewhere. The a focus is on high-quality ideas in the small-cap space, with emphasis on capital gains and dividend income for continuous cash flow. Features include: two model portfolios – the European Small Cap Ideas portfolio and the European REIT Portfolio, weekly updates, educational content to learn more about the European investing opportunities, and an active chat room to discuss the latest developments of the portfolio holdings. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I have written put options on Beiersdorf, and will likely initiate a long position within the next few weeks.

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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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