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BTC price looks resilient, but don’t ignore those $20,000 put options: Crypto Daybook Americas

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By Omkar Godbole (All times ET unless indicated otherwise)

Ultra-bearish forecasts are getting no love from industry observers, and rightly so, with bitcoin holding resilient amid global market chaos. Yet options flows hint there may be merit to the bears’ dire warnings.

Bloomberg reiterated its prediction for the largest cryptocurrency to plunge to $10,000 — a level last seen in mid-2020. Industry observers dismissed it as silly.

Yet on Deribit, the biggest crypto options exchange, nearly $800 million in open interest is piled into the $20,000 put, a wager that the price will slide to below that level. It’s the fourth-most popular bearish bet on the platform.

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It signals some traders are preparing for a meltdown. That said, not all are outright bets on a price crash, Deribit said.

“The majority of that positioning appears to be short puts rather than directional long hedges, said Sidrah Fariq, Deribit’s global head of retail sales. “Traders often sell very far OTM puts because the probability of hitting those levels is low.”

In the meantime, though, bitcoin is showing uncanny resilience, holding steady around $70,000 even as a renewed oil rally pushed crude benchmarks toward $100 early today and rattled traditional markets. Ether (ETH), XRP, and solana (SOL) are similarly firm, while Hyperliquid’s HYPE token steals the spotlight with gains of around 10% over 24 hours.

Analysts say excess leverage is flushing out of BTC, paving the way for upside.

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“From a market structure perspective, this type of consolidation can be constructive because reducing leveraged positioning tends to create a more stable foundation for the next move once a clearer macro catalyst emerges,” Diana Pires, VP of sales at crypto platform sFOX, said in an email.

In traditional markets, oil volatility looks to be spilling over into bonds. The MOVE index, measuring the 30-day expected volatility in U.S. Treasury notes, which underpin global finance, has surged to 76 from under 60 in late February. This could lead to financial tightening worldwide, putting pressure on risk assets. Stay alert!

Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today

What to Watch

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.

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  • Crypto
    • March 12: Polakdot’s economic upgrade to start rolling out, featuring a DOT supply cap, an emissions cut and unbonding reduction.
    • March 12, 1 p.m.: MARA to host an X Spaces session with its CEO, CFO, and Chief Growth & Strategy Officer.
    • March 12: BOB mainnet to undergo its Jovian hardfork.
  • Macro
    • March 12, 8:30 a.m.: U.S. initial jobless claims for week ending March 7 Est. 215K (Prev. 213K)
    • March 12, 8:30 a.m.: U.S. balance of trade for January Est. -$66.6B (Prev. -$70.3B)
    • March 12, 4:30 p.m.: Fed balance sheet for period ending March 11 (Prev. $6.63T)
  • Earnings (Estimates based on FactSet data)
    • March 12: Cango (CANG), post-market, -$0.34

Token Events

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.

  • Governance votes & calls
    • Arbitrum DAO is voting to establish an operational directive that automatically consolidates idle and surplus non-ARB funds from DAO initiatives directly into the Arbitrum Treasury Management Company (ATMC) portfolio. Voting ends March 12.
    • Arbitrum DAO is voting to implement a delegated voting power (DVP) quorum model, update its constitution, and enable onchain proposal cancellation. Voting ends March 12.
    • CoW DAO is voting on a swap affiliate program to reward affiliates who refer new retail traders and traders who reach qualifying volume milestones, with up to 500,000 USDC allocated over a six-month pilot. Voting ends March 12.
    • World Liberty Financial DAO is voting to introduce a WLFI governance staking system requiring unlocked token holders to stake (minimum 180-day lock) to participate in governance. Voting ends March 12.
  • Unlocks
    • March 12: Aptos to unlock 0.69% of its circulating supply worth $11.21 million
  • Token Launches
    • March 12: ForU AI’s (FORU) token generation event occurs.

Conferences

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.

Market Movements

  • BTC is up 0.12% from 4 p.m. ET Wednesday at $70,400.41. (24hrs: +1.11%)
  • ETH is unchanged at $2,071.35 (24hrs: +2.21%)
  • CoinDesk 20 is down 0.4% at 2,008.02 (24hrs: +1.32%)
  • Ether CESR Composite Staking Rate is down 1 bps at 2.79%
  • BTC funding rate is at -0.0048% (-5.2188% annualized) on Binance
CD20 components
  • DXY is unchanged at 99.36
  • Gold futures are up 0.43% at $5,189.60
  • Silver futures are up 2.38% at $87.09
  • Nikkei 225 closed down 1.04% at 54,452.96
  • Hang Seng closed down 0.70% at 25,716.76
  • FTSE 100 is down 0.33% at 10,320.02
  • Euro Stoxx 50 is down 0.43% at 5,769.83
  • DJIA closed on Wednesday down 0.61% at 47,417.27
  • S&P 500 closed unchanged at 6,775.80
  • Nasdaq Composite closed unchanged at 22,716.13
  • S&P/TSX Composite closed down 0.45% at 33,119.80
  • S&P 40 Latin America closed unchanged at 7,501.64
  • U.S. 10-Year Treasury rate is up 7 bps at 4.21%
  • E-mini S&P 500 futures are down 0.38% at 6,753.75
  • E-mini Nasdaq-100 futures are down 0.35% at 24,896.00
  • E-mini Dow Jones Industrial Average futures are down 0.48% at 47,221.00

Bitcoin Stats

  • BTC Dominance: 59.23% (-0.08%)
  • Ether-bitcoin ratio: 0.02929 (0.2%)
  • Hashrate (seven-day moving average): 1,020 EH/s
  • Hashprice (spot): $30.46
  • Total fees: 2.8 BTC / $196,480
  • CME Futures Open Interest: 108,220 BTC
  • BTC priced in gold: 13.5 oz.
  • BTC vs gold market cap: 4.67%

Technical Analysis

XRP's daily chart with Bollinger bands. (TradingView)
XRP’s daily chart with Bollinger bands. (TradingView)
  • The chart shows XRP’s daily price swings in candlestick format with Bollinger bands, which are volatility bands placed two standard deviations above and below the 20-day average of price.
  • The gap between Bollinger bands is now narrowest since early November 2024.
  • The tighter the bands, the more explosive the eventual breakout. In other words, a big move (volatility) could be brewing in XRP.

Crypto Equities

  • Coinbase Global (COIN): closed on Wednesday at $198.63 (+1.07%), –1.28% at $196.08 in pre-market
  • Galaxy Digital (GLXY): closed at $21.46 (–1.69%), –0.75% at $21.30
  • MARA Holdings (MARA): closed at $8.55 (–0.23%), –1.40% at $8.43
  • Riot Platforms (RIOT): closed at $14.81 (+1.16%), –0.74% at $14.70
  • Core Scientific (CORZ): closed at $16.54 (+6.99%), –1.45% at $16.30
  • CleanSpark (CLSK): closed at $9.81 (+1.87%), –1.22% at $9.69
  • Exodus Movement (EXOD): closed at $10.91 (–0.18%), +14.48% at $12.49
  • CoinShares Bitcoin Mining ETF (WGMI): closed at $38.92 (+4.18%), –2.29% at $38.03
  • Circle Internet Group (CRCL): closed at $112.81 (–4.47%), +0.30% at $113.15
  • Bullish (BLSH): closed at $37.19 (+1.25%), –1.05% at $36.80

Crypto Treasury Companies

  • Strategy (MSTR): closed at $138.33 (–0.09%), –0.56% at $137.55
  • Strive Asset Management (ASST): closed at $9.23 (+2.78%)
  • SharpLink (SBET): closed at $7.59 (+2.71%), –1.45% at $7.48
  • Upexi (UPXI): closed at $1.03 (+9.46%), –1.94% at $1.01
  • Lite Strategy (LITS): closed at $1.17 (+0.00%), –1.71% at $1.15

ETF Flows

Spot BTC ETFs

  • Daily net flows: $115.2 million
  • Cumulative net flows: $55.88 billion
  • Total BTC holdings ~ 1.28 million

Spot ETH ETFs

  • Daily net flows: $57 million
    Cumulative net flows: $11.68 billion
    Total ETH holdings ~ 5.65 million

Source: Farside Investors

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Tether aims to bring stablecoins and payments to Bitcoin with investment in Ark Labs

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Tether (USDT) buys $150 million stake in Gold.com to boost tokenized gold distribution

Tether, the crypto firm behind the most popular stablecoin USDT, said Thursday it has invested in Ark Labs to bring programmable payments to the Bitcoin network.

The backing formed part of a $5.2 million funding round for the startup. Ark Labs develops Arkade, a system that aims to allow faster transactions and application building on top of Bitcoin. With the new funding, the start-up said it has raised about $7.7 million in total.

The project focuses on making Bitcoin usable for payments and financial tools that often require faster settlement and automation. Arkade acts as an execution layer that developers can use to build services such as payment networks, lending tools and digital asset platforms.

“Bitcoin is the most liquid digital asset in the world, but it has lacked the programmable infrastructure that financial applications require,” said Marco Argentieri, CEO of Ark Labs. “Arkade aims to change that,” he added.

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Tether said the funding will help expand infrastructure that could support stablecoins on Bitcoin. Stablecoins are digital tokens pegged to fiat currencies such as the U.S. dollar and often move across other blockchains like Ethereum or Tron.

“Stablecoins were born on Bitcoin, and expanding access on the Bitcoin network remains a priority for us,” Tether CEO Paolo Ardoino said in a statement.

The investment is part of Tether’s effort to expand beyond its stablecoin issuance roots and enhance the use of its $185 billion digital dollar token USDT. Last month, the firm invested in online marketplace Whop and cross-chain protocol LayerZero.

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American Airlines (AAL) Stock Slides on Soaring Fuel Prices and Wall Street Downgrades

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AAL Stock Card

Key Takeaways

  • AAL declined approximately 3% to $11.11 during pre-market hours on March 11, continuing a steep slide from mid-February highs
  • Crude oil-linked jet fuel has jumped from $85–90 per barrel to a range of $150–200 per barrel amid escalating Middle East conflict
  • Unlike competitors, American maintains zero fuel hedging exposure, leaving it vulnerable to a $50M annual cost increase per penny of fuel price rise
  • Wall Street consensus has shifted toward caution, with TD Cowen and Rothschild slashing forecasts and lowering ratings
  • Internal pressure mounts as the flight attendants’ union delivered an unprecedented no-confidence declaration targeting CEO Robert Isom

American Airlines (AAL) delivered an adjusted pre-tax profit of merely $352 million for 2025. Meanwhile, Delta achieved $5 billion and United reached $4.6 billion during the same period. This performance disparity has become increasingly critical.


AAL Stock Card
American Airlines Group Inc., AAL

Brent crude currently hovers near $91 per barrel, with industry analysts projecting sustained levels above $95 through the next eight weeks should Middle Eastern supply chain disruptions persist. Jet fuel costs have rocketed from their previous $85–90 baseline to peaks approaching $200 per barrel, based on Air New Zealand’s reporting.

While most global carriers employ fuel hedging strategies to mitigate risk, American has chosen a different path. Without hedging contracts, the carrier faces complete vulnerability to volatile spot market pricing — and current conditions are proving particularly harsh.

AAL stock plummeted over 5% on March 5 following both a downgrade announcement and a crude price surge connected to intensifying geopolitical tensions surrounding the Strait of Hormuz. Shares recently traded near $11.04, representing a significant retreat from mid-February valuations.

During March 11 pre-market activity, AAL extended losses with another ~3% decline to $11.11. Delta experienced a 2.2% drop while United fell 3.6% in parallel trading, yet American’s unhedged position amplifies its vulnerability considerably.

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Company disclosures reveal that each additional penny per gallon translates to approximately $50 million in added annual fuel expenses for American. By comparison, Delta faces $40 million per penny, while Southwest’s exposure stands at just $22 million.

Financial Outlook Faces Headwinds

Executive leadership has projected a Q1 2026 loss ranging from $0.10 to $0.50 per share, with full-year earnings estimated between $1.70 and $2.70 per share. These full-year projections rest on the assumption that fuel prices stabilize — an increasingly questionable premise.

The carrier’s most recent quarterly results disappointed expectations. Actual EPS registered approximately $0.16 against consensus estimates of $0.38. Operating margins compressed to roughly 0.2%.

On March 9, American took steps to strengthen its financial position, expanding revolving credit facilities from $3.0 billion to $3.11 billion while pushing maturity dates to March 2031.

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The airline closed 2025 carrying $36.5 billion in total debt obligations, with management targeting a reduction below $35 billion before 2026 concludes. Sustained elevated fuel costs threaten this deleveraging objective.

Wall Street Sentiment Deteriorates

Investment firms have grown increasingly cautious. TD Cowen reduced its price objective from $17 to $13 while maintaining a Buy rating with diminished enthusiasm. Rothschild & Co downgraded AAL from Buy to Neutral while slashing its target from $17 to $12.50, pointing to “constrained financial maneuverability amid rising cost pressures.”

Among 17 analysts monitored by MarketBeat, current ratings show 9 Hold recommendations, 6 Buy ratings, and 2 Sell ratings. The consensus 12-month price target stands at $16.22 — suggesting potential upside exceeding 40% from present levels, though achieving this outcome faces mounting obstacles.

Compounding financial challenges, the flight attendants’ union delivered an unprecedented no-confidence resolution against CEO Robert Isom, highlighting operational shortcomings and competitive underperformance.

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Industry observers are focused on American’s upcoming appearance at the J.P. Morgan Industrials Conference scheduled for March 17, where Isom is anticipated to detail the carrier’s strategy for managing escalating costs while pursuing debt reduction commitments.

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Bitcoin climbs the wall of worry amid escalating Iran war and oil volatility

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Bitcoin climbs the wall of worry amid escalating Iran war and oil volatility

Bitcoin remains pinned around $70,000, showing impressive price stability even as market sentiment remains deeply pessimistic amid the Iran war and oil price volatility.

Crypto’s fear and greed index, a widely tracked sentiment indicator, has persistently signaled extreme fear in recent weeks, suggesting traders remain cautious despite the lack of a major price breakdown.

Market positioning also paints a dour picture. Annualized funding rates for bitcoin perpetual futures have been negative since early March, reflecting a growing bias for bearish short bets. The current stretch marks the longest period of negative funding since April 2025, when bitcoin ultimately formed a market bottom, around $76,000.

This is consistent with fear on Wall Street, where the VIX index jumped to 25 this week, its highest in over a year.

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Yet bitcoin’s price action has been notably resilient. Since the escalation of the Middle East conflict on Feb. 28, the largest cryptocurrency has gained roughly 7%. That compares favorably with other major assets over the same period. The Nasdaq 100 has been largely steady while the S&P 500 has dropped about 1%, gold has slipped roughly 3% and silver has fallen nearly 9%.

This is in addition, to brent crude briefly pushing back above $100 per barrel earlier today amid ongoing tensions in the region.

The contrast was also visible during Wednesday’s U.S. trading session. BlackRock’s iShares Bitcoin Trust (IBIT) traded 1% higher. While major equity benchmarks were in the red, including the S&P 500 (SPX), the Nasdaq 100 (QQQ), the Russell 2000 (IWM) and the Dow Jones Industrial Average (DJI), highlighting bitcoin’s relative resilience during U.S. market hours.

The outperformance likely stems from big traders and institutions snapping up coins in privately negotiated transactions, keeping demand steady.

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For now, bitcoin appears to be performing better than the market mood surrounding it, holding steady despite persistent fear across the broader financial landscape.

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USD/JPY Approaches Key Resistance Level

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USD/JPY Approaches Key Resistance Level

The USD/JPY chart shows a bullish trend at the start of March, influenced by the escalation of military activity in the Middle East.

On one hand, the US dollar is strengthening due to increased demand for safe-haven assets. On the other, the Japanese economy is under pressure because of its heavy reliance on oil imports from the Middle East.

These factors have pushed the pair above 159.20 JPY per USD this week, surpassing the January high (point A). The 2026 peak lies nearby; however, technical analysis suggests that bullish momentum may be fading.

In our note of 26 February, we:
→ updated the wide ascending channel along with the intermediate growth trajectory (shown in purple);
→ highlighted signs of seller activity near 156.600.

As indicated by the arrow on the USD/JPY chart, after a small pullback to the lower purple line, buyers resumed their efforts, with the 156.600 level now acting as support.

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Currently, we can observe that:
→ the RSI indicator is forming a bearish divergence;
→ it is becoming increasingly difficult for the price to reach the upper boundary of the purple channel;
→ the brief breach of point A resembles a bearish Liquidity Grab.

Additional bearish factors include:
→ the line dividing the upper half of the long-term channel into two parts;
→ proximity to the psychological 160 JPY per USD level.

It is worth recalling that in 2024, 1 USD briefly exceeded 160 JPY, but this level did not hold, as the Bank of Japan intervened. This context adds significance to the upcoming BOJ announcements, scheduled for next Thursday. Ahead of this event, USD/JPY may consolidate around current levels.

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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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US midterms could spark Bitcoin and stock rallies

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Crypto Breaking News

Geopolitical frictions and a shifting macro backdrop are sharpening focus on what could emerge as a tipping point for crypto and broader risk assets: the US midterm elections. In a March 11, 2026 market commentary, Binance Research surveys how election cycles historically fed rebounds in equities and Bitcoin, suggesting the upcoming vote might unlock a constructive window for risk-on assets. The report flags that the 12 months after past midterms have seen the S&P 500 rise by about 19% on average, while Bitcoin delivered roughly a 54% gain across the three post-midterm years on record. With the midterms slated for November 3, 2026, the study frames the coming year as a potentially pivotal phase for markets trading around political uncertainty.

Key takeaways

  • Historical post-midterm performance shows a potential upside for risk assets, with the S&P 500 up ~19% on average and Bitcoin up ~54% over the three post-midterm years in prior cycles.
  • Bitcoin has experienced negative returns during several midterm years (example declines: 2014, 2018, 2022), but the pattern in subsequent years has generally been a rebound.
  • The near-term direction hinges on geopolitics, notably US-Israel-Iran tensions, with oil prices a potential pressure point if energy supply is disrupted.
  • The energy market narrative was reinforced by an emergency energy stock release of 400 million barrels, the largest coordinated drawdown on record.
  • Market participants appear to be in a wait-and-see phase, awaiting clearer directional signals once election outcomes are known.

Tickers mentioned: $BTC

Sentiment: Neutral

Price impact: Positive. The historical pattern of post-midterm rebounds in both equities and Bitcoin suggests a potential uplift in risk assets once political uncertainty subsides.

Trading idea (Not Financial Advice): Hold. Investors may want to wait for clearer post-election directional cues and macro signals before taking sizable new positions.

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Market context: The narrative arcs around the midterms intersect with macro risk sentiment, regulatory discourse, and energy-market dynamics, all of which can shape liquidity and appetite for crypto assets in the near term.

Why it matters

The Binance Research framework emphasizes that the political risk hurdle commonly cleared after election outcomes has historically unlocked a more robust risk-on regime. In practical terms, if the 2026 midterms resolve with a clearer policy outlook, traders could see renewed bid activity across both traditional markets and crypto. The historical lens does not guarantee future moves, but it provides a reference for how sentiment has tended to shift when political ambiguity diminishes.

From a trader’s vantage point, the divergence between headline risk and market mechanics is notable. Even as Bitcoin (CRYPTO: BTC) has flirted with key levels and traded within ranges shaped by liquidity flows, the broader message of the Binance analysis is that the cycle often accelerates once electoral uncertainty recedes. In prior midterm years, Bitcoin’s trajectory has been punctuated by sharp corrections during the year itself, followed by significant recoveries in the ensuing periods. That pattern could inform risk budgeting and timing considerations for funds that aim to participate in the rebound without overexposure to interim volatility.

Oil and energy markets add another layer of complexity. As geopolitical tensions intensify, crude prices have shown sensitivity to supply expectations. Recent data suggest the market could spike further if disruptions endure, a scenario that tends to weigh on risk assets in the short run even as longer-term cycles remain dependent on policy clarity and liquidity dynamics. A one-day spike to the vicinity of $95 per barrel framed the current stress, underscoring how energy risk can spill over into equities and crypto markets.

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In parallel, market infrastructure signals have pointed to a broader risk-off posture in the near term. The energy-release maneuver by international authorities, described as the largest-ever coordinated drawdown, adds a layer of supply-side management that could temper volatility in the energy complex—but it does not eliminate the risk of further macro shocks. Analysts cautioned that continued geopolitical escalation could keep risk assets under pressure, at least until a clearer post-election framework emerges. For readers interested in the on-the-ground links to these developments, recent reporting from Reuters outlined the energy dynamics and the rhetoric around price stability amid the conflict.

Despite the near-term headwinds, the longer historical arc highlighted by Binance Research remains relevant: the period after the election and the associated resolution of political uncertainty has historically produced meaningful rallies. The message is not to extrapolate a foolproof blueprint, but to recognize that policy clarity can reframe risk appetite. Bitcoin’s own history of midterm-year drawdowns, followed by rebounds, adds a layer of complexity but also a potential pathway for investors who can weather the interim noise. To see a related compilation of market context including the energy shock and its ripple effects, readers can review the linked analyses and the energy market data sources cited in the coverage, including the market commentary that anchors these observations.

For a quick snapshot of the broader narrative in motion, a concise explainer video on market dynamics related to this cycle can be found here: Video discussion.

The analysis arrives as markets enter a period of heightened attention ahead of the November 3, 2026 vote, when the 120th Congress will take shape and set the tone for policy and regulatory signals in the year ahead. While the near term may ride a roller-coaster of headlines, the data from prior cycles provides a reference point for investors assessing whether a recovery window could be opening for equities and digital assets alike. The key takeaway: the post-election horizon could be the most constructive phase of the cycle, provided geopolitical tensions do not diverge into a sustained risk-off regime before the dust settles.

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The crosscurrents at play—geopolitics, energy stability, and the timing of policy clarification—mean that market moves could be as much about risk sentiment and liquidity flows as about fundamentals. In the coming months, traders will be watching for progress in diplomatic channels, oil market signals, and any regulatory developments that could influence market structure or capital flows into crypto. The interplay of these factors will help determine whether the long-hoped-for recovery accelerates or remains restrained by ongoing uncertainty.

As with all such analyses, the caveat remains: past performance is not a guarantee of future results. However, the framework outlined by Binance Research provides a structured lens to interpret how the upcoming midterms might align with broader macro and crypto-market rhythms. The next few quarters will be telling as investors weigh the odds of a meaningful reset against continued geopolitical volatility and policy debates that will shape the market landscape for the remainder of the year.

What to watch next

  • November 3, 2026 — US midterm elections determine the composition of the 120th Congress and influence policy signals for the year ahead.
  • Post-election period — watch for any substantive shifts in regulatory discourse that could affect crypto market structure and liquidity.
  • Geopolitical developments in the Middle East — escalation or de-escalation can impact energy prices and risk sentiment.
  • Official energy-market actions — monitor further commentary on energy security and any additional emergency stock management outcomes.
  • Market commentary updates — ongoing analyses that correlate election outcomes with volatility and liquidity in crypto markets.

Sources & verification

  • Binance Research, Weekly Market Commentary (March 11, 2026) — historical post-midterm performance data and interpretation.
  • Reuters reporting on energy disruptions and price implications related to Middle East tensions.
  • Trading Economics data on crude oil price movements and daily price spikes.
  • International Energy Agency announcements on emergency stock releases (largest coordinated drawdown).
  • Election date and political timeline for the November 3, 2026 midterms.

Post-midterm dynamics could reshape crypto and risk assets

The central premise is that the political fog surrounding election outcomes has historically been a wind at the back of risk assets once it lifts. Binance Research’s synthesis shows a pattern of strength following periods of uncertainty, with the S&P 500 and Bitcoin delivering memorable advances in the year or years after midterm cycles. That pattern does not imply a guaranteed rally, but it offers a framework for considering how a calmer political horizon might influence price action across markets that have become increasingly interlinked in recent years.

In practice, the near-term trajectory will be colored by geopolitics and macro data arrivals. The immediate risk premiums tied to the US-Israel-Iran dynamic could push energy prices higher, which tends to compress risk appetite in the short run. Yet if the election outcomes resolve in a way that reduces political risk, liquidity could improve and traders may reallocate toward risk assets, including digital currencies. Bitcoin’s own history in midterm years—marked by episodic declines followed by longer-term recoveries—adds nuance to how investors should position themselves during this transition window. The historical signal is not a guarantee, but it is a lens for weighing potential outcomes as the cycle evolves.

Market participants will also be watching for any policy shifts or legislative milestones that could affect the crypto market structure, such as regulatory proposals or framework updates that impact market access and capital flows. The energy-market backdrop, with its flashpoints and emergency stock actions, will continue to feed volatility but also to shape the tempo of risk-taking. In a landscape where liquidity and risk sentiment are closely tethered to macro and geopolitical developments, the post-midterm period could offer a clearer directional signal for traders, investors, and builders navigating the crypto ecosystem.

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Crypto accounting firm Cryptio raises $45 million in Series B funding round

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Management wins board approval to sell BTC

Cryptio, a developer of accounting software for digital assets, raised $45 million in a Series B funding round as financial institutions and corporations expand their use of blockchain-based assets.

The round closed about three weeks ago and was led by BlackFin Capital Partners and Sentinel Global. Existing investors 1kx, BlueYard Capital and Ledger Cathay Capital also participated, Fortune reported, citing a company announcement. The company’s valuation wasn’t disclosed.

Cryptio’s platform helps companies track the digital assets they hold and where those assets are stored across wallets, custodians and exchanges. In January last year, the firm raised $15 million in an extension to its Series A funding round from mid-2022.

The software also helps firms manage crypto loans and monitor other blockchain-based assets. The system organizes this data so companies can produce accounting records and financial reports.

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Cryptio was founded eight years ago by Antoine Scalia, after he graduated from business school in Paris. Early customers were startups and smaller crypto companies.

The firm now employs about 110 people and serves more than 450 clients. Those clients include stablecoin issuer Circle Internet (CRCL) and the blockchain subsidiary of French bank Société Générale (GLE).

Cryptio operates in a growing market for crypto accounting tools. In January, crypto infrastructure firm Fireblocks acquired competing platform TRES Finance for $130 million.

Sentinel Global managing partner Jeremy Kranz said Cryptio has gained traction by working closely with large financial institutions and explaining how its system integrates with their existing accounting processes.

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The fundraise comes as U.S. corporate adoption of the crypto space has accelerated, with the Trump administration pushing policies meant to strengthen the industry in the U.S. His cyber strategy has vowed to “support the security” of cryptocurrencies and blockchain.

Regulatory and accounting changes have also lowered barriers for institutions. Regulators replaced the SEC’s SAB 121 guidance with SAB 122, easing custody rules for banks, while new Financial Accounting Standards Board rules that took effect in 2025 require companies to report crypto assets at fair value.

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BlackRock debuts staked ether ETF as demand grows for yield in crypto funds

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BlackRock debuts staked ether ETF as demand grows for yield in crypto funds

After the first wave of spot ether (ETH) exchange-traded funds launched without staking, BlackRock’s iShares Staked Ethereum Trust ETF (ETHB), one of the industry’s most anticipated versions, begins trading on Nasdaq on Thursday.

The fund marks the asset manager’s third crypto ETF and the first from BlackRock to incorporate staking. ETHB will hold spot ether and stake a portion of those holdings on the Ethereum network, allowing investors to potentially earn rewards while benefiting from price movements.

The new vehicle expands BlackRock’s existing digital asset lineup, which includes the iShares Bitcoin Trust (IBIT) and the iShares Ethereum Trust (ETHA). Those funds have grown rapidly since their launches, with IBIT today managing more than $55 billion in assets and ETHA about $6.5 billion.

“This is really about investor choice,” Jay Jacobs, BlackRock’s U.S. head of equity ETFs, told CoinDesk in an interview. “While ETHA has developed liquidity and a growing derivatives market, some investors are focused on maximizing total returns by combining ether price exposure with staking rewards, he added.”

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Ethereum uses a proof-of-stake system that allows holders of its native token to lock up coins to help validate transactions and secure the network. In return, participants receive rewards, which many investors view as a yield-like feature of the asset.

Until now, most ether ETFs have offered only price exposure without staking, although some asset managers, including Grayscale, have recently launched ETFs with staking capabilities. Jacobs said that gap may have discouraged some crypto-native investors from moving assets into exchange-traded funds.

“Some investors who already hold ether directly were staking it and weren’t ready to move into an exchange-traded product because they would lose that feature,” he said. “By incorporating staking, the ETF allows investors to keep the benefits of staking while gaining the operational advantages of an ETF structure.”

Those advantages include institutional-grade custody, the ability to trade through traditional brokerage accounts and integration with standard portfolio allocations alongside stocks and bonds.

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The product may also appeal to certain institutional investors who prefer assets that generate income or cash flow.

“For some institutions, when they evaluate an investment, they want to think about it from a cash flow perspective,” Jacobs said. Staking rewards may help make ether more comparable to other assets in portfolio models.

Read more: Crypto ETFs with staking can supercharge returns but they may not be for everyone

BlackRock expects interest in the product to come from a wide range of investors, including individual traders, financial advisors and institutional allocators such as hedge funds and family offices.

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The fund carries a 0.25% sponsor fee, though BlackRock is waiving part of the cost for the first year, reducing it to 0.12% on the first $2.5 billion in assets. Jacobs said the temporary discount is intended to help the product gain traction in its early months.

Despite the growth of crypto investment products, allocations to digital assets remain relatively small in traditional portfolios. Institutions are typically allocating in the “low single digits,” often around 1% to 2%, according to Jacobs. At those levels, he said, the risk contribution of bitcoin or other digital assets can be comparable to the exposure investors already accept from large technology stocks within diversified portfolios.

BlackRock has rapidly become one of the largest players in crypto investment products. The firm oversees roughly $130 billion across crypto-related exchange-traded products, tokenized liquidity funds and stablecoin reserve management. According to the company, iShares captured about 95% of flows into digital asset ETPs in 2025.

For now, Jacobs said the firm remains focused on expanding adoption of its existing crypto products, particularly bitcoin and ether, as many investors are still learning about the asset class.

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“We’re still in the early days of digital asset ETF adoption,” he said. “For many investors, this is the first step.”

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Tesla (TSLA) Secures UK Electricity Supply License to Power Homes and Businesses

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TSLA Stock Card

Key Takeaways

  • Ofgem has approved Tesla Energy Ventures’ application for a UK electricity supply license, now in effect.
  • The licensing procedure spanned from July 2025 through March 2026 before final authorization.
  • Tesla is now authorized to retail electricity to residential and commercial properties throughout Great Britain.
  • The company enters competition with major British energy providers including Octopus Energy, British Gas, and EDF.
  • A different Tesla entity, Tesla Motors Limited, previously obtained an electricity generation license in the UK.

Tesla Energy Ventures Limited has received authorization from Ofgem to retail electricity throughout Great Britain. The regulatory approval became effective Wednesday following a review process that commenced in July 2025.

The authorization encompasses both residential and commercial customer segments, enabling Tesla to distribute electricity directly to British households and enterprises.

This positions Tesla as a new competitor against Britain’s established energy retailers, including Octopus Energy, British Gas, and EDF.

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Tesla, Inc., TSLA

Tesla has existing operations within the UK energy sector. Through Tesla Motors Limited, the company maintains an electricity generation license, and customers with Powerwall batteries can already monetize surplus solar generation through grid feed-in.

The newly granted supply license represents a logical progression — enabling Tesla to manage the entire cycle and distribute electricity directly as a retail provider.

Market Entry During Price Volatility

The authorization arrives during a challenging period for British consumers. Energy costs across Britain have increased following conflict in Iran, creating widespread concern about escalating utility expenses.

Most British households currently enjoy temporary protection from volatile gas prices through July under regulated pricing structures. However, this safeguard is temporary.

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Tesla’s entrance into the market provides consumers with an additional choice among retail energy providers, although competitive pricing details have not been disclosed.

The automaker brings international energy market experience. Tesla Energy currently maintains operations in Australian and American energy markets.

Tesla’s British Market Standing

Tesla’s automotive sales in the UK have faced headwinds. Vehicle deliveries declined 8.9% year-over-year during 2025, impacted by competitive pressure from budget-friendly Chinese electric vehicle manufacturers.

Additionally, some markets have experienced consumer resistance connected to Elon Musk’s involvement in political discourse.

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The energy sector provides Tesla an alternative growth channel in Britain — one independent of automotive performance.

Tesla has yet to reveal pricing structures, rate plans, or an official launch timeline for its electricity retail services in Great Britain.

Ofgem confirmed the license approval through an official regulatory announcement released this week.

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Oracle (ORCL) Shares Jump Above $160

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Oracle (ORCL) Shares Jump Above $160

Following a strong earnings report, Oracle shares surged above $160, marking roughly a 1.5-month high:
→ Earnings per share: expected $1.70, actual $1.79;
→ Revenue: expected $16.7bn, actual $17.2bn.

This is the first quarter in 15 years in which both revenue and earnings rose by more than 20%. Additional optimism came from:
→ Cloud infrastructure revenue, which jumped 84% to $4.9bn;
→ Oracle confirming a five-year, $300bn deal with OpenAI (Project Stargate);
→ Total backlog (future revenue) surpassing $553bn.

These developments have the potential to significantly ease downward pressure on ORCL shares, which had been in a downtrend following a record high last autumn.

In our technical note of 5 February, the stock fell below $150, and we:
→ highlighted support levels that could halt further declines;
→ suggested that “smart money” might view prices below $150 as attractive.

That same day, ORCL shares formed a low from which they did not fall further.

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Recent price action, including a bullish gap above $160, indicates that buyers are regaining control. However, they may need to exert substantial effort to confirm their strength, given that:
→ the $170 level, formerly support, now acts as resistance (indicated by an arrow);
→ the descending channel (shown in red) remains relevant.

Buy and sell stocks of the world’s biggest publicly-listed companies with CFDs on FXOpen’s trading platform. Open your FXOpen account now or learn more about trading share CFDs with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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Is a crypto market rally coming as Trump declares victory in the Iran war?

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Is a crypto market rally coming as Trump declares victory in the Iran war? - 1

The global financial markets saw a notable shift as President Donald Trump declared the U.S. has effectively “won” the conflict with Iran, signaling a potential end to the 10-day military engagement known as Operation Epic Fury.

Summary

  • The crypto market rebounded after President Donald Trump declared the U.S. had effectively “won” the conflict with Iran.
  • Bitcoin surged over 5% to reclaim the $70,000 level as investors rotated back into risk assets.
  • Analysts say a break above $72,500 could signal a broader crypto market rally if geopolitical tensions continue to cool.

The Geopolitical pivot: From “excursion” to victory

In a series of rapid-fire statements from Kentucky and Florida, President Trump characterized the war as a “short-term excursion” that achieved its primary objectives within the “first hour.” He claimed that roughly 80% of Iran’s missile launchers and much of its naval power have been neutralized.

For crypto markets, the rhetoric marks a critical transition.

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While the President noted that forces would remain to ensure stability, the shift from active escalation to a “victory” narrative has triggered a classic “risk-on” rally.

Investors, who had previously fled to safe havens like gold and the U.S. Dollar, are now rotating back into high-growth assets as the threat of a prolonged energy chokepoint in the Strait of Hormuz appears to recede.

Crypto market rebounds “Peace Trade”

The crypto market acted as a primary barometer for this shifting sentiment. After sliding into the mid-$60,000 range earlier in the week due to war-induced panic, Bitcoin (BTC) staged a powerful recovery, jumping over 5% to reclaim the $70,000 psychological barrier.

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Ethereum and major altcoins followed suit, with total crypto market capitalization rebounding to $2.45 trillion.

If the de-escalation holds, the “uncertainty overhang” that has suppressed prices since late February could vanish, potentially setting the stage for a run toward new all-time highs.

What the BTC chart says next

The BTC/USDT 1D chart highlights a significant technical tug-of-war. Despite the recent bounce, Bitcoin remains in a consolidation phase following its February peak.

Is a crypto market rally coming as Trump declares victory in the Iran war? - 1
Bitcoin price analysis | Source: Crypto.News

Immediate Resistance: The $72,500 level remains the “boss” of this range. A daily candle close above this mark, supported by high volume, would confirm a breakout.

Support Zones: The $67,500 to $68,000 zone has proven resilient. As long as BTC stays above this floor, the bullish structure remains intact.

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The BBP Indicator: A close look at the BBP indicator at the bottom of the chart shows that the histogram has already flipped into green territory. This is a significant bullish signal, indicating that the “Bulls” have successfully overpowered the “Bears” for the time being.

While Trump’s declaration has provided the spark, the sustainability of this rally depends on whether the “victory” translates into a formal ceasefire and stabilized oil prices. If geopolitical tensions continue to cool, the “Trump Peace Trade” could be the catalyst that finally pushes Bitcoin into the elusive six-figure territory.

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