News

Jinse Finance reports that on March 29, following Bitcoin's all-time high of $127,000 in October 2025, the first quarter of 2026 began with turbulence, as Bitcoin fell to a bottom of $60,000 in less than five months. Although such drastic fluctuations are painful, the reality is not as bad as it seems: the market is undergoing a necessary adjustment to lay the foundation for an even stronger next cycle. When the macro environment, geopolitical tensions, and traditional markets weaken, the crypto market is often the first to bear the brunt of selling pressure. Currently, a combination of factors is putting immense pressure on the crypto market: rising counterparty risk, tightening global liquidity, weak technical trends, weakening ETF capital inflows, and increasing overall pressure on the credit and banking systems. However, such phases are not an abnormal phenomenon in the digital asset market; they are part of larger cycles—and for those willing to recognize the trends, they signal opportunities in the future.

The Washington State Attorney General has accused Kalshi of offering "gambling products" in its prediction market, violating state regulations. The previous week, Nevada had obtained a temporary injunction requiring Kalshi to stop offering sports, election, and entertainment-related products in the state, and imposed a preliminary injunction on a prediction market of an exchange.

On March 29th, the US-Iran conflict has continued for a full month. The upcoming week remains one filled with uncertainty and potential black swan events. Whether peace talks or conflict escalation, every small step will tug at the market's taut nerves. In addition to geopolitical conflicts, the Bank of Japan and the Federal Reserve will present their interest rate hike expectation roadmaps to the market. US non-farm payroll data will also significantly impact market liquidity expectations. Details are as follows: Monday 07:50, the Bank of Japan releases the Summary of Opinions from its March monetary policy meeting. Tuesday 04:00, New York Fed President Williams delivers a speech. Wednesday 00:00, Chicago Fed President Goolsbee delivers opening remarks at an event hosted by the bank. Wednesday 23:00, 2026 FOMC voting member and Dallas Fed President Logan delivers a speech. Thursday 20:30, US Initial Jobless Claims for the week ending March 28th, US February Trade Balance. Friday 20:30, US March Unemployment Rate, US March Nonfarm Payrolls (seasonally adjusted), US March Average Hourly Earnings (year-on-year), US March Average Hourly Earnings (month-on-month). Friday 21:45, US March S&P Global Services PMI Final. Finally, on April 3rd (Friday), the New York Stock Exchange (NYSE) and Nasdaq will be closed all day. Precious metals and US crude oil futures trading will be suspended all day. Stock index futures will end early. Forex and US Treasury futures will end early. Brent crude oil futures will be suspended all day.