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Jack Dorsey’s Block Plans to Cut Up to 10% of Staff in Efficiency Push

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Jack Dorsey’s Block Plans to Cut Up to 10% of Staff in Efficiency Push

Jack Dorsey’s financial technology company Block Inc. is preparing to cut up to 10% of its workforce as part of a broader effort to streamline operations and improve efficiency, Bloomberg reported, citing people familiar with the matter.

Summary

  • Block plans to cut up to 10% of its workforce as part of an efficiency drive, Bloomberg reported.
  • The move could impact around 1,000 employees following internal performance reviews.
  • Cost controls come ahead of Block’s upcoming earnings report amid slowing growth.

Block puts workforce cuts under review

The potential reductions could impact roughly 1,000 employees, based on Block’s headcount of just under 11,000 as of late 2025.

Employees were informed internally that roles are being reviewed as part of annual performance evaluations, with decisions expected to be finalized in the coming weeks.

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The move marks the latest step in a multi-year restructuring effort at Block, which operates businesses including Square, Cash App, and Bitcoin-focused initiatives. The company has been working to simplify its organizational structure, integrate teams more closely, and focus resources on higher-growth and more profitable areas.

Block has also been increasing its emphasis on automation and internal productivity tools, including an in-house artificial intelligence assistant known as Goose, as it looks to operate more efficiently at scale.

The company has previously said it wants to balance growth investments with tighter cost controls.

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The planned workforce reduction comes as Block navigates a challenging operating environment. Growth in its Square merchant business has slowed amid pressure on small businesses, while competition across digital payments and financial services remains intense.

Block is scheduled to report fourth-quarter earnings later this month, with investors closely watching margins and cost discipline. The company has outlined long-term targets calling for sustained gross profit growth through the second half of the decade.

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Here’s why Shiba Inu Coin price is on the cusp of a rebound

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shiba inu coin

Shiba Inu Coin price rose by 7% on March 10 as the crypto market rallied and as the burn rate jumped by over 162%.

Summary

  • Shiba Inu price rose by over 7% on Tuesday as crypto prices rebounded.
  • The coin’s burn rate jumped by 162% to 6.5 million.
  • It has formed a highly bullish falling wedge pattern, pointing to an eventual rebound.

Shiba Inu (SHIB) token was trading at $0.0000058, a few points slightly above the year-to-date low of $0.00000525. It remains 83% below its highest point in 2025.

On the positive side, the coin’s burn rate jumped by 162% to over 6.58 million in the last 24 hours. The circulating supply has dropped to 585 billion after 410 billion were burned from the initial supply. A token burn reduces a coin’s circulating supply and its inflation.

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Meanwhile, futures data shows that activity in the market is doing well. The futures open interest rose to $62.8 million on Wednesday, up sharply from last week’s low of $53 million. Rising open interest is a sign that demand is rising in the futures market.

Shiba Inu’s volume in the spot market has also continued rising this week. It jumped to over $143 million, up from below $100 million last week.

Another potential catalyst for the token is the latest developments in the Middle East, where Donald Trump is seeking to de-escalate the crisis after the stock market dropped and crude oil prices surged to the highest point since 2022.

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Shiba Inu Coin price technical analysis 

shiba inu coin
SHIB price chart | Source: crypto.news

A look at the three-day chart shows that the coin has remained in a bear market this year. This decline, however, is losing momentum as evidenced by the Average Directional Index, which has moved sideways since January. 

On the positive side, the coin has formed a large falling wedge pattern, which is made up of two descending and converging trendlines. There are signs that the two lines are nearing their confluence, which is where bullish breakouts normally happens.

At the same time, the Stochastic Relative Strength Index has moved upwards from 20 in January to 55 today. That is a sign that it has formed a bullish divergence pattern.

Therefore, the most likely SHIB price prediction is bullish, with the next key target being at the 50-day Exponential Moving Average level at $0.0000080. The bullish view will become invalid if it drops below the year-to-date low.

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Pi Network (PI) News Today: March 10th

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Top Trending Cryptocurrencies


Pioneers await additional upgrades and potential ecosystem expansion this week.

Pi Network, a crypto project often surrounded by controversy, has been drawing renewed attention lately after the Core Team announced a series of upgrades and key developments.

In the days ahead, further updates may emerge that could influence PI’s price.

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What Happened and What’s Next?

Earlier this month, the team behind the project revealed that the protocol v19.9 migration was successfully completed, while the next version, v20.2, is scheduled for release later this week, or around March 12.

Another notable development was the newly revealed case study showing how Pi Nodes could be leveraged as a distributed network for AI computing and model training.

Beyond the expected protocol upgrade, the community’s attention has shifted to March 14, widely known as Pi Day for its symbolic resemblance to the mathematical constant π (3.14). In 2025, Pi Network expanded its ecosystem around that date, with many speculating that a similar move might occur this year.

Some community members hope for a major listing on Pi Day, whereas others believe a key announcement from the Core Team is more likely.

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PI Remains Trending

The native token of Pi Network is among the best performers from crypto’s top 100, with its price surging by roughly 30% over the past week. A few days ago, it briefly climbed to a three-month peak of $0.23, while currently it is worth $0.22 (per CoinGecko’s data).

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Its impressive rise naturally drew the attention of traders and investors, pushing PI into the spotlight. At one point, it even became the top-trending cryptocurrency on CoinGecko. Although the token has cooled off slightly, it remains among the platform’s 15 most-searched digital assets.

Top Trending Cryptocurrencies
Top Trending Cryptocurrencies, Source: CoinGecko

Sell-Off on the Way?

Over the past few days, there has been an evident shift of PI tokens from self-custody to centralized exchanges. Data shows that approximately 4.8 million coins have been transferred to trading venues in the last 24 hours alone, thus bringing the total number to 454.1 million. This doesn’t directly imply a short-term price collapse, although the development is often interpreted as a pre-sale step.

PI Exchange Supply
PI Exchange Supply, Source: piscan.io

Moreover, PI’s Relative Strength Index (RSI) briefly crossed above the bearish mark of 70 and remains quite close to it. This means that the asset has entered overbought territory and could be headed for a pullback. Conversely, anything below 30 is considered a buying opportunity.

PI RSIPI RSI
PI RSI, Source: RSI Hunter

 

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Bitcoin Once Surged 2,200% After This Key Signal That Just Flashed: Is History Repeating?

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Bitcoin Once Surged 2,200% After This Key Signal That Just Flashed: Is History Repeating?


The same analyst also noted that BTC is currently running the “oldest playbook in markets.”

Merlijn The Trader, a popular crypto analyst on X, indicated that quantitative tightening had just ended, which has historically preceded massive bitcoin rallies.

He has remained highly bullish on BTC’s mid- to long-term price trajectory, noting that the cryptocurrency is currently in its second phase of manipulation before it heads back above $100,000.

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QT Ending: BTC to Millions of $?

Although the official QT ending was determined to be December 1, 2025, Merlijn focused on the more macro bitcoin picture, comparing the same scenario from 2019. At the time, the US Fed also pivoted from its monetary strategy, which was among the propellers behind bitcoin’s surge from a $3,000 low to a $69,000 high within a few years.

He believes the macro trigger and the demand zones are the same now, and noted that if BTC maintains the $70,000 level, the “rally begins.” If it drops below $60,000, then the accumulation extends.

If BTC is to stage such a remarkable rally now of 2,200%, its price tag would skyrocket to over $1.6 million per unit. Needless to say, it sounds rather unimaginable now, but bitcoin has proven in the past that it tends to prove people wrong.

In a separate post, the analyst noted that bitcoin’s accumulation phase is done, and the asset is in its second stage of manipulation, which is “happening now.” Phase 3 would be the distribution, where BTC will head into a six-digit price territory. He noted that $65,000 is the “last stop before the final phase.”

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“Hold it: the move begins. Lose it: manipulation isn’t finished yet,” he added.

$80K Next?

As BTC climbed to $71,000 earlier today, Michaël van de Poppe commented that $75,000 should be next, followed by $80,000 this month. While focusing on the more short-term price moves of BTC, the analyst warned that this is “not a V-shape type of recovery, but easily a mean reversion bounce on higher timeframes.”

Interestingly, he argued that the altcoins would perform more impressively during this phase.

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ABM Industries (ABM) Stock Declines Despite Revenue Beat in Q1 Earnings

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ABM Stock Card

TLDR

  • First quarter revenue climbs 3.9% year-over-year, topping $2.19B consensus.
  • Earnings per share lands at $0.83, falling short of $0.87 projection, pressuring shares 1.28% lower.
  • Competitor results vary: Tetra Tech advances while Pitney Bowes recovers ground.
  • Wall Street keeps $54.67 average price objective intact through current headwinds.
  • Top-line momentum persists while profitability concerns weigh on investor confidence.

Shares of ABM Industries Incorporated (ABM) retreated to $43.28, declining 1.28% following the publication of first quarter financial results. The facility services provider posted quarterly revenue totaling $2.2 billion, marginally surpassing the Street’s $2.19 billion projection. Earnings per share, however, registered at $0.83, falling below the anticipated $0.87 figure.


ABM Stock Card

ABM Industries Incorporated, ABM

Top-line performance expanded 3.9% compared to the prior year period, an improvement over the previous year’s corresponding quarter growth rate of 2.2%. Wall Street consensus figures remained relatively unchanged in the weeks leading up to the announcement, signaling expectations for dependable performance. The company has consistently delivered revenue results that meet or modestly surpass analyst projections.

The stock retreated despite exceeding revenue estimates as bottom-line results underwhelmed investors. Full-year earnings guidance continues to align with Street expectations. Trading activity demonstrates downward pressure on the equity despite maintaining solid revenue expansion.

Q1 Performance and Peer Comparisons

ABM’s revenue trajectory stands in contrast to comparable companies operating in industrial and environmental services sectors. Tetra Tech reported a 13.4% revenue contraction yet exceeded consensus estimates, while Pitney Bowes experienced a 7.5% decline and failed to meet projections. Despite revenue challenges, Tetra Tech shares climbed 3%, and Pitney Bowes equity jumped 8.6% following quarterly disclosures.

The industrial services category demonstrates divergent performance amid macroeconomic volatility and possible policy shifts. The broader segment has lagged, with securities declining 4.3% on average throughout the previous month. ABM’s equity decreased 6.2% over the identical timeframe, reflecting greater-than-average vulnerability.

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Wall Street analysts maintain a consensus price objective of $54.67 for ABM, substantially above today’s $43.28 trading level. This differential indicates expectations for sustained appreciation over extended horizons, although immediate results present obstacles. The company continues navigating margin headwinds while preserving consistent top-line expansion.

Earnings Revisions and Financial Health

ABM recorded four upward EPS estimate adjustments and three downward revisions during the past 90 days. This divergence in analyst opinion underscores uncertainty regarding profitability metrics and operational effectiveness. The organization’s financial health rating stands at “fair performance,” indicating moderate resilience.

First quarter revenue modestly exceeded consensus projections, yet the earnings disappointment underscores expense challenges and tempered profit advancement. Analysts anticipate the company will sustain reliable revenue trajectory throughout the balance of the fiscal year. Stock valuation reflects a blend of measured growth and earnings underperformance.

ABM continues serving a competitive industrial services marketplace while navigating economic variability. Revenue consistency contrasts with eroding profit margins, generating divergent investor sentiment. The equity trades well beneath analyst price objectives despite a track record of achieving revenue benchmarks.

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MiNK Therapeutics (INKT) Stock Rockets 80% Following Pediatric Cancer Partnership

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INKT Stock Card

Key Takeaways

  • Shares of MiNK Therapeutics (INKT) climbed 80% on Tuesday following the announcement of a strategic partnership with C-Further.
  • The collaboration focuses on developing therapies targeting PRAME, an antigen present in various childhood cancers such as leukemia and sarcomas.
  • MiNK stands to gain approximately $1.1 million in milestone-based, non-dilutive financing.
  • The company will also earn a double-digit percentage of future commercial revenue from the program.
  • MiNK retains flexibility to pursue additional oncology partnerships, as this deal is non-exclusive.

Shares of MiNK Therapeutics surged 80% during Tuesday’s trading session after the biotechnology firm unveiled a strategic collaboration with C-Further, a consortium dedicated to advancing pediatric oncology treatments.


INKT Stock Card
MiNK Therapeutics, Inc., INKT

The partnership aims to create a PRAME-targeted invariant natural killer T (iNKT) cell therapy designed specifically for pediatric cancer patients. PRAME represents a tumor-associated antigen present in numerous childhood malignancies.

According to the terms, MiNK Therapeutics will obtain roughly $1.1 million in non-dilutive capital. This financing structure allows the company to secure resources without diluting existing shareholder equity.

The funding will be disbursed as the company achieves predetermined scientific objectives throughout the preclinical candidate selection and translational development phases. Additionally, MiNK will capture a double-digit portion of any eventual commercial revenues generated by the therapy.

MiNK’s proprietary iNKT technology operates as a ready-to-use, off-the-shelf treatment option. The therapy is sourced from healthy donors, pre-manufactured, and administered without requiring HLA matching or lymphodepleting chemotherapy protocols — offering significant logistical benefits.

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The initiative specifically targets PRAME, which appears at elevated levels across multiple pediatric cancer types including various sarcomas, acute myeloid leukemia, and medulloblastoma. Since PRAME expression remains minimal in normal tissues, it presents an ideal candidate for therapeutic intervention.

C-Further operates with support from Cancer Research Horizons, LifeArc, and Great Ormond Street Hospital Charity. The consortium’s mission centers on fast-tracking immunotherapy development for children battling cancers with limited existing treatment alternatives.

MiNK Therapeutics will function as the primary industry collaborator for this project. The company contributes its iNKT technology platform, genetic engineering competencies, and translational development knowledge to the partnership.

Academic Research and Preclinical Studies

Researchers from the University of Southampton will conduct autonomous preclinical investigations. These studies will assess anti-cancer efficacy, cellular persistence, and safety profiles across various pediatric cancer models, including systems derived from actual patient tumors.

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The objective involves identifying one optimal clinical candidate. This lead candidate would subsequently advance toward initial human trials in pediatric populations.

This collaboration represents among the earliest programs selected by the C-Further consortium following its establishment. This positioning places MiNK among the first companies integrated into the consortium’s operations.

Flexibility Maintained Through Non-Exclusive Terms

The partnership operates under non-exclusive terms. This structure allows MiNK to simultaneously advance its iNKT platform across different cancer indications and establish additional collaborative relationships.

This framework holds significance for stakeholders. It ensures the C-Further collaboration doesn’t restrict MiNK to a singular development pathway — enabling parallel expansion of the company’s broader therapeutic pipeline.

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MiNK’s iNKT technology functions by merging PRAME-specific tumor recognition with the distinctive immunological properties of iNKT cells, which connect innate and adaptive immune system functions.

The therapeutic program seeks to achieve targeted tumor destruction while simultaneously activating coordinated immune responses throughout the tumor microenvironment.

INKT stock finished Tuesday’s session with an 80% gain. Prior to this announcement, the shares had been trading at relatively depressed levels, making this surge a dramatic market response to the partnership news.

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Sei price prediction as L1’s financial stack accelerates

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Sei price prediction as L1’s financial stack accelerates
  • Sei token is trading up as bulls mirror broader crypto gains.
  • The layer-1 blockchain project has notable growth across treasuries, equities, and agentic tools.
  • Broader market conditions and the technical picture favour downward price action.

The Sei Network (SEI) price has increased by nearly 5% in the past 24 hours, gaining amid a broader uptick that sees several altcoins trading higher at elevated volumes.

The high-speed Layer-1 blockchain optimized for trading is experiencing a resurgence amid key milestones across several market segments, and the SEI price, which hovers near $0.065, could tap into these potential bullish catalysts to climb higher.

Sei price outlook

The SEI token hit an all-time high above $1.14 in March 2024, having rallied from lows of $0.0007 in August of the previous year.

The token has declined from $0.37 in August 2025 and is down about 67% over the past year amid a prolonged bearish trend.

Current market conditions suggest bulls may struggle to reclaim the recent peaks.

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Technical indicators show the path of least resistance remains downward, even as the daily RSI signals an oversold bounce.

SEI’s current price is well below the key moving averages, including the 50-day and 100-day simple moving averages at $0.079 and $0.1005.

However, analysts are pointing to ecosystem growth and institutional adoption as potential catalysts that could combine with an anticipated uptick in altcoins to drive prices higher.

Sei Price Chart
Sei price chart by TradingView

Sei’s financial stack accelerates

Sei shared in an X post on Mar 10 that the project’s financial infrastructure has witnessed tremendous growth over the past two months.

This includes milestones such as daily active addresses (DAA) jumping to 1.7 million, reached as the L1 records seven consecutive quarters of expansion.

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Among key developments in this period is Ondo Finance’s launch of tokenized US Treasuries across Sei lending markets.

The integration allows users to access yield-bearing assets seamlessly, bridging traditional finance with decentralized ecosystems and pushing the native token to the forefront of adoption.

The project has also attracted attention amid interest in equities trading, with Chainlink’s equities price feeds set to roll out on Sei through the oracle-backed platform Monaco Trading.

Meanwhile, Sei is recording traction in real-world utility with a stablecoin payroll solution, agentic consumer finance tools, and custody solutions.

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Coinbase announced full SEI EVM integration, and Kraken went live with native SEI EVM deposits and withdrawals.

These are bullish factors, even as metrics such as total value locked tank and stablecoin usage on Sei flounder.

Notably, TVL has dropped from a high of $1.37 billion in July 2025 to under $80 million.

Stablecoin market capitalization is also down, dipping by 17% in the past week to about $119 million.

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If market sentiment remains bearish, it could reflect in the token’s short-term price action.

However, if Sei’s financial stack maintains an upward trajectory, near-term projections include a breakout above the psychological 1 mark.

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Stellar (XLM) Gaines 5.1%, Leading Index Higher

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9am CoinDesk 20 Update for 2026-03-10: vertical

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 2004.71, up 1.4% (+26.87) since 4 p.m. ET on Monday.

Fifteen of 20 assets are trading higher.

9am CoinDesk 20 Update for 2026-03-10: vertical

Leaders: XLM (+5.1%) and NEAR (+3.6%).

Laggards: BCH (-1.0%) and UNI (-0.5%).

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The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

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Ripple moves toward $1.35 support amid growth of new crypto utility protocols

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Ripple Prime adds Hyperliquid for institutional DeFi trading

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Ripple is testing key support near $1.35 as market attention increasingly shifts toward utility-driven DeFi platforms such as Mutuum Finance.

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Summary

  • About 66% of XRP supply is in unrealized loss as the token trades near critical support around $1.35.
  • Investors are exploring projects with functional DeFi services rather than sentiment-driven tokens.
  • Mutuum Finance has raised $20.7M+ and is testing a lending protocol featuring mtTokens, Debt Tokens, and dual lending markets.

Ripple (XRP), a long-standing leader in the cross-border payment sector, is currently testing the resolve of its holder base as it slides toward a critical psychological floor. This movement comes at a time when the broader market is shifting its focus toward productive digital assets, protocols that offer automated financial services and verifiable on-chain utility.

Ripple

Ripple is trading at approximately $1.35, maintaining a market capitalization of roughly $82.9 billion. The token is currently locked in a tight range following a period of high-volume selling that characterized the earlier trading sessions. 

While XRP saw a brief recovery toward $1.47 last week, it has since entered a broader corrective phase. Technical data indicates that roughly 66% of the circulating XRP supply is currently in an “unrealized loss” position, which has increased the pressure on weak hands to sell into any minor rallies.

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Traders are now closely watching whether the $1.35 support zone can hold. Buyers have stepped in to defend this level multiple times over the last 48 hours, but the lack of strong institutional follow-through has kept the price action subdued. If a rebound occurs, the immediate resistance targets are set near $1.36 and $1.37, with a more significant “ceiling” appearing at $1.40.

On the downside, a decisive break below $1.34 could open the door to a deeper retracement toward the $1.30 to $1.32 range, which served as a foundation earlier in the year. Participation in the derivatives market remains mixed, while futures Open Interest has shown a slight uptick to $2.35 billion, it remains well below the record highs seen in 2025. 

The trend of new crypto utility protocols

The stagnation of many altcoins has coincided with increased interest in new crypto utility protocols. These projects aim to address specific operational needs, such as automated financial processes or non-custodial yield mechanisms. Unlike tokens that primarily respond to market sentiment, utility protocols are often evaluated based on their functionality and the volume of transactions they support.

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This trend is reflected in Mutuum Finance (MUTM). As some investors seek alternatives to the sideways trading of assets like XRP, they are exploring Mutuum Finance’s audited lending platform. The project has reported raising over $20.7 million and has a user base of more than 19,000 individual investors. The MUTM token is currently priced at $0.04. 

V1 Protocol: Lending, borrowing and mtTokens

Mutuum Finance has already demonstrated its technical capabilities through its V1 Protocol. This version introduces the mtToken system, which manages how liquidity providers earn returns. When a user deposits an asset like ETH, they receive mtTokens (such as mtETH) as a digital receipt. 

These tokens are yield-bearing, meaning they grow in value as the protocol collects interest. For example, a deposit earning a 5% Annual Percentage Yield (APY) allows the user’s mtETH to eventually be redeemable for more than the original deposit, providing a passive income stream.

On the borrowing side, the system uses a strict Loan-to-Value (LTV) ratio to ensure the safety of the protocol. If a user provides collateral with a 75% LTV, they can safely borrow a portion of that value in stablecoins. To track this, the system issues Debt Tokens to the user’s account. These tokens provide a transparent record of the outstanding loan and stay linked to the collateral until the debt is settled. This automated approach is currently being stress-tested by the project’s 19,000 investors to ensure it can handle the complexities of the live market.

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Mutuum Finance and Ripple roadmap plans

The long-term outlook for both projects is defined by their upcoming technical milestones. Ripple is focusing on the expansion of its RLUSD stablecoin, which recently reached a market cap of $1.56 billion. 

Mutuum Finance is advancing a dual-market system to give users more choices for borrowing and lending. The Peer-to-Contract (P2C) market uses automated pools to offer instant loans, while the Peer-to-Peer (P2P) market lets people negotiate their own custom interest rates and timelines directly. 

To keep these markets safe and accurate, the protocol uses decentralized oracles that provide real-time price data for all collateral. The team is also planning a native stablecoin to provide a steady unit of account for large liquidity lines. 

To support the economy, a buy-and-distribute mechanism uses a share of platform fees to buy MUTM tokens and give them to users who stake their assets in the Safety Module to protect the network. This ensures the protocol stays secure while rewarding the community for its support.

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Ripple (XRP) is navigating key technical support levels around $1.35 while exploring developments such as stablecoin initiatives aimed at maintaining institutional engagement. At the same time, newer crypto protocols reflect a broader interest in automated, non-custodial liquidity systems within decentralized finance. By incorporating features such as dual-market structures, decentralized oracles, and incentive mechanisms, Mutuum Finance (MUTM) aims to build infrastructure for more transparent financial services.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Bitcoin Price Shows ‘Signs of Improvement’ as Iran Conflict Fears Ease

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Bitcoin Price Shows ‘Signs of Improvement’ as Iran Conflict Fears Ease

The price of Bitcoin (BTC) is showing early signs of stabilizing around the $70,000 level as fears of an escalating conflict involving Iran begin to ease.

The market recovery remains tentative following a brutal multi-week selloff that strongly correlated with a massive spike in global oil prices and deteriorating macro sentiment.

Traders are now watching closely to see if returning institutional ETF momentum and shifting on-chain supply metrics can push the asset past heavy structural resistance.

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Iran Deescalation Rhetoric Eases Bitcoin Price Pressure

Just a fortnight ago, escalating tensions in the Middle East drove the price of Bitcoin rapidly down through the $66,000 pressure zone and eventually toward $63,000 as geopolitical panic gripped traditional markets.

Brent crude briefly spiked to $119.50 a barrel on fears of supply disruptions through the Strait of Hormuz.

That overarching macro pressure is rapidly retreating. Oil then fell again on Monday after President Donald Trump suggested the war involving Iran might soon de-escalate.

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Risk assets reacted immediately to the softening war rhetoric. The S&P 500 closed 0.83% higher, while Bitcoin forcefully decoupled from struggling indices, climbing around 4% overnight on the daily chart.

Investors are now reassessing the forces driving crypto pricing as global stress metrics begin to wind down and policy momentum shifts back to the forefront.

Technical Price Analysis: The Bitcoin Price Levels That Change Everything

Bitcoin is currently trading near $68,800, still battling strong bearish dominance across short-term structures.

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The asset remains roughly 42% below its October all-time high ($126,080), making the current local consolidation highly critical for any trend continuation.

From here, the next upside target sits around $75,000. Reaching that threshold requires sustained volume and a major shift in the Fear & Greed Index, which is currently stuck at an Extreme Fear reading of 13.

Traders analyzing recent market structure bottoms are eyeing the $65,000 mark as the primary line of defense. If this support level fails in the short term, bears will likely re-target the February floor of $63,000.

A deeper breakdown below the $60,000 floor signals a massive institutional wipeout. Anything above it keeps the tentative recovery thesis active.

Is Spot and Derivatives Demand Confirming the Recovery?

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On-chain internal metrics suggest the worst of the recent market stress may actually be easing.

According to a new market note from Glassnode, overall condition signals are stabilizing as momentum, ETF demand, and profitability metrics improve.

The analytics firm notes that while price momentum has firmed modestly, it still lacks the raw strength required to confirm a decisive bullish pivot. Sustaining the current bounce relies heavily on continuous ETF inflows to absorb trapped sellers.

Macroeconomist Henrik Zeberg remains optimistic, forecasting that strong institutional ETF demand could eventually fuel a massive risk-on rally between $110,000 and $120,000 as geopolitical headwinds vanish completely.

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However, short-term derivatives data present a sharper reality. Analysts warn that negative funding rates and cascading short liquidations drove the violent March 4 surge to $73,247, rather than pure spot accumulation. That implies the current floor relies more on futures positioning than genuine retail buying pressure.

What Traders Are Watching Next

Ultimately, for Bitcoin, holding the psychological fort at $70,000 for a sustained length of time clears the path toward upper breakout targets by mid-month.

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Downside support at $65,000 must be rigorously defended by spot buyers heading into the US trading session.

The true macro trigger altering this price action remains crude oil futures and further ceasefire updates out of the Middle East.

If institutional momentum holds steady despite the recent macro shock, Bitcoin could close the week by firmly rejecting the sub-$60,000 narrative altogether.

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Chainlink price technical analysis: LINK strengthens breakout setup

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Chainlink Price
Chainlink Price
  • Chainlink trades above $9 and could see a breakout amid a bullish technical setup.
  • Market conditions and overall weakness may allow bears to eye support near $8.
  • If bulls take control, LINK could rally towards past year highs.

Chainlink price rose slightly on Tuesday as the latest gains pushed Bitcoin to above $70,000 and altcoins showed strength amid easing investor jitters around the Iran war.

While LINK price remains in a downtrend amid the crypto market’s overall sentiment, bulls are holding steady above $9 and could extend upwards as a key technical setup strengthens.

At the time of writing, LINK’s price hovered around $9.13, up 3.4% in the past 24 hours and 6% in the past week as buyers pushed prices off lows of $8.40 reached on Monday, March 9.

Notably, Chainlink is edging higher amid an 8% increase in daily trading volume.

LINK price today

Chainlink’s latest price movement indicates resilience despite overall uncertainty around macro and geopolitical headwinds.

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However, the gains to intraday highs of $9.16 means bulls have a slight cushion after Monday’s dip.

Daily volume stands at over $721 million.

A notable aspect of LINK price over the past month or so is the resilience shown through inflows into spot exchange-traded fund products.

According to SoSoValue data, Chainlink spot ETFs saw inflows of $2 million on March 9, up from $935k on March 6 and $1.93 million a day earlier.

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Cumulative inflows totaled $92.66 million, suggesting investor conviction. Prices may rebound hard amid further ETF action.

Chainlink price technical forecast

The daily chart shows Chainlink price poised near the upper boundary of a long-term descending channel.

Bulls’ gains in the past week have also pushed the token into a tightening consolidation pattern marked by a downtrend line from the highs of $27 hit in August 2025.

As the chart shows, LINK has traded within a tight range between $7.84 and $9.55 since bouncing from the lows on February 5.

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The $8.10 level has acted as a key support level during this time.

However, more importantly, LINK is near the resistance mark of both the parallel channel and the downtrend line.

Chainlink Price Chart
Chainlink price chart by TradingView

While LINK price remains confined within the bearish structure, a breakout is likely to catapult prices to an initial supply zone around $12.

Buyers may also fancy a short-term push to highs of $14, another support-turned-resistance level from November and December 2025.

If a stronger uptick across crypto materializes, $19.85 would provide the next hurdle before bulls likely retest $27.

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On the downside, bears could have fresh momentum at the $8.32–$8.50 zone.

But if bulls manage to hold above this area, LINK’s breakout structure will remain.

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