NEW YORK, March 30, 2026, 14:07 (EDT)
Bitcoin hovered around $67,000 Monday, recovering some lost ground after dipping to nearly $65,000 over the weekend. The move followed comments from President Donald Trump, who said the U.S. was deep in talks to resolve the Iran conflict. By mid-afternoon in New York, Bitcoin was sitting at $66,767, marking a 0.7% gain for the day after hitting a session low of $65,033.
The rebound didn’t amount to much. Bitcoin wraps up March still under its March 17 peak above $76,000, squeezed as oil’s rally and a sharp shift in rate expectations have investors slashing exposure to crypto and tech stocks. “Oversold markets will grasp for any potential positive catalyst,” said Art Hogan, chief market strategist at B Riley Wealth. MarketWatch
Washington added some policy momentum of its own. The Labor Department rolled out proposed rules that, if finalized, would permit trustees to include alternative assets—cryptocurrencies among them—in 401(k) retirement plans, widely used by Americans. Still, there’s a 60-day window for public comment. Mayer Brown partner Erin Cho told Reuters the move “will not open the floodgates.” Reuters
Institutional sentiment has eased a bit for now. U.S.-listed spot bitcoin ETFs recorded roughly $296 million in net outflows during the week ending March 27, according to Farside data. The bulk of that was concentrated on March 27, when investors withdrew $225.5 million, and BlackRock’s IBIT represented a hefty $201.5 million of those redemptions.
That’s led to traders jumping on headlines rather than forming any real momentum, analysts noted. Nexo’s Iliya Kalchev called it a “wait-and-see” market. Block Scholes research analyst Thahbib Rahman echoed that, telling Decrypt bitcoin was “trading to geopolitical headlines.” Barron’s
Ether climbed roughly 2.4% to $2,039, topping bitcoin’s gain. Crypto stocks didn’t follow: Strategy dropped 1.7%, Coinbase slipped 0.5%. A separate report noted Strategy made no bitcoin purchases in the March 23-29 stretch—marking its first pause of 2026.
The recovery barely shows. Markets, according to Reuters, have wiped out bets on any Fed rate cuts this year. Oil shot past $100 a barrel. Decrypt reported over $400 million in crypto positions got liquidated after bitcoin tumbled to $65,112. Bitrue’s Andri Fauzan Adziima flagged a “quick liquidity sweep”—traders’ slang for a sudden plunge through sparse order books—targeting the $67,000-$68,000 range that’s drawing plenty of attention as a possible floor. Reuters
Bitcoin remains well below its October peak above $125,000. Despite a potential fresh pathway to tap U.S. retirement funds, the market faces stubborn inflation worries linked to war, a stronger dollar, and ETF inflows that haven’t bounced back yet.
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