ZEROBASE Weekly Market Update 3.3-3.9 2026

Despite severe market-wide pressure, ZBT effortlessly absorbed $71.76M in volume, holding a rock-solid $0.0717–$0.0782 range.

TOB spreads stayed razor-thin at just 0.45%.

Broader Crypto Market Context

Crypto saw volatility from U.S.-Iran tensions and weak U.S. jobs data.

Market cap ranged from ~$2.3T to over $2.5T last mid-week, then back to ~$2.3T. BTC ended flat around $70K after an early surge and later retreat.

Key Drivers and Developments

Optimism built early on contained conflict hopes, like U.S. efforts to keep Strait of Hormuz open.

This was amplified by institutional news, including Kraken's Fed payments access, ICE-OKX partnership, Morgan Stanley's BTC ETF advancements, and CFTC's regulated perps signals.

Sentiment flipped after Iran's tanker attack (oil above $100) and February NFP disappointment (-92k vs. +58k expected; unemployment 4.4%, wages +0.4% MoM).

These developments intensified stagflation worries and geopolitical risks into the week.

ETF Flows Overview

Net inflows held positive despite late outflows. BTC spot ETFs netted +$568M.

ZEROBASE Team