Bitcoin and the cryptocurrency market rebounded on Wednesday after the United Arab Emirates urged the United Nations to use force to reopen the Strait of Hormuz, easing concerns about a war with Iran. The market reacted positively to signs of de-escalation and the U.S. troop withdrawal plan, with the price of Bitcoin rising by more than 1%.

Federal Reserve Chair Jerome Powell spoke at Harvard University, emphasizing economic uncertainty and unclear policy direction, causing markets to hold off. Bitcoin has been trading sideways around $67,400, showing some resilience. Powell mentioned inflation and the state of the job market, suggesting that policy room is limited. Market expectations for future policy changes have been muted, and both traditional markets and crypto assets are waiting for key catalysts.

The global cryptocurrency market rebounded on March 30, 2026, with a market capitalization of approximately $2.4 trillion, as both Bitcoin and Ethereum saw gains, and market sentiment improved due to easing tensions in the Middle East. Despite the recovery in the spot market, the derivatives market remains volatile, and investors should pay attention to the potential pressures from high energy prices and interest rates.

Bitcoin’s recent price has been oscillating within a $65,000 to $75,000 range, influenced by geopolitical conflicts, the interest-rate environment, and institutional investors’ options strategies. Covered call option strategies limit upside breakout potential, resulting in reduced price volatility; the outlook going forward will depend on changes in capital allocation and the return of volatility.

By 2026, stablecoins in the cryptocurrency market will be more inclined towards the US dollar. Despite the EU launching the MiCA regulatory framework, the trading volume of euro stablecoins has decreased to about $100 million, lacking liquidity. In contrast, the monthly trading volume of dollar stablecoins remains at the trillion-dollar level, showing a clear advantage. In the future, euro stablecoins are expected to see some growth, but the dominance of the dollar in the market remains hard to shake.

On March 27, the crypto market continued to slide. Bitcoin fell below $70,000, and Ethereum and other major assets also generally pulled back. Rising geopolitical risks and higher oil prices weighed on the market. Funds flowed into traditional safe-haven assets, causing investor sentiment to turn cautious. Whether Bitcoin can rebound in the future will depend on changes in the macroeconomic environment.

As of March 25, the cryptocurrency market capitalization was approximately $2.4 trillion, with overall stagnation. The US-Iran conflict elevated risk-averse sentiment, with Bitcoin price maintaining around $70,644. Ireland and Europol seized 500 Bitcoin. Technical analysis shows Bitcoin may face short-term pullback, with Decred also under downward pressure, as the market exhibits volatile trading.

On March 24th, the cryptocurrency market rebounded as Bitcoin's price rose from $68,000 to $71,000, influenced by Trump's suspension of plans for strikes against Iran. Crude oil prices fell, easing inflation concerns, and the market's total size rebounded to $2.39 trillion. Bitcoin is currently around $70,500 but facing short-term resistance. Japan's Liberal Democratic Party is promoting an AI financial framework, while the Balancer ecosystem is entering an adjustment phase. FET price showed a slight increase, indicating the recovery of short-term buying interest.

The cryptocurrency market continues to decline, with total market capitalization falling to $2.32 trillion, as sellers dominate and market sentiment weakens. The escalation of Middle East tensions and macroeconomic pressures are also affecting the stock market. Bitcoin's price has broken through key support levels, facing further downside risks in the short term. If it fails to stabilize at key levels, the market may continue to move lower.

The cryptocurrency market has come under pressure recently, with total market capitalization retreating to 2.4 trillion dollars, while Bitcoin price hovers around 70,600 dollars. Market sentiment remains cautious, particularly with Worldcoin declining over 10%. In the short term, key support levels will influence market movements. If support breaks down or declines further to 2.32 trillion dollars, conversely, a strong rebound or recovery could occur if resistance is overcome.