Day: March 9, 2026

Bitcoin ETF Flows Rise As Gold Demand Cools: What’s Next for BTC?

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Bitcoin (BTC) exchange-traded fund (ETF) flows have turned net positive over the past 30 days, while gold ETF demand has started to slow down after nine straight months of inflows. The shift comes even as gold prices remain elevated and sentiment around Bitcoin continues to cool. With these contrasting trends in ETF flows and the historical pattern of Bitcoin-to-gold performance cycles, analysts are now examining data that may signal a gradual shift in investor demand between the two assets.  Are ETF flows beginning to rotate? According to the Kobeissi Letter,…

Bitcoin May Follow Oil With A Rally To $79K

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Key takeaways: Oil price spikes often precede 20% spikes in Bitcoin value, though initial market reactions remain volatile and unpredictable. Bitcoin currently mirrors tech stocks with an 81% Nasdaq 100 correlation, making it less sensitive to oil prices. Oil prices surged to $101 per barrel on Sunday, marking a 55% increase in ten days—the largest move in history. The event caused the S&P 500 to reach its lowest level in 10 weeks on Friday. Bitcoin (BTC) saw an initial positive reaction with prices jumping 16% between Feb. 28 and Wednesday,…

XRP Starts New Week With Bullish Confirmation, But This Level Is A Problem

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XRP has entered the new week with a technical setup that is beginning to tilt in favor of bulls, even though the price action is stuck inside a range. A bullish divergence has appeared on the daily chart, hinting that downside momentum may be fading and that a rebound could be close.  However, XRP’s price structure is fragile, and technical analysis has revealed a level that could either support a recovery attempt or lead to another round of selling pressure. Bullish Divergence Shows Selling Pressure Is Losing Strength The foundation…

Crypto-Backed PAC Spends $8.6M in Illinois Races ahead of US Midterms

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Fairshake, the political action committee backed by crypto companies Ripple Labs and Coinbase, among others, has reported additional spending on Illinois congressional races with the US midterm elections less than eight months away. In filings on Sunday with the Federal Election Commission, Fairshake reported a $16,000 media buy to oppose Illinois state representative La Shawn Ford in his run for the US Congress in 2026, adding to its roughly $1.8 million spent in 2026 on the race. The state is set to hold primary elections on March 17. The filing…

Nasdaq Partners with Boerse Stuttgart’s Seturion for tokenized Settlement

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Nasdaq said it is working with Boerse Stuttgart Group’s tokenized settlement platform Seturion to connect its European trading venues to infrastructure designed to settle tokenized securities using distributed ledger technology. According to Monday’s announcement, the collaboration will initially focus on structured products and aims to support faster settlement of tokenized assets across European capital markets. Seturion supports multiple asset classes across public and private distributed ledger networks and allows transactions to be settled using either central bank money or on-chain cash. Boerse Stuttgart said the platform is intended to be…

Aon Tests Stablecoin Payments for Insurance Premiums

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Aon, one of the world’s largest insurance brokers, is testing the use of stablecoins to pay insurance premiums, highlighting the growing role of digital dollars in traditional financial infrastructure following the passage of the GENIUS bill last year.  In a Monday announcement, UK-based Aon said it completed a pilot that settled insurance premiums for clients, including Coinbase and Paxos, using USDC (USDC) on Ethereum and PayPal USD (PYUSD) on Solana. Tim Fletcher, CEO of Aon’s financial services division, said the pilot reflects the company’s effort to explore stablecoins as a…

Bitcoin jumps toward $69K as oil plunges 30% amid US–Iran tensions

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Bitcoin surged nearly 5% on Monday, climbing toward $69,000 as investors assessed the escalating conflict between the United States and Iran, which triggered sharp volatility across global markets. Oil markets saw the most dramatic moves. Crude futures briefly surged as high as $119.48 shortly after midnight, marking their highest level since July 2022 and reflecting fears of supply disruptions tied to Middle East tensions. However, prices quickly reversed. By Monday afternoon oil had plunged as much as 31% from its overnight peak, dropping to around $81 before rebounding near $88…

Jito Foundation Acquires SolanaFloor After Step Finance Hack Shutdown

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The Jito Foundation has acquired SolanaFloor, a data and journalism platform covering the Solana ecosystem, and plans to relaunch the site after it shut down earlier this year following a security breach at its parent organization. The platform went offline in February after its parent company, Step Finance, wound down operations following a treasury wallet breach. Before shutting down, SolanaFloor provided ecosystem news, research and onchain analytics tracking projects and market activity across the Solana network. Under the deal, SolanaFloor will resume operations under the Jito Foundation and continue publishing…

Bitcoin Weathers Oil Supply Storm With a Push Toward $70,000

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Bitcoin managed to avoid losses suffered by global stock markets over oil supply uncertainty, with a 5% relief bounce from its weekly open level. Bitcoin (BTC) returned to $69,000 at Monday’s Wall Street open with markets in limbo over the Middle East oil crisis. Key points: Bitcoin sees a rebound after dropping below $68,000 for the weekly close. Oil woes continue as the G7 fails to agree on a timeline for the release of reserve oil supplies. Bitcoin derivatives traders stay level-headed on the mid-term outlook. Analysis: Trump wants to…

Bhutan moves $12M in Bitcoin as government transfers top $42M so far this year

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Bhutan transferred about 175 Bitcoin worth roughly $12 million on Monday, pushing the total value of government-related Bitcoin movements this year to more than $42 million, according to blockchain analytics platform Arkham. The transfer came from one of the country’s primary holding wallets as Bitcoin traded near $68,500. Arkham said Bhutan periodically moves Bitcoin in smaller clips of roughly $5 million to $10 million, with the most recent transfer following a similar move about a month ago when the government sold roughly $7 million worth of BTC through QCP Capital.…