Where Is Bitcoin’s Bottom After a 53% Decline? On-Chain Data and Historical Cycles Have the Answer
TLDR:
Bitcoin has dropped 53% from its October 2025 peak, trading near $66,000 as of late March 2026.
Historical bear cycles saw drawdowns of 77–84%, placing the current 53% decline short of prior lows.
New whale cost basis at $82,800 creates heavy overhead resistance, making sustained recovery structurally difficult.
The macro support floor sits at $54,300, with a key cluster between $55,900 and $58,900 as the bottom zone.
Bitcoin is down 53% from its peak, raising urgent questions about cycle positioning. As of late March 2026, BTC trades near $66,000, having fallen sharply from its October 2025 high.
On-chain data, whale cost basis levels, and historical drawdown patterns now form the basis of serious cycle analysis.
The evidence points to a market still navigating overhead resistance, with macro support sitting well below current prices.
Historical Cycles Place the 53% Drop in Context
A 53% decline from peak sounds severe, but history tells a more measured story. The 2017–18 bear market saw Bitcoin drop 84% from its high.
The 2021–22 cycle produced a 77% drawdown before a floor formed. By those standards, the current 53% correction has not yet reached the depths that prior cycles demanded.
That context does not rule out further downside. Historically, the 40–70% drawdown range has remained active deep into bear phases.
A move toward the $58,000–$55,000 zone would push the drawdown closer to 55–56%, which still falls within the historical range without triggering alarm. Markets rarely bottom before the majority of participants exhaust their confidence.
On-chain analyst Burak Kesmeci noted that key whale cost basis levels tell a clear structural story. New whales, defined as holders with coins younger than 155 days, carry a cost basis of $82,800.
With BTC near $66,000, this group sits in significant unrealized loss. Recovery becomes structurally difficult when a major holder cohort remains underwater at levels far above current price.
Key Levels That Will Determine Where the Bottom Forms
The Short-Term Holder cost map as of March 26 confirms the overhead picture. The STH Realized Price overall stands at $86,900.
The 1M–3M cohort sits at $82,600, the 3M–6M cohort at $96,000, and the 365-day SMA at $97,700. Every major cost cluster remains well above current price, functioning as resistance rather than support.
The nearest overhead level to watch is the STH 1W–1M cost basis at $70,100. A weekly close above that level would mark the first real structural progress.
However, it remains far from resolving the broader wall of supply sitting between $82,600 and $97,700. Without a close above $86,900, those bands stay active as resistance.
On the downside, two levels form a meaningful support cluster. The Binance User Deposit Address sits at $58,900, and Miner Whale cost basis falls at $55,900.
Below those, the macro support floor based on the Realized Price rests at $54,300. That $54,000–$58,000 range represents the most credible bottoming zone if selling pressure persists through current levels.
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Stablecoin Volume Surpasses $30 Trillion Annually, Rivaling Traditional Payment Giants
TLDR:
Stablecoin transaction volume has surpassed $30 trillion annually, now matching Visa’s total processing scale.
CFOs and corporate boards are actively exploring stablecoin integration for treasury and payment operations.
Stablecoins offer instant settlement, borderless reach, and lower costs that traditional banking cannot match.
The real winners of the stablecoin shift will be builders of payment layers and settlement networks, not token holders.
Stablecoin transaction volume has crossed the $30 trillion mark annually, a figure that now rivals Visa’s total processing volume.
This shift marks a turning point in how global money moves. Businesses, financial officers, and corporate boards are beginning to take notice.
The numbers suggest stablecoins are no longer a niche crypto product. They are becoming core infrastructure for modern financial settlement and cross-border payments.
Stablecoins Step Into the Role of Global Payment Rails
The scale of stablecoin activity has caught the attention of mainstream finance. Crypto analyst Lucky noted that stablecoins are “quietly handling real-world volume — not speculation, actual usage.” That distinction matters greatly to corporate finance teams evaluating payment solutions.
1/ Stablecoin volume crossed $30T+ annually.
That’s bigger than Visa. Crypto didn’t replace banks. It became the backend of money.
2/ Stablecoins aren’t just a crypto use case anymore.
They’re becoming the rails of global finance.
And most people still don’t see it.
3/ While… pic.twitter.com/J774YNxjH0
— Lucky (@LLuciano_BTC) March 28, 2026
Traditional banking systems operate within fixed hours and geographic limits. Stablecoins, by contrast, offer instant settlement with no banking hours and borderless reach.
For businesses managing international transactions, these features reduce friction and cut costs considerably.
CFOs and treasurers are now asking direct questions about stablecoin integration. The technology solves practical problems that traditional banking has long struggled with. Lower transaction costs and near-instant finality make stablecoins attractive for corporate treasury operations.
As a result, stablecoins are moving from speculative interest to boardroom conversation. Companies across industries are examining how stablecoin rails can fit into existing payment workflows. This transition is happening gradually but with clear momentum.
Crypto Infrastructure Quietly Reshapes the Financial System
Lucky drew a broader pattern connecting major technology shifts to dominant outcomes. The internet moved information, social media moved attention, and crypto introduced digital ownership. Now, stablecoins are positioned to move money at scale globally.
This framing places stablecoins within a longer arc of technological disruption. Rather than replacing banks, crypto is embedding itself into the financial system as a backend layer. Settlement networks and payment layers are where the real structural change is occurring.
The winners in this shift, according to Lucky, will not simply be token holders. They will be the builders of payment infrastructure, settlement networks, and real-world financial integrations. The value is moving toward utility, not speculation.
History shows that infrastructure shifts are often missed until they become unavoidable. Most participants in previous technology cycles recognized the change only after it had already taken hold.
The stablecoin transition appears to be following a similar path, moving steadily beneath the surface of mainstream financial awareness.
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Senator Warren Demands Commerce Department Details on Bitmain National Security Risks
TLDR:
Senator Warren sent a formal letter to Commerce Secretary Lutnick seeking Bitmain-related national security documents.
Federal probe “Operation Red Sunset” examined whether Bitmain rigs could spy on or sabotage the US power grid.
American Bitcoin Corp., backed by Eric and Donald Trump Jr., purchased 16,000 Bitmain rigs for $314 million.
Warren urged Commerce to prevent politically connected crypto firms from influencing national security decisions.
Senator Elizabeth Warren has raised concerns about Bitmain Technologies, a Chinese Bitcoin mining company, amid a federal investigation into potential national security threats.
She sent a formal letter to Commerce Secretary Howard Lutnick requesting documents on the matter. Warren also sought clarity on any communications between Bitmain, the Trump family, and the Commerce Department.
U.S. Senator Elizabeth Warren sent a letter to the Commerce Secretary on Thursday requesting documents related to Chinese mining giant Bitmain to review potential "national security risks." She specifically requested clarification on communications between Bitmain, the Trump… pic.twitter.com/QrNxxPgC4e
— Wu Blockchain (@WuBlockchain) March 28, 2026
Warren Targets Bitmain Over Federal Security Investigation
The Massachusetts senator’s letter came after Bloomberg News reported a federal probe called “Operation Red Sunset.” The investigation started under the Biden administration and focused on Bitmain’s hardware.
Authorities sought to determine whether the machines could be used for spying. There were also concerns about possible sabotage of the American power grid.
The current status of Operation Red Sunset remains unclear to the public. National security investigations can run for years without any public legal proceedings.
The Department of Homeland Security, which led the probe, did not respond to comment requests. Bitmain also declined to respond to the latest inquiries.
Bitmain previously denied the allegations, calling the reports “seriously inconsistent with the facts and constitute false news.”
The company maintained that it “strictly complies with US and applicable laws and regulations and has never engaged in activities that pose risks to US national security.” Those statements were made in response to the Bloomberg News report last year.
A May 2024 federal review had already flagged concerns about a Bitmain-operated site near a US military base, noting “significant national security concerns.”
A Senate Intelligence Committee report from July also named Bitmain’s devices as presenting “several disturbing vulnerabilities” to the US.
The report stated those devices could potentially be manipulated from China. These findings added weight to Warren’s request for answers.
Trump Family Ties to Bitmain Draw Scrutiny
Among Bitmain’s notable clients is American Bitcoin Corp., a firm connected to the Trump family. Eric Trump and Donald Trump Jr. are both investors in American Bitcoin.
The company signed a contract to acquire 16,000 Bitmain rigs for $314 million last year. That deal drew attention given the ongoing federal interest in Bitmain.
A spokesman for American Bitcoin said the company had conducted extensive security tests on Bitmain’s devices. The tests found no vulnerabilities allowing remote access.
The spokesman stated the company believes that when Bitmain’s devices “are deployed within modern industrial security standards, they do not present a credible risk to the United States power grid or to national security.” American Bitcoin did not respond to the most recent requests for comment.
Warren’s letter asked Commerce to clarify what actions it has taken to prevent conflicts of interest. She specifically asked about steps taken to “insulate the Commerce Department’s national security decisions from the influence of firms that have business ties to the Trump family.”
Commerce holds authority to investigate foreign threats to information and communications technology. However, Democrats remain in the Senate minority and cannot compel a formal response.
Warren made her position clear, writing that “we must ensure that politically connected crypto interests do not receive special treatment and undermine our national security.” The Commerce Department had not responded to comment requests at the time of publication.
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Il Doppio Ruolo del Pakistan nella Crisi di Hormuz e nel Corridoio CPEC
TLDR:
Il Pakistan ha consegnato a Washington il piano di pace in 15 punti all'Iran lo stesso giorno in cui le navi da guerra cinesi sono approdate a Karachi.
Il Porto di Gwadar, gestito dalla Cina con un contratto di locazione di 40 anni, si trova a 400 km da Hormuz e bypassa completamente lo stretto bloccato.
Il traffico di Hormuz è crollato di oltre il 90%, con l'Iran che riscuote pedaggi in yuan e redige leggi per renderli permanenti.
Il Pakistan deve alla Cina oltre 30 miliardi di dollari e ottiene l'81% delle sue armi da Pechino, mantenendo allo stesso tempo lo status di alleato degli Stati Uniti.
Il Pakistan si trova al centro di un crescente enigma geopolitico mentre la crisi dello Stretto di Hormuz si approfondisce. Il paese sta attivamente mediando tra gli Stati Uniti e l'Iran, ospitando al contempo il bypass marittimo più strategico della Cina.
HSBC Joins Canton Network Validator Set, Potentially Bringing 40M Clients to Blockchain Rails
TLDR:
HSBC joins Canton Network’s validator set, planning to prototype regulated financial market use cases under its Digital Assets initiatives.
Validators on Canton Network will no longer earn liveness rewards after April 30th, making durable transaction volume the only profitable path.
HSBC’s entry brings $3T in assets and 40M customers to Canton Network, giving the blockchain rare institutional-grade transaction flow.
Analyst Heslin Kim noted Canton’s compliance-ready model is pulling institutional flows away from general-purpose EVM and SVM blockchains.
HSBC has joined the Canton Network validator set, marking a concrete step toward institutional blockchain adoption at scale.
The development could quietly expose more than 40 million customers across 62 countries to distributed ledger infrastructure.
With trillions in annual cross-border flows and over $3 trillion in assets, HSBC carries the operational weight to drive real transaction volume on the network. This move builds on the bank’s existing digital asset strategy.
HSBC Deepens Blockchain Commitment Through Canton Network Integration
HSBC has been building toward this position for some time now. The bank launched the HSBC Orion tokenized asset platform and expanded tokenized settlement across both bonds and private assets. Those steps laid the groundwork for broader blockchain participation.
Crypto analyst Heslin Kim observed the development on X, drawing attention to the validator reward change. Kim noted that validators will no longer earn liveness rewards after April 30th.
According to Kim, durable transaction volume becomes the only profitable path for any Canton validator going forward.
HSBC JOINS CANTON NETWORK VALIDATOR SET
40M clients might start using the world’s largest banking and institutional blockchain rails without ever noticing.@HSBC is deepening its roots in the blockchain industry, from launching the HSBC Orion tokenized asset platform and… pic.twitter.com/SGCjutD4HK
— Heslin Kim (@HeslinKim) March 28, 2026
The Canton Network validator proposal takes HSBC’s commitment a step further. The bank plans to run an HSBC-managed validator node on the Canton Network testnet. HSBC intends to contribute to network resilience and deliver operational feedback throughout the process.
Beyond technical participation, the proposal includes plans to prototype regulated financial market use cases. These prototypes will fall under HSBC’s existing Digital Assets initiatives.
Internal developers will also be onboarded, and potential partner projects will be evaluated across the Canton ecosystem.
Institutional Scale and Validator Economics Position HSBC as a Key Network Actor
John O’Neill, Group Head of Digital Assets & Currencies at HSBC, addressed the strategic rationale directly. He stated that driving liquidity in digital asset markets requires ecosystems with strong connectivity and market access. That statement reflects the bank’s broader outlook on digital infrastructure investment.
HSBC’s financial profile makes its validator entry particularly meaningful under the new reward structure. The bank holds a market capitalization above $300 billion and recorded roughly $71 billion in annual revenue for FY 2025. Its balance sheet carries over $3 trillion in total assets.
With over 40 million customers across 62 countries, HSBC can generate consistent and real-world transaction flow on the network.
That scale positions the bank as one of the more consequential validators in the Canton ecosystem. Few institutions globally carry that kind of operational reach.
Kim’s post also noted that Canton’s compliance-ready model is drawing institutional flows away from general-purpose blockchains.
The post added that purpose-built solutions are meeting institutional demand where EVM and SVM networks have fallen short. Kim referenced the Zenith Foundation as a connected participant in this broader shift.
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Il Ritorno di Ethereum Guadagna Slancio mentre l'Attività e i Flussi di Stablecoin Tornano a L1
TLDR:
L'attività di Ethereum e i saldi delle stablecoin stanno tornando dai network Layer 2 al layer di base
L'offerta di stablecoin e gli asset tokenizzati su Ethereum si avvicinano ai livelli massimi storici precedenti
La densità di esecuzione e la composabilità di Ethereum continuano ad attrarre transazioni on-chain di alto valore
ETH ha sovraperformato i principali token Layer 2 da ottobre 2025, segnalando una rinnovata forza del mercato
Le narrazioni di ritorno di Ethereum stanno guadagnando slancio mentre nuovi dati indicano un'attività rinnovata sulla rete. Le intuizioni condivise da Coinbase Institutional indicano un cambiamento misurabile nel comportamento degli utenti e nei flussi di capitale.
Massacro di Mercato: Criptovalute e Azioni in Caduta mentre il Petrolio Supera la Soglia di $100
Punti Salienti
Il Bitcoin è crollato da $75.000 a $66.000 durante la settimana; l'Ethereum ha superato il supporto critico di $2.000
I principali benchmark azionari statunitensi sono tutti scivolati in modalità correzione, con l'S&P 500 che ha registrato il suo calo più lungo dal 2022
I prezzi del petrolio greggio sono saliti sopra i $100 al barile amid crescente tensioni in Medio Oriente, scatenando un'ampia avversione al rischio
Coinbase ha introdotto prestiti per la casa garantiti da criptovalute, mentre Tether ha ingaggiato KPMG per una revisione finanziaria completa
David Sacks ha lasciato la sua posizione di Crypto Czar della Casa Bianca dopo un mandato di 12 mesi
Iran Threatens Undersea Internet Cables in Hormuz and Red Sea Corridors
TLDR:
Iran’s IRGC warned on March 28 that critical undersea cable infrastructure in Hormuz will not be spared from attack.
Cables like FALCON, AAE-1, and 2Africa Pearls carry nearly all global internet traffic through contested waterways.
Google and Meta activated contingency rerouting plans after the threat, raising costs across cable insurance markets.
Starlink’s 9,500-satellite LEO network is gaining traction on rerouted tankers, with SpaceX eyeing a $1.75T IPO valuation.
Undersea internet cables connecting Asia, Europe, the Middle East, and Africa face serious threats. Iran’s Islamic Revolutionary Guard Corps issued a stark warning on March 28.
The statement said critical infrastructure in the Hormuz and Red Sea corridors would not be spared. The cables at risk carry nearly all global internet traffic.
No cable has been cut yet, but Google and Meta have already activated contingency rerouting plans in response.
Cable Networks at the Center of the Standoff
The cables at risk include FALCON, Gulf Bridge International, Europe India Gateway, SEA-ME-WE 6, AAE-1, and FLAG. These run through the Hormuz corridor.
In the Red Sea, EIG, AAE-1, Seacom, SMW-4, SMW-5, SMW-6, IMEWE, and 2Africa Pearls are also exposed. Together, they form the backbone of global digital commerce.
Analyst Shanaka Anslem Perera noted the full scope of what flows through these cables. “Your bank transfers. Your stock trades. Your cloud computing,” he wrote.
JUST IN: Iran just threatened to cut the undersea internet cables running through the Strait of Hormuz and the Red Sea.
Ninety-five to ninety-seven percent of global internet traffic does not travel by satellite. It travels through physical glass fibres buried one to two metres… pic.twitter.com/2KnbSLKzsv
— Shanaka Anslem Perera (@shanaka86) March 28, 2026
The data connects every financial market on earth to every other. Past events show how quickly disruptions can escalate.
In 2008, eight cables were severed off the Egyptian coast. Between 70 and 80 percent of Middle East-to-Europe traffic went dark after that.
Repairs stretched from three to eight weeks. In 2024, Houthi-related anchor drag damaged four cables in the Red Sea, with repairs lasting months.
Both past incidents were likely accidental. A deliberate, state-sponsored cut has never been carried out. Iran’s own connectivity runs through these same cables.
Any confirmed attack would also trigger immediate naval retaliation from the US, UK, and French fleets already in the region.
Satellite Connectivity Gains Ground as Threat Persists
The threat alone is creating real friction in global financial systems. Cable operators are rerouting traffic, and that process carries real costs. Insurance pricing on submarine cable infrastructure is also shifting.
Institutions relying on sub-40-millisecond latency between Asian and European markets are now running new contingency scenarios.
Starlink’s low-earth orbit constellation of over 9,500 satellites is emerging as a direct alternative. The service delivers broadband through phased-array terminals that electronically steer beams to counter jamming.
Iran has used GPS spoofing and radio-frequency noise against Starlink since January. Packet loss spiked to between 30 and 80 percent during those episodes.
Starlink responded with firmware updates and beamforming adjustments. Packet loss then dropped back to workable levels.
Starlink maritime terminals are already active on tankers rerouting around the Hormuz corridor. Speeds range from 100 to 220 megabits per second at low latency.
SpaceX is reportedly preparing an IPO prospectus this week, per Bloomberg, Reuters, and The Information. The target valuation sits between $1.5 and $1.75 trillion.
The filing arrives at a moment when its service directly addresses a gap exposed by geopolitical tension. The Strait of Hormuz carries oil, gas, helium, and a large share of global internet traffic. Markets have not yet fully priced this convergence.
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Morgan Stanley (MS) Lancia un ETF Bitcoin Ultra-Basso dello 0,14% per Sfida ai Leader di Mercato
Punti Salienti
L'ETF Bitcoin a pronti proposto da Morgan Stanley (MSBT) presenta una commissione di gestione dello 0,14%, stabilendo un nuovo basso benchmark per i fondi Bitcoin quotati negli Stati Uniti
I prezzi superano strategicamente il Bitcoin Mini Trust di Grayscale (0,15%) e sottocostano significativamente il Bitcoin Trust di BlackRock (0,25%)
La vasta rete di Morgan Stanley di circa 16.000 consulenti finanziari sovrintende a $6,2 trilioni, creando capacità di distribuzione sostanziali per MSBT
L'approvazione normativa segnerebbe una pietra miliare storica, rendendo Morgan Stanley la prima banca tradizionale di Wall Street a offrire un ETF Bitcoin a pronti
Ethereum (ETH) Plunges Under $2,000 Mark Amid Massive $392M ETF Exodus
Key Takeaways
ETH breached the $2,000 threshold with a 5% decline over 24 hours and 6% weekly loss
Institutional ETH ETFs experienced a sustained outflow streak spanning seven days, totaling $392 million
Market demand for Ethereum reached its weakest point in 16 months
Critical support zones identified at $1,911 and $1,750 by technical analysts
Centralized exchange reserves dropped from 22 million ETH in 2023 to approximately 15 million ETH currently
Ethereum pierced the psychological $2,000 barrier on Friday, March 27, 2026. The breakdown resulted in more than $111 million worth of leveraged long positions being liquidated within 24 hours, based on data compiled by Coinglass.
Ethereum (ETH) Price
The decline compounded ETH’s weekly losses to 6%, driving monthly performance into negative range.
Geopolitical tensions contributed to the market downturn. Iran’s Islamic Revolutionary Guards Corps delivered warnings to personnel at industrial facilities across Israel and Gulf nations regarding an impending retaliatory operation. These developments followed coordinated US and Israeli strikes targeting Iranian industrial infrastructure, amplifying risk-off sentiment across financial markets.
Institutional appetite for Ethereum has evaporated rapidly. Spot Ethereum ETFs witnessed an unbroken seven-day stretch of net withdrawals, accumulating approximately $392 million in outflows. The institutional capital that previously supported price appreciation has vanished.
Market analyst Ted Pillows shared on X that ETH ETF redemptions hit $92.5 million in one trading session alone, with BlackRock accounting for $43.2 million in Ethereum sales.
$ETH ETF outflow of $92,500,000 yesterday.
BlackRock sold $43,200,000 in Ethereum. pic.twitter.com/TO1s9byxEq
— Ted (@TedPillows) March 27, 2026
Retail participation has similarly weakened. The Coinbase Premium Index descended deeper into negative territory, indicating American traders are either liquidating positions or remaining inactive.
Research from Capriole Investments reveals that observable demand for ETH has remained negative throughout March, plummeting to its lowest reading in 16 months.
Chart Analysis Suggests Further Downside
On the daily timeframe, ETH is positioned beneath its 20-day exponential moving average. The 50-day and 100-day EMAs remain elevated at $2,180 and $2,430 respectively, confirming the prevailing trend is corrective.
ETH Daily Technical Outlook:$ETH closed bearish as it’s simply mirroring Bitcoin's overall sentiment. We should see further downward pressure, although a short-term bullish pullback and then a bearish move will result in a short opportunity pic.twitter.com/cpajMsx1rs
— CRYPTOWZRD (@cryptoWZRD_) March 28, 2026
Market analyst CryptoWZRD observed that closing below $2,200 earlier this week served as an initial alert before “additional declines.” With both $2,100 and $2,000 levels now compromised, attention shifts to the $1,750–$1,850 zone.
Analyst CyrilXBT published a chart illustrating ETH trading significantly below its 200-day EMA near $2,766. He cautioned that a breakdown beneath the $1,750 floor could drive ETH toward the $1,400–$1,500 region.
ETH – $2,064
Similar story to BTC but weaker.
– Crashed from $4,000+ to $1,750 lows – massive downtrend since October. – EMA 200 is way overhead at $2,766, acting as a ceiling. – The pink box around $2,200–$2,400 was a supply zone – price got rejected there and is now fading… pic.twitter.com/wv4UKq0DaR
— CyrilXBT (@cyrilXBT) March 27, 2026
On-Chain Metrics Present Mixed Signals
One divergent indicator involves exchange holdings. CryptoQuant data highlighted by analyst James Easton shows Ethereum balances on centralized exchanges have contracted from over 22 million in 2023 to roughly 15 million ETH. Easton characterized large holders as “stacking and staking.”
Nevertheless, declining exchange balances independently do not guarantee price reversal. The metric demonstrates coins exiting platforms but fails to validate actual accumulation behavior.
Regarding institutional accumulation, BitMine Immersion wallets acquired 117,111 ETH across a three-day window, according to Lookonchain. The entity had previously disclosed a separate purchase of 65,341 ETH.
ETH open interest climbed to 14.72 million ETH, despite funding rates shifting negative.
The nearest support level rests at $1,911, with secondary support at $1,741. A decisive move below $1,741 would validate continuation of the existing bearish trajectory.
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Coinbase Crypto-Backed Down Payments Push Digital Assets Into U.S. Housing
TLDR:
Coinbase now lets buyers use BTC or USDC as down payment collateral without selling crypto holdings first.
Better services the crypto loan separately while the main mortgage stays within standard Fannie Mae rules.
No margin calls apply if borrowers stay current, even during sharp Bitcoin price declines.
Rising home costs make crypto-backed liquidity a new route for buyers locked out by cash requirements.
Coinbase is moving deeper into consumer finance with a new product that lets U.S. homebuyers use crypto as down payment collateral.
The company has partnered with Better Home & Finance to offer separate loans backed by Bitcoin or USDC held in Coinbase accounts. The structure allows buyers to keep their digital assets while securing funds for one of the costliest parts of a home purchase.
The rollout marks one of the clearest attempts yet to connect crypto wealth with the traditional mortgage market.
Coinbase Crypto-Backed Down Payments Enter Housing Finance
A buyer can now borrow against Bitcoin or USDC for a home down payment instead of liquidating holdings. Better will originate and service the loan, while the main mortgage remains separate.
The mortgage itself still follows the standard Fannie Mae-backed structure described in the Reuters report. That means the crypto-backed portion sits alongside, rather than inside, the primary home loan.
According to Reuters, the arrangement aims to preserve crypto exposure for buyers who expect long-term upside. It also allows them to delay taxable sale events tied to liquidating digital assets.
Coinbase said the product keeps the same legal protections as a conventional mortgage process. The company also noted that the mortgage rate itself does not change once the loan becomes active.
Reuters further reported that pledged crypto price swings will not trigger margin calls. As long as borrowers continue payments, falling Bitcoin prices alone will not force liquidation.
Crypto Utility Expands as Homeownership Costs Rise
The launch lands as homeownership remains difficult for first-time buyers. Reuters cited National Association of Realtors data showing the median first-time buyer age has climbed to 40 from 32 in 2000.
Higher rates, limited inventory, and elevated home prices have tightened access across the U.S. housing market. This backdrop gives crypto-rich buyers another way to unlock liquidity without leaving the market.
Coinbase framed the product as a practical use case for digital assets beyond trading and custody. Reuters noted the company sees it as a way to widen access for users whose wealth sits in crypto rather than bank accounts.
The policy backdrop also matters. Reuters linked the move to a more crypto-friendly U.S. regulatory environment that has recently lowered barriers around mainstream financial products.
The report also tied that shift to broader Washington efforts to expand alternative investments, including crypto, into retirement products. That easing has helped firms explore new bridges between digital assets and legacy finance.
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I miner di Bitcoin (BTC) perdono 19K $ per moneta, si spostano fortemente verso l'infrastruttura IA
Punti chiave
L'estrazione di un singolo Bitcoin è costata circa 80.000 $ durante il Q4 2025, creando una perdita di circa 19.000 $ per moneta con BTC che scambiava vicino a 70.000 $
Le aziende minerarie pubbliche hanno assicurato più di 70 miliardi di dollari in affari di intelligenza artificiale e calcolo ad alte prestazioni
Le entrate dell'IA potrebbero costituire fino al 70% del reddito dei miner entro la fine del 2026, rispetto al 30% attuale
Le aziende minerarie stanno liquidando le proprie partecipazioni in Bitcoin e accumulando miliardi di debito per finanziare il loro passaggio all'infrastruttura IA
Il hashrate della rete è diminuito da 1.160 EH/s a circa 920 EH/s mentre le operazioni venivano chiuse
Bitcoin (BTC) Crolla del 4% mentre le paure geopolitiche e la massiccia scadenza delle opzioni scuotono i mercati
Punti Chiave
L'analista esperto Peter Brandt ha identificato un modello a cuneo rialzista che suggerisce potenziali cali verso $60,000 o addirittura fino a $49,000.
BTC ha subito un calo del 4%+ il 27 marzo, stabilendosi nella fascia $65,720–$66,030.
Il regolamento delle opzioni di Deribit da $14,16 miliardi ha eliminato il 40% dei contratti in essere e ha scatenato oltre $115 milioni in liquidazioni lunghe con leva.
Le crescenti tensioni in Medio Oriente tra gli Stati Uniti, Israele e Iran stanno spingendo i flussi di capitale verso il dollaro e lontano dagli asset a rischio, incluso Bitcoin.
Il CEO di Ripple dichiara che le stablecoin sono la svolta di ChatGPT per le criptovalute
Punti chiave
Brad Garlinghouse, CEO di Ripple, ha descritto le stablecoin come la creazione di un “momento ChatGPT” per l'integrazione delle criptovalute aziendali
I volumi delle transazioni per le stablecoin hanno superato i 33 trilioni di dollari nel 2025, con Tether e Circle che dominano il mercato
Gli analisti del settore di Bloomberg prevedono che i flussi di transazione delle stablecoin aumenteranno a 56,6 trilioni di dollari entro la fine del decennio
RLUSD, la stablecoin proprietaria di Ripple introdotta a dicembre 2024, attualmente ha una valutazione di 1,4 miliardi di dollari
Il proposto CLARITY Act potrebbe accelerare l'accettazione mainstream delle stablecoin e della tecnologia dei registri distribuiti, secondo Garlinghouse
Bitcoin, ETH, Nasdaq Selloff Aligns With $38K BTC Setup
TLDR:
BTC lost 67K support and confirmed a bear flag continuation with $49K as the first clean downside target.
Stablecoin dominance breakout above 75.67 could strengthen the path toward the projected $38K BTC zone.
ETH dropped 9.32% in two days as downside technical structure opened a potential move toward $1,000.
Nasdaq, VIX, DXY, and crypto all flashed aligned breakdown signals across correlated risk markets.
Bitcoin slipped below the closely watched $67,000 pivot low before rebounding from $65,618, reviving a bearish chart structure that now points to deeper downside.
The move coincided with renewed weakness across Ethereum, altcoins, and major equity futures, tightening correlations between crypto and traditional risk assets.
Stablecoin dominance and volatility indicators also strengthened, reinforcing defensive positioning across the market. The latest technical breakdown now places $49,000 and $38,555 as the next major Bitcoin price levels in focus.
Bitcoin Price Bear Flag Breakdown Revives $38K Target
The latest market update shared by Aaron Dishner, known online as MooninPapa, outlined a clean bear flag continuation after BTC lost the 67K pivot.
According to the posted chart levels, Bitcoin’s first downside objective now sits at $49,000. The larger measured move extends to $38,555.
BTC took out the 67K pivot low and bounced at $65,618 – exactly what a bear flag continuation looks like. The damage is done. Expect a weekend bounce back up to test broken support around 67K as resistance, then lower. First clean target is 49K.
The main target, using the same… pic.twitter.com/aYESedOOlF
— Aaron Dishner (@MooninPapa) March 28, 2026
The move mirrors the same 38.73% decline structure tracked from the March 17 local high. Momentum indicators continue to align with that bearish setup.
Relative strength index data printed a lower local low, which kept downside momentum intact rather than signaling reversal conditions.
On-balance volume also crossed below its moving average, adding another layer of confirmation to the BTC price weakness.
Ethereum tracked the broader decline and fell 9.32% over the past two days, based on the same market breakdown. The reported structure now places $1,000 as a possible support zone.
Stablecoin dominance, combining USDT.D and USDC.D, broke above its bull flag formation in the same dataset. The February 24 high at 75.67 now acts as a critical trigger level.
If stablecoin dominance clears that level, the signal historically aligns with deeper crypto capitulation, placing the $38,000 Bitcoin zone in focus.
Crypto Market Selloff Spreads to Altcoins, Stocks, and Commodities
The broader crypto market structure also weakened as TOTALES, TOTALE50, and TOTALE100 all broke key support zones.
Those indices failed to produce any TBO reset, while RSI continued making lower lows across the tracked timeframes.
Among large-cap altcoins, XRP showed weakness near TBO support, with the referenced fair value gap beginning near $0.50.
Solana also rejected from a bear flag pattern, keeping the $30 target active in the shared technical map.
Several tokens, including AAVE, NEAR, VET, ETHFi, TWT, and EIGEN, printed TBO breakdown clusters in the same update.
Outside crypto, the U.S. dollar index broke short-term resistance in a bull flag structure on Friday, extending pressure on risk markets.
That move pushed USDJPY to 160.247, its highest level in two years, according to the provided macro data.
The VIX closed at 31.04, above Monday’s high, while S&P futures and Nasdaq both printed fresh TBO breakdowns.
Gold and silver diverged from the broader weakness, with both metals holding support after confirmed RSI resets in the same market snapshot.
The post Bitcoin, ETH, Nasdaq Selloff Aligns With $38K BTC Setup appeared first on Blockonomi.
Gold Futures Volume on Binance Hits $17B as Price Retreats 17% From Peak
TLDR:
Gold dropped over 17% from its all-time high above $5,300 reached at the end of January 2025.
Binance recorded $6.6B in single-day gold futures trading volume as prices neared $4,400 on March 23.
Weekly gold futures volume on Binance surpassed $17B, setting a record since its January launch date.
Binance has logged over $72B in total gold futures volume in just three months since the product launched.
Gold has recorded a drawdown of over 17% from its all-time high above $5,300, reached in late January. This correction unfolded against a backdrop of intensifying geopolitical tensions and renewed inflation concerns.
Despite the sharp pullback, Binance reported record weekly gold futures trading volume of $17 billion. The decline triggered widespread margin calls and forced liquidations across leveraged positions.
Trading activity during this period reflects growing demand for tokenized gold exposure within the crypto ecosystem.
Gold’s Sharp Pullback Reflects Months of Leveraged Positioning
Since 2024, gold had delivered a return of roughly 160%, drawing large amounts of capital into the market. That sustained performance attracted both institutional and retail investors seeking a macro hedge.
As the rally extended, many traders built leveraged positions to maximize their exposure to the move.
When the price began to decline, those leveraged positions came under immediate pressure. Margin calls followed, forcing a wave of liquidations across the market. This type of cascading sell-off is a common outcome after extended, leverage-heavy rallies.
Beyond forced liquidations, a number of investors chose to exit positions voluntarily. Some moved to lock in gains accumulated during the long bull run.
Others reportedly used the proceeds to cover losses in equity or currency markets facing simultaneous pressure.
The price approached $4,400 on March 23, marking one of the sharpest moments in the drawdown. That level drew close attention from traders monitoring the correction. The pullback followed a period of outsized gains that had made the market susceptible to a reversal.
Binance Records All-Time High Gold Futures Volume During the Correction
As crypto analyst @Darkfost_Coc reported, Binance trading volumes surged to over $6.6 billion in a single day. This occurred as gold approached $4,400 on March 23.
Gold falls 17% while Binance records $17B weekly futures Volume
In a context of intensifying geopolitical tensions and renewed concerns about inflation, gold has nonetheless recorded a drawdown of more than 17% (daily close) from its all time high above $5,300, reached at the… pic.twitter.com/mf4uCDLHtI
— Darkfost (@Darkfost_Coc) March 27, 2026
The seven-day cumulative volume also crossed $17 billion over the same period. Both figures represent records since Binance launched its gold futures product in January.
Looking at the broader picture, Binance recorded over $72 billion in total gold futures volume across just three months.
That total reflects the level of engagement from crypto-native traders with gold as a tradable asset class. The pace of activity points to real and sustained demand for tokenized commodity exposure.
Binance introduced its gold futures to extend access to an asset class that crypto traders previously had limited reach to. The product addressed demand from investors who had primarily operated within the crypto ecosystem.
Gold, as a well-established macro asset, provided a familiar anchor for those navigating uncertain market conditions.
The record volumes recorded during the decline show that traders remained active even as prices fell. Engagement on the platform stayed high throughout the correction.
The data confirms that Binance has successfully addressed a gap in access to gold for the crypto-native investor base.
The post Gold Futures Volume on Binance Hits $17B as Price Retreats 17% From Peak appeared first on Blockonomi.
Gli afflussi STH di Bitcoin scendono a 25.000 BTC mentre le vendite per panico si allentano
TLDR:
Gli afflussi STH di Bitcoin sono scesi al loro livello più basso registrato di 25.000 BTC.
Le vendite guidate dal panico da parte dei detentori a breve termine sono diminuite di quattro volte da febbraio.
Gli afflussi STH ridotti alleviano la pressione immediata di vendita sulle borse di Bitcoin.
Bitcoin è in una fase di consolidamento dopo essere sceso di oltre il 50% dal suo ATH.
Gli afflussi STH di Bitcoin sono scesi significativamente, indicando un comportamento più calmo tra i detentori a breve termine. Dopo che Bitcoin è sceso sotto i 60.000 $, le vendite per panico hanno spinto circa 100.000 BTC su Binance all'inizio di febbraio.
Alphabet (GOOG) Azioni: Google Sostiene il Massiccio Hub Dati AI da 5 miliardi di dollari in Texas
Punti Salienti
Google sta fornendo finanziamenti per la costruzione di un enorme centro dati in Texas attualmente in leasing ad Anthropic
Il progetto di Nexus Data Centers supera i 5 miliardi di dollari, con prestiti per la costruzione che si avvicinano al completamento entro poche settimane
Il vasto complesso di 2.800 acri fornirà inizialmente circa 500 megawatt entro il quarto trimestre del 2026, con piani per aumentare fino a circa 7,7 gigawatt
Turbine a gas indipendenti collegate a tubazioni locali alimenteranno le operazioni, riducendo al minimo la dipendenza dai servizi pubblici
La solida posizione finanziaria di Google è prevista attirare finanziamenti bancari a condizioni più favorevoli
AppLovin (APP) Azioni Scendono mentre Hedgeye Emette Chiamata Corta con Previsione di Declino del 30%
Punti Chiave
Venerdì, Hedgeye ha avviato una posizione corta su AppLovin (APP), prevedendo un movimento verso il basso del 30%.
Andrew Freedman di Hedgeye sostiene che MAX, la piattaforma di mediazione, rappresenta il vero vantaggio di APP—non la sua tecnologia AXON AI.
MAX domina oltre il 60% delle impressioni pubblicitarie nel gaming mobile a livello mondiale, fornendo dati critici che alimentano le capacità di AXON.
Nei mercati al di fuori del gaming dove MAX manca di controllo sulla mediazione, le prestazioni di AXON mostrano una variabilità significativa.
L'azienda caratterizza APP come un "monopolio infrastrutturale" che affronta crescenti minacce competitive mentre genera margini insostenibili.
Umbra Lancia Wallet Focalizzato sulla Privacy per Transazioni Confidenziali su Solana
Panoramica Rapida
Umbra introduce un wallet crittografato per transazioni confidenziali su Solana
La piattaforma supporta scambi privati e operazioni blockchain protette
La soluzione di privacy si rivolge agli utenti mainstream in cerca di finanza onchain crittografata
Il wallet incorpora funzionalità di conformità insieme a protezioni della privacy
Soluzione alimentata dall'infrastruttura di esecuzione sicura di Arcium
Umbra ha introdotto un wallet orientato alla privacy per Solana, ampliando la disponibilità di transazioni blockchain crittografate. Il lancio porta trasferimenti confidenziali, scambi privati e meccanismi di conformità integrati agli utenti. In questo modo, Umbra si stabilisce come una soluzione di privacy funzionale per operazioni blockchain regolari.