Crypto Daily | 04/03/2026

1️⃣ Market Developments
• Bitcoin (BTC): After approaching $70,000 on 03/03, BTC reversed and dropped more than 4.5%, currently fluctuating between $66,000 and $68,000 due to increased selling pressure on risky assets.
• Ethereum (ETH): $1,969.80 (-3.1%), losing the psychological level of $2,000.
• Altcoins:
- Solana (SOL): slight correction
- XRP: declining in line with the overall trend
• ETF Flows: US-based spot Bitcoin ETF funds still show a net inflow of approximately $458.2 million → indicating institutional buy-the-dip activity persists despite volatility.
• Miner Activity: MARA Holdings changes strategy, allowing the sale of BTC from its balance sheet instead of only selling newly mined coins. This increases potential supply pressure on the market.
2️⃣ Hot News
• Iran – US – Israel Tensions: Escalating conflict with new airstrikes and Iran’s announcement to close the Strait of Hormuz. The “risk-off” sentiment has returned strongly, with investors withdrawing from risky assets.
• Traditional Markets:
- S&P 500 index weakens
- DXY rises 0.6% to 98.97
- Brent crude oil prices surge
• A stronger dollar exerts direct pressure on BTC.
• Iran Exchange Incident: Platforms like Nobitex and Wallex temporarily halt withdrawals or issue connection error warnings due to the conflict → triggering a wave of capital withdrawals.
• Monetary Policy: Some experts suggest that if the conflict prolongs, leading to increased US spending, long-term monetary easing could occur – a factor beneficial for Bitcoin in the next cycle.
• According to Bloomberg analysis, BTC may test the support zone of $63,000 if tensions do not ease. More negative scenarios place the bottom in the range of $30,000 – $45,000 before entering a new growth cycle.