The crypto market saw high volatility on March 4 as Bitcoin pushed past the <$68,000> mark. At the time of this update, BTC dipped 0.26% to trade at $68,160. Meanwhile, Ethereum fell 0.81% to $1,966.80. These swings come amid global tensions, but big players are staying bullish.
Crypto exchange Coinbase sent its team to the White House on March 4. Sources say CEO Brian Armstrong was involved, but it’s not clear if they met former President Trump directly. This visit highlights growing ties between crypto firms and U.S. policymakers at a key time.
Cathie Wood’s Ark Invest keeps buying crypto-related stocks despite market dips. On March 4, they scooped up 22,452 shares of Coinbase (COIN) worth $4.09 million across ARKK, ARKW, and ARKF ETFs. They also grabbed 158,587 shares of Robinhood (HOOD) for $12.06 million.
COIN and HOOD fell 1.55% and 3.44% that day due to geopolitical worries like US-Iran issues. But Ark sees long-term value. As of March 3, COIN is the 6th biggest holding in ARKK at 4.21% ($281 million), HOOD 7th at 4.07%, and Circle 8th at 4.05%. Ark has been stacking these since last year, buying on every drop.
Insight: This move shows smart money betting on crypto platforms as adoption grows, even in tough times.
U.S. CFTC Chairman Mike Selig urged quick passage of the CLARITY Act on X. He backs Trump’s push for clear digital asset rules. The CFTC stands ready to implement it during Trump’s term to keep America leading in crypto innovation. “Now is the time for action,” Selig said.
They also plan clearer rules for prediction markets and an upcoming ANPRM for better regs.
Trump blasted banks on Truth Social for threatening the STABLECOIN GENIUS Act. He says Congress must pass market structure bills fast so Americans can grow their money in crypto. Banks are raking in record profits and shouldn’t hold crypto back, or the U.S. will lose out to other countries. Time for banks and crypto to team up.
Indiana’s governor inked HB 1042, the Bitcoin Rights Bill. It protects BTC rights, bans unfair crypto taxes, and lets digital assets into state retirement plans. Effective July 1, 2026, this is a win for mainstream adoption.
Bitcoin miner Applied Digital (APLD) raised $2.15 billion in bonds. Funds go to Polaris Forge 2, an AI data center in North Dakota leased to Oracle. Expect $5 billion revenue over 15 years. Crypto mining meets AI boom.
Analysts at Mizuho Bank raised Circle (CRCL) price target from $90 to $100 (neutral rating). High oil from tensions means no rate cuts soon, great for USDC interest income. But more regs could spark competition and squeeze margins.
Binance Research says oil shocks follow two phases: hesitation (0-30 days, +2%) then scarcity (+44%). Strait of Hormuz flows dropped to 4M barrels/day from 16M. Gulf buffer lasts 25 days.
If oil hits $110+, CPI jumps, rates stay high, tech sells off. BTC’s 0.9+ tech correlation could break, sparking ‘digital gold’ narrative. Watch: Hormuz traffic, inventories, CPI March 11, Fed March 18, TIPS rates, BTC-IGV correlation, ETF flows.
Ethereum founder Vitalik Buterin says ETH aims for ‘refuge technology’ – open tools for life, work, and wealth under pressure. Not like Apple/Google. It fights surveillance with privacy and autonomy in a digital space.
Circle rolled out Nanopayments on testnet. Send tiny USDC (as low as $0.000001) with no gas fees. Perfect for AI agents and micro-transactions.
The Bank of Japan will test blockchain for settling central bank funds between banks. A step toward digital yen efficiency.
Volatility rules, but buys from Ark, pro-crypto regs from Trump/CFTC/Indiana, and innovations like Circle’s nanopay signal strength. Watch oil, CPI, and policy for BTC’s next move. Geopolitics could flip BTC to safe-haven status. Stay tuned for daily updates.
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The post Bitcoin Surges Past $68,000 in Volatile Crypto Market: Ark Invest Buys Dips, Trump Backs CLARITY Act, CFTC Gears Up appeared first on Blockmanity.
