This month, Bitcoin’s hashrate fell 6% after the US and Israel attacked Iran, highlighting Iran’s vital crypto mining exercise.
Bitcoin value, in the meantime, stays lackluster. Increased 4% yields on US Treasury bonds have added stress, and buyers are searching for much less dangerous prospects amid geopolitical rigidity.
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% improve since this time final yr.
Right here’s March by the numbers:
Bitcoin lacks momentum as 4% US Treasury bond yields put stress on value
Yields on five-year US Treasury bonds are up 4% in March, placing stress on Bitcoin value. 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 in opposition to Iran have led buyers to chop out danger. 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 almost 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 belongings strategist Dushyant Shahrawat stated in a current interview that Iran is without doubt one of the world’s largest Bitcoin miners, accounting for some 6-8% of world hashrate, and 70% of mining actions are carried out by the navy.
Disruptions to the nation’s vitality 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% improve from final month and a 2,880% improve in comparison with the identical time final yr, in line with Dune analytics.
Associated: Lawmakers push one other invoice to curb prediction market insider buying and selling
Prediction markets are rising in recognition, however in america, they face state regulators who say they facilitate a type of playing. A minimum of 11 states have taken authorized motion in opposition to them.
On March 20, Carson Metropolis District Courtroom Decide Jason Woodbury upheld a regulator’s transfer to briefly ban prediction market Kalshi in Nevada.
Arizona has introduced prison fees in opposition to 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 at the moment contemplating laws that may deliver prediction markets underneath state playing or gaming legal guidelines. Kalshi says that it solutions solely to federal regulation underneath 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 different to belongings backed by US {dollars}. Some 85% of non-dollar stablecoin volumes happen in euros, in line with 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 whole transferred quantity. Euro stablecoins are additionally dominant in regard to participation, with consumer share rising to over 78%.
Dune attributes this improve to extra confidence in stablecoins amongst establishments, thanks largely to the Markets in Crypto-Property regulatory package deal (MiCA).
Robinhood inventory down 16% on month
Robinhood inventory has decreased over 16% in March, from almost $80 to $66 as of publishing time.
The inventory and crypto buying and selling firm’s share value 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 accepted a $1.5 billion share buyback program in March, which is able to execute over the subsequent three years.
Technique’s Bitcoin holdings are 11% within the purple
Amid a lackluster value motion on the month, Technique’s Bitcoin portfolio is at an 11% loss. The common value 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 common 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, stated just lately that 80% of STRC patrons are retail buyers. “Retail buyers desire low-volatility, high-yield digital credit score,” he stated.
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