BTC drops below 68,000 USDT

Trump says Iran war is almost over, BTC needs to hold $70,000. What do technicals say?

U.S. President Trump stated on March 10th that the Iran war is "almost over," leading to a cooling of geopolitical risk sentiment and driving cryptocurrencies like BTC to reverse and break above $70,000. Market expectations for the end date of the war have significantly increased, and risk assets are generally rising. Reflecting on the airstrike on February 28th, the market had wiped out $12.8 billion, and most indicators remain neutral with a key resistance at $74,000. Noticing that oil prices have fallen below $100, which may further support risk assets. Today's U.S. CPI data will influence market sentiment.

Bitcoin faces short-term pressure approaching $70,000 ahead of US CPI data release

On March 11, Bitcoin price dropped over 2% due to market cautiousness. Economists expect US CPI data to be slightly higher than last month, although this data does not reflect the impact of rising oil prices, and Bitcoin's short-term response may remain stable. Tensions in the Middle East could lead to increased safe-haven demand. The market should pay attention to changes in key support and resistance levels to prepare for potential volatility.

Arthur Hayes warns: Bitcoin may dip below $60,000 in the short term, but still has the potential to reach $500,000 in the long term

Cryptocurrency industry executive Arthur Hayes warns that Bitcoin may experience a short-term pullback to $60,000, but remains optimistic about its long-term potential, expecting the price to reach $500,000 to $750,000 by the end of 2026. He emphasizes that geopolitical tensions and high interest rates will influence BTC's movement, and investors should be cautious in responding to short-term fluctuations.

Ethereum Price News: Network Activity Hits Record High, Why Is ETH Price Still Under Pressure?

Ethereum network activity hits a record high, but prices have not kept pace, with daily active addresses approaching 2 million. Capital flow has become the main driving force, with inflows to trading platforms surpassing Bitcoin. Although ETH accounts for 52% of stablecoin supply, the market remains focused on capital movement. It is expected that by 2026, ETH prices could rebound to $3,000.

Stablecoin Wave, "AI Proxy Finance" Assists! Bernstein Optimistic About Circle's Stock Price Soaring Another 60%

The stock price of stablecoin USDC issuer Circle has recently risen, and Bernstein reports predict it could increase another 60% in the future, with a target price of $190. The growing demand for stablecoins and the rise of AI-powered financial applications are the main driving factors. Circle's stock price has increased over 100% in the past few weeks and continues to expand its payment network, indicating that the application scope of stablecoins is expanding. Additionally, stablecoin trading volume has grown significantly, showing deeper integration with traditional finance.

Market fluctuations triggered by the Iran conflict, XRP outperforms gold, silver, and the S&P 500

Since the conflict between Israel and Iran, XRP has outperformed traditional safe-haven assets, rebounding to $1.40 with an increase of approximately 2.22%. In comparison, gold and silver have seen limited gains, while the S&P 500 index declined by 1.1%. XRP's resilience is attributed to the overall recovery of the crypto market, demonstrating the potential value of digital assets during times of risk.