This month, Bitcoin’s hashrate fell 6% after the United States and Israel assaulted Iran, highlighting Iran’s considerable crypto mining activity.
Bitcoin cost, on the other hand, stays uninspired. Greater 4% yields on United States Treasury bonds have actually included pressure, and financiers are looking for less dangerous potential customers amidst geopolitical stress.
Less cravings for crypto trading has actually shown bothersome for Robinhood. The trading platform’s stock is down 16% on the month, and management has actually revealed a stock buyback program.
Forecast markets marked a record variety of deals, representing a more than 2,800% boost considering that this time in 2015.
Here’s March by the numbers:
Bitcoin does not have momentum as 4% United States Treasury bond yields put pressure on cost
Yields on five-year United States Treasury bonds are up 4% in March, putting pressure on Bitcoin cost. While revealing some gains in mid March, the possession ended the month much where it began, around $67,000.
Based on an analysis from Cointelegraph, worries of a dragged out dispute in between the United States and Israel versus Iran have actually led financiers to eliminate threat. A sell-off in bonds, in addition to a nine-month high of 4% in yields, recommends that traders are constructing money positions.
Bitcoin hashrate falls almost 6% after United States and Israel attack Iran
On Feb. 28, the United States and Israel released a joint unique military operation in Iran called “Operation Legendary Fury.” One month later on, the Bitcoin (BTC) hashrate is down practically 6%.
Bloomberg crypto and digital properties strategist Dushyant Shahrawat stated in a current interview that Iran is among the world’s biggest Bitcoin miners, representing some 6-8% of international hashrate, and 70% of mining activities are performed by the armed force.
Interruptions to the nation’s energy facilities and diversion of military concerns to defense have actually therefore struck Iran’s capability to mine Bitcoin.
Forecast market deal leading 192 million
Deals on forecast markets like Polymarket and Kalshi topped 192 million in March. That represents a 24% boost from last month and a 2,880% boost compared to the very same time in 2015, according to Dune analytics.
Related: Legislators press another expense to suppress forecast market expert trading
Forecast markets are growing in appeal, however in the United States, they deal with state regulators who state they help with a type of gaming. A minimum of 11 states have actually taken legal action versus them.
On March 20, Carson City District Court Judge Jason Woodbury promoted a regulator’s transfer to momentarily prohibit forecast market Kalshi in Nevada.
Arizona has actually brought criminal charges versus Kalshi for apparently “running a prohibited gaming operation and taking bets on Arizona elections, both of which break Arizona law.”
Other states like Utah and Pennsylvania are presently thinking about legislation that would bring forecast markets under state gaming or video gaming laws. Kalshi states that it addresses just to federal policy under the Product Futures Exchange Commission (CFTC).
Euro-denominated stablecoins represent 85% of non-dollar volume
Stablecoins backed by the euro have actually become a preferred option to properties backed by United States dollars. Some 85% of non-dollar stablecoin volumes happen in euros, according to a March report from Dune.
While euro-denominated coins at first just represented some 50-70% of the non-dollar market, they started broadening considerably in 2024. Now they represent 85% of overall moved volume. Euro stablecoins are likewise dominant in regard to involvement, with user share increasing to over 78%.
Dune associates this boost to more self-confidence in stablecoins amongst organizations, thanks in big part to the marketplaces in Crypto-Assets regulative plan (MiCA).
Robinhood stock down 16% on month
Robinhood stock has actually reduced over 16% in March, from almost $80 to $66 since publishing time.
The stock and crypto trading business’s share cost has actually been having a hard time in current months. Over the last 6 months, it dropped over 50%. Unpredictability over the policy of brand-new verticals like forecast markets and social trading, in addition to a collapse in crypto trading earnings are producing structural challenges for the business.
Income from crypto deals supposedly dropped 38% year-over-year since Q4 2025. Crypto app volumes dropped 58%.
To deal with the issue, Robinhood has actually authorized a $1.5 billion share buyback program in March, which will carry out over the next 3 years.
Method’s Bitcoin holdings are 11% at a loss
In the middle of an uninspired cost action on the month, Method’s Bitcoin portfolio is at an 11% loss. The typical expense of Bitcoin in its portfolio is $75,669. Bitcoin is trading around $67,800 at publishing time.
Still, the business has actually continued its routine Bitcoin purchases. It made 2 this month: one for 17,994 Bitcoin on March 9 and another for 22,337 Bitcoin on March 16, totaling up to approximately $2.7 billion at publishing time.
The software application business has actually funded the majority of its Bitcoin purchases through high-yield stock offerings, like Stretch (STRC). This permits the business to purchase Bitcoin without diluting its MSTR typical shares.
The business’s chair, Bitcoin bull Michael Saylor, stated just recently that 80% of STRC purchasers are retail financiers. “Retail financiers choose low-volatility, high-yield digital credit,” he stated.
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