This month, Bitcoin’s hashrate fell 6% after the US and Israel attacked Iran, highlighting Iran’s important crypto mining exercise.
Bitcoin worth, in the meantime, stays lackluster. Increased 4% yields on US Treasury bonds have added strain, and traders are in search of much less dangerous prospects amid geopolitical pressure.
Much less urge for food for crypto buying and selling has confirmed problematic for Robinhood. The buying and selling platform’s inventory is down 16% on the month, and management has introduced a inventory buyback program.
Prediction markets marked a document variety of transactions, representing a greater than 2,800% enhance since this time final yr.
Right here’s March by the numbers:
Bitcoin lacks momentum as 4% US Treasury bond yields put strain on worth
Yields on five-year US Treasury bonds are up 4% in March, placing strain on Bitcoin worth. Whereas displaying some positive factors in mid March, the asset ended the month a lot the place it began, round $67,000.
As per an evaluation from Cointelegraph, fears of a drawn-out battle between the US and Israel towards Iran have led investors to cut out risk. A sell-off in bonds, together with a nine-month excessive of 4% in yields, means that merchants are constructing money positions.
Bitcoin hashrate falls practically 6% after US and Israel assault Iran
On Feb. 28, america and Israel launched a joint particular navy operation in Iran known as “Operation Epic Fury.” One month later, the Bitcoin (BTC) hashrate is down nearly 6%.
Bloomberg crypto and digital property strategist Dushyant Shahrawat said in a current interview that Iran is among the world’s largest Bitcoin miners, accounting for some 6-8% of world hashrate, and 70% of mining actions are performed by the navy.
Disruptions to the nation’s power infrastructure and diversion of navy priorities to protection have thus hit Iran’s capacity to mine Bitcoin.
Prediction market transaction prime 192 million
Transactions on prediction markets like Polymarket and Kalshi topped 192 million in March. That represents a 24% enhance from final month and a 2,880% enhance in comparison with the identical time final yr, in response to Dune analytics.
Associated: Lawmakers push another bill to curb prediction market insider trading
Prediction markets are rising in reputation, however in america, they face state regulators who say they facilitate a form of gambling. At the least 11 states have taken authorized motion towards them.
On March 20, Carson Metropolis District Court docket Choose Jason Woodbury upheld a regulator’s transfer to quickly ban prediction market Kalshi in Nevada.
Arizona has introduced felony costs against Kalshi for allegedly “working an unlawful playing operation and taking bets on Arizona elections, each of which violate Arizona legislation.”
Different states like Utah and Pennsylvania are presently contemplating laws that might deliver prediction markets below state playing or gaming legal guidelines. Kalshi says that it answers only to federal regulation below the Commodity Futures Change Fee (CFTC).
Euro-denominated stablecoins account for 85% of non-dollar quantity
Stablecoins backed by the euro have emerged as a favourite various to property backed by US {dollars}. Some 85% of non-dollar stablecoin volumes happen in euros, in response to a March report from Dune.
Whereas euro-denominated cash initially solely represented some 50-70% of the non-dollar market, they started increasing considerably in 2024. Now they signify 85% of complete transferred quantity. Euro stablecoins are additionally dominant in regard to participation, with person share rising to over 78%.
Dune attributes this enhance to extra confidence in stablecoins amongst establishments, thanks largely to the Markets in Crypto-Belongings regulatory bundle (MiCA).
Robinhood inventory down 16% on month
Robinhood inventory has decreased over 16% in March, from practically $80 to $66 as of publishing time.
The inventory and crypto buying and selling firm’s share worth has been struggling in current months. During the last six months, it dropped over 50%. Uncertainty over the regulation of recent verticals like prediction markets and social buying and selling, together with a collapse in crypto buying and selling revenues are creating structural obstacles for the corporate.
Income from crypto transactions reportedly dropped 38% year-over-year as of This autumn 2025. Crypto app volumes dropped 58%.
To deal with the issue, Robinhood has approved a $1.5 billion share buyback program in March, which can execute over the following three years.
Technique’s Bitcoin holdings are 11% within the pink
Amid a lackluster worth motion on the month, Technique’s Bitcoin portfolio is at an 11% loss. The typical price of Bitcoin in its portfolio is $75,669. Bitcoin is buying and selling round $67,800 at publishing time.
Nonetheless, the corporate has continued its regular Bitcoin purchases. It made two this month: one for 17,994 Bitcoin on March 9 and one other for 22,337 Bitcoin on March 16, amounting to roughly $2.7 billion at publishing time.
The software program firm has financed most of its Bitcoin purchases by high-yield inventory choices, like Stretch (STRC). This permits the corporate to purchase Bitcoin with out diluting its MSTR frequent shares.
The corporate’s chair, Bitcoin bull Michael Saylor, said recently that 80% of STRC buyers are retail traders. “Retail traders choose low-volatility, high-yield digital credit score,” he stated.
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