• Zcash gained 9% to above $215 but faces resistance and could dump hard.
• The altcoin rose amid Bitcoin’s rebound to above $69,000 on Monday.
• Privacy coin narrative and venture funding have helped ignite ZEC’s uptick.

Zcash (ZEC) rose nearly 9% after bouncing from recent lows, placing the token among the top gainers among the 100 largest cryptocurrencies by market capitalisation.

The privacy-focused coin retested resistance above $215 as altcoins broadly posted modest gains over the past 24 hours.

Sentiment improved after Bitcoin climbed above $69,000, helping lift the wider market.

ZEC advanced alongside other privacy-oriented tokens, including Tornado Cash, Oasis Network, and Dash.

Monero (XMR) also recorded gains, with the token rising nearly 3% over the past 24 hours.

What could help Zcash price higher?

While the broader market rebound has supported Zcash (ZEC), other factors may also be contributing to the token’s recent bounce.

ZEC appears to be drawing momentum from a new report by the United States Department of the Treasury, which acknowledged that crypto privacy tools such as token mixers can serve legitimate purposes.

The report states that such tools may be used for “legitimate financial privacy purposes,” marking a shift in tone from previous official positions regarding mixers and other privacy-focused technologies.

“Lawful users of digital assets may leverage mixers to enable financial privacy when transacting through public blockchains,” the Treasury said in its report to Congress.

The token has also benefited from ecosystem developments.

The team behind a new Zcash-powered mobile wallet recently secured $25 million in a funding round backed by several venture capital firms active in the digital asset sector.

Zcash Open Development Lab (ZODL) has secured over $25 million in funding from a16z, Paradigm, Winklevoss Capital, Coinbase Ventures, Cypherpunk Technologies, Maelstrom (family office of Arthur Hayes), Chapter One, David Friedberg, Haseeb Qureshi, Mert, Balaji and others.

If you… https://t.co/yeTadbUCR5 pic.twitter.com/PyisPQLWVJ

— Josh Swihart (@jswihart) March 9, 2026

According to ZODL, the backing “signals strong investor confidence” in shielded ZEC transactions.

Players that participated in the funding include Paradigm, a16z crypto, Winklevoss Capital, and Coinbase Ventures.

Others were Cypherpunk Technologies and Arthur Hayes’ family office, Maelstrom.

Josh Swihart, the former CEO of Zcash developer Electric Coin Company (ECC), founded Zodl (formerly Zashi) in 2024.

Zcash price: breakout or dump below $175?

Zcash (ZEC) was among the standout performers in the privacy-focused segment of the crypto market in 2025.

The token rallied from lows near $50 in September to a peak of about $700 by mid-November.

However, the gains proved difficult to sustain as the broader market turned lower.

As Bitcoin declined and the wider crypto market followed, ZEC retraced sharply, slipping to below $220.

The token fell further to around $184 on February 5, 2026, during a broader market sell-off that coincided with the departure of core developers from Electric Coin Company (ECC).

Following the sharp downturn, ZEC is currently down about 58% on a year-to-date basis.

Zcash price chart by TradingView

The daily chart indicates that Zcash (ZEC) has rebounded from a key support level near $200.

If upward momentum strengthens, the token could test initial resistance in the $290–$300 range, with a potential move toward $400 if buying pressure persists.

The relative strength index (RSI) has turned higher around the 50 level, suggesting the possibility of continued bullish momentum.

However, the moving average convergence divergence (MACD) points to weakening upside strength, which could give sellers an opportunity to push the price back toward recent lows.

On the downside, ZEC could decline to levels last seen in October 2025 if bearish pressure intensifies.

A decisive close below $175 may open the door to further losses, with the next key support level around $120.

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• Solana changed hands for around $83 on the morning of March 9, 2026.
• The cryptocurrency could dip to under $75 if bearish sentiment holds.
• SOL price has floundered amid macro headwinds but could see another oversold bounce.

Solana (SOL) trades at around $83 in the early hours of Monday, March 9, 2026, up 1.3% in the past 24 hours.

The altcoin may be showing signs of bucking the trend across stocks as Bitcoin also pulls off the $66,000 low.

However, SOL is down by more than 5% in the past month and could revisit recent lows under $80 amid persistent negative funding rates and as the Iran war decimates risk sentiment.

Solana price: market conditions fuel caution

SOL has faced headwinds alongside Bitcoin and Ethereum since sliding from $250 in September 2025.

An acceleration in losses saw SOL drop to lows of $75 on February 5, 2026, and bulls have struggled to break above $90 since.

The broader macro and geopolitical headwinds have been key downward catalysts year-to-date, with these contributing significantly to the fading memecoin hype that has hit trading volumes hard.

While net inflows into Solana spot ETFs have largely defied the sharp redemptions that hit BTC and ETH products, institutional demand has slowed.

Cumulative SOL ETF assets sit at $958 million.

SoSoValue data shows two consecutive days of outflows last week, with over $8.2 million exiting on Mar 6.

That saw weekly flows cut to about $24 million from over $44 million the previous week.

Technical analysis

Standard Chartered recently cut its 2026 target for SOL to $250, but analysts at the bank forecast a bullish flip to $2,000 by 2030.

Buyers have the long-term forecast in their favour.

However, struggles below $100 suggest bulls have work to do in the short term if macro and geopolitical headwinds continue to batter sentiment.

SOL prices hover in a broader range between $75 and $94, but as broader crypto sentiment weighs on investors amid surging oil prices, the altcoin could flip lower.

Earlier on Monday, oil prices surged to near $120 a barrel amid concerns around the US- Iran war. Prices have since dropped to $100 after reports said the G7 will discuss to release emergency oil reserves.

The RSI and MACD indicators on the daily chart above highlight this possibility.

But could Solana bulls hold $80-$75 as a support zone intact as they eye a bullish reversal?

On-chain data shows funding rates extending in the negative and open interest down to $4.93 billion, down from $8.86 billion in mid-January.

Prolonged negative funding rates have nonetheless preceded an upside flip for the cryptocurrency.

This positions SOL for a likely short-term uptick, with $118-$120 the primary hurdle above the psychological level of $100.

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• Dogecoin holds key support at $0.088, signalling a potential rebound.
• Technical indicators show bullish patterns and rising trader interest.
• Unlimited supply limits long-term gains despite short-term recovery signs.

Dogecoin has taken a noticeable hit in recent days, with prices dipping amid global uncertainty triggered by the Iran war.

The popular memecoin, which once soared to unprecedented highs, now trades around $0.092, down slightly from its recent weekly levels.

While the price dip is noticeable, technical indicators suggest that the digital asset may be finding its footing, ready for a comeback.

Technical signals point to recovery

Several technical indicators suggest that Dogecoin may be preparing for a rebound.

To start with, $0.088 has turned into a key support zone after holding firm multiple times over the past month.

As a result, this level appears to have attracted buying interest, preventing further downward pressure.

A double bottom pattern has also formed on shorter timeframes, signalling a potential reversal.

In addition, the relative strength index (RSI) shows a bullish divergence, suggesting that selling momentum may be waning.

Open interest in DOGE futures has also spiked, indicating heightened market participation and renewed investor attention.

These signs collectively point to a possible relief rally in the short term, even as the broader market remains cautious.

But despite the rebound signals, Dogecoin price faces a major hurdle near $0.10, a level it needs to surpass to confirm any upward momentum.

Should DOGE clear this barrier, it may test the next key resistance zones, but any significant rally will still contend with structural challenges like its infinite supply and lack of much real-world use cases.

Balancing speculation and fundamentals

While technical patterns are encouraging, Dogecoin’s fundamentals present a more cautious picture.

Its unlimited token supply continues to dilute value over time, making dramatic long-term price increases unlikely without substantial adoption.

Unlike other cryptocurrencies that benefit from scarcity, DOGE relies heavily on community support and speculative trading.

Its all-time high (ATH) of $0.73 recorded in 2021 remains far off, emphasising the challenges the coin faces.

Despite this, short-term momentum is undeniable, especially seeing that social interest in the coin has picked up over the past few days, coinciding with relief rallies in the past.

For now, while structural limitations and the uncertain macro environment suggest that investors should temper expectations, DOGE seems to be stabilising, offering cautious optimism for those tracking the memecoin closely.

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• Kyber Network Crystal (KNC) has surged on a 900% volume spike.
• Recent Kyber product upgrades have improved market sentiment.
• Traders should closely watch the support at $0.148 support and the resistance at $0.175.

Kyber Network Crystal (KNC) has jumped by nearly 24% to trade around the $0.16 level at press time.

This move stands out in a market that has otherwise struggled for direction.

While many large-cap cryptocurrencies, including Bitcoin (BTC), posted losses, KNC moved higher with strong conviction, and the rally has drawn attention from traders who are now asking what is really driving the price higher.

Heavy trading activity fueling KNC’s price rally

One of the clearest drivers behind the surge is a dramatic increase in trading activity.

KNC’s 24-hour trading volume has exploded by more than 900%, pushing turnover to levels rarely seen in recent months.

Such a sharp rise in volume often signals aggressive short-term participation from traders looking to capitalise on momentum.

This also explains why the price moved largely independently of BTC, which has declined over the same period.

When volume expands this quickly, even modest buying pressure can translate into outsized price moves, and that appears to be exactly what happened with KNC.

Product updates add to positive sentiment

Although no single announcement directly triggered today’s price spike, Kyber Network has been quietly rolling out updates that have helped improve sentiment around the project.

Kyber Network recently highlighted expanded cross-chain functionality on its flagship product, KyberSwap.

As a result, users can now swap assets across 25 different blockchains using liquidity from eight providers in a single transaction.

This kind of convenience strengthens Kyber’s position in an increasingly competitive DeFi landscape.

The team has also introduced a new feature called Smart Exit on Kyber Earn.

Smart Exit allows liquidity providers to automate how and when they exit positions.

Instead of constantly monitoring charts, users can set predefined conditions for profit-taking, risk management, or time-based exits.

The feature is already live on Base and BNB Chain, with more networks expected to follow.

In parallel, Kyber has continued to form new ecosystem partnerships.

A recent integration with Vaultedge brought the USDVE asset onto KyberSwap, unlocking deeper liquidity and improved routing.

Another upcoming integration with Supernova is expected to further expand Kyber’s liquidity reach.

While these updates did not directly cause today’s spike, they help explain why traders are willing to speculate on upside.

Kyber Network Crystal price forecast

From a technical analysis standpoint, the KNC price has broken above its 30-day simple moving average near $0.148.

This level had acted as a cap for weeks, and clearing it helps reinforce bullish sentiment.

Moving ahead, the $0.148 zone has now become the most important support to watch in the near term.

Holding above this level would suggest that the recent breakout remains intact.

If buyers maintain control, KNC could attempt a push toward resistance around $0.175, and a clean break above that area may open the door to further upside.

On the downside, failure to hold $0.148, especially if trading volume contracts sharply, could trigger a quick pullback.

In that scenario, the next area of interest sits near $0.135, where buyers may look to step back in.

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• Morpho price jumped 15% to intraday highs of $1.83 to lead altcoin gainers.
• Morpho’s token has risen since touching lows of $1.02 on February 5, 2026.
• However, overbought RSI levels above 70 indicate a possible consolidation or pullback.

Morpho (MORPHO) price has surged 15% in the past 24 hours, reaching a high of $1.83.

The move sees the real-world assets-focused crypto platform solidify its latest bullish flip, with bulls extending control above a pivotal technical threshold.

MORPHO is trending higher despite broader market weakness.

Morpho’s price surges, up 64% year-to-date

Morpho’s token has risen since touching lows of $1.02 on February 5, 2026, during the recent sharp downturn in the cryptocurrency market.

While most altcoins have remained under pressure, Morpho has moved into a new upward trend.

The token has rebounded about 15% to around $1.83, translating into a weekly gain of roughly 22% and a year-to-date increase of about 64.

Much of this performance has been linked to growing demand for its vault products.

The latest rally follows earlier bullish signals driven by Morpho’s expanding presence in the real-world asset (RWA) ecosystem.

As Wall Street firms and other institutional investors increase their engagement with blockchain-based infrastructure, Morpho has emerged as a key platform in this segment.

Deposits on the lending network have risen sharply, supported by the growing adoption of on-chain payments, tokenized assets, and lending activity.

An extremely large set of RWAs is now on @Morpho‘s platform. https://t.co/Vmx0pjdsl2

— Paul Frambot (@PaulFrambot) February 24, 2026

Price momentum in recent weeks also comes as the token attracts attention, with Apollo Global pledging to acquire up to 90 million tokens over the next 48 months.

The latest bounce may also relate to Morpho Markets and vaults going live on Celo.

Intraday volumes have increased sharply to over $45 million.

MORPHO price analysis

The uptick from lows of $1.02 has MORPHO trading above a multi-month descending trendline that links to the highs of $2.80 reached in August 2025.

Bulls are showing conviction as price holds above the 50-day and 200-day exponential moving averages (EMAs).

Notably, oscillators are hovering neutral-buy and moving averages have flipped to “strong buy.”

As such, trading well clear of the 200 EMA at roughly $1.51 cements the uptrend potential.

Bulls are also looking at a hint of a golden cross, with buy-side bias from key technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD).

A sustained close above $1.76, which aligns with prior resistance from May 2025, could propel MORPHO toward $2.15-$2.35.

Next resistance levels lie around $2.80-$3.20.

However, the RSI is in overbought territory above 70, and while not overextended, it suggests a reversal may halt the uptick.

Downside protection could be at $1.50, backed by the 200 and 50-day EMA cluster.

The area around $1.10 and $1.02 offers a strong buy zone.

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Bitcoin fell to $65,800 on Wednesday, slipping below short-term trend lines and keeping a retest of $60,000 in play as liquidity thins beneath current levels, according to Cointelegraph’s analysis of market data.

Although at the time of writing, it has recovered to $67,326.

Traders say repeated failures near $70,000–$72,000 have weakened momentum, and a quick reclaim above $68,000 may be needed to steady the outlook as risk builds toward lower support zones.

Price action and key levels

Bitcoin formed lower highs after multiple rejections around $70,000–$72,000, with the relative strength index trending toward oversold and price holding below the 50- and 100-period exponential moving averages, Cointelegraph reported.

During the New York session on Wednesday, price faded from intraday highs near $69,800 and printed a swing failure pattern, trapping breakout longs and accelerating declines.

An order block sits around $60,800–$61,000, an area where buyers previously stepped in after the yearly low at $59,800.

If $64,000 gives way, traders see that zone as a likely liquidity target.

Liquidity maps highlight a vulnerable gap

Liquidity heatmaps show stacked orders above $72,000 but a “liquidity void” from $66,000 to $60,500, suggesting price can travel quickly through that area to reach stops below, per CoinGlass’s data.

A final stack of leveraged longs worth over $350 million sits near $60,500, leaving the downside exposed despite higher visible liquidity.

Trader Husky noted Bitcoin is slipping below the anchored VWAP from last week’s $59,800 low and warned that without a swift recovery above $68,000, the risk of further downside toward supports near $65,000 increases.

For now, Husky expects a broad $60,000 to $72,000 range.

Market analyst EliZ observed BTC consolidating near $66,500 inside a descending channel.

A break lower could send the price toward the $63,400–$64,600 support band and raise the odds of a revisit to $60,000.

Sentiment splits as institutions and pundits weigh in

Beyond near-term charts, opinions on the asset’s trajectory remain divided, according to Benzinga’s roundup of recent commentary.

Ark Invest’s Cathie Wood has trimmed her 2030 price target from $1.5 million to $1.2 million, acknowledging that stablecoins are “snatching the crypto payments industry away from Bitcoin.”

By contrast, Bernstein analysts called the current slide the “weakest bear case in history” and reiterated a year-end target of $150,000, arguing “nothing has actually blown up.”

Michael Burry contended the asset has been exposed as a speculative vehicle that failed as a debasement hedge, warning it could enter a death spiral and harm companies tied to it.

Risk management voices remain cautious.

Financial advisor Carolyn McClanahan recommends limiting any single asset to no more than 5% of a portfolio, while Jim Cramer questioned its reliability as a means of exchange and pointed to missed upside timelines.

Flows also appear to be shifting.

Citing CryptoQuant data, Benzinga reported that US exchange-traded funds which bought 46,000 units last year are selling in large quantities in 2026.

Interactive Brokers’ Steve Sosnick summarized the moment as “Crypto is now for normies,” noting some investors are rotating to gold, which CNBC has reported climbed above $5,100 an ounce.

Meanwhile, high-profile holders remain resolute.

Michael Saylor said he would keep buying even at $1, describing the asset as a “swarm of cyber hornets.”

JPMorgan analysts set a $266,000 long-term target based on comparisons to gold but called that level unrealistic for this year and noted it trades below an estimated production cost of $87,000, per Benzinga.

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A legal confrontation between Coinbase and Nevada regulators is heating up after a state court declined to immediately suspend the company’s new prediction market product. 

The ruling, issued on Wednesday, denied the Nevada Gaming Control Board’s (NGCB) request for an emergency restraining order that would have halted Coinbase’s event-based contracts for users in the state.

The exchange is now set to face a preliminary injunction hearing next week, where both sides will present more extensive arguments. 

The outcome could determine whether Coinbase must temporarily block Nevada residents from accessing its prediction markets while the broader lawsuit proceeds.

The case stems from a civil enforcement action filed by the NGCB on Feb. 2 in the District Court for Carson City. 

In its complaint, the board accused Coinbase of offering unlicensed sports wagers through its prediction market feature and asked the court to issue both a restraining order and an injunction to block further access.

“The Board has deemed Coinbase’s operations to be unlawful in Nevada,” the agency said in a Feb. 3 press release. “Entities offering such contracts must be licensed.” 

Board chairman Mike Dreitzer added that the lawsuit reinforces the state’s responsibility to regulate gambling and protect the public.

Coinbase fights back

Coinbase, which partnered with CFTC-regulated prediction market Kalshi to launch the feature nationwide in January, has rejected the state’s characterisation as it argues that its products are federally regulated derivatives and not subject to state gambling laws.

In filings submitted Tuesday, Coinbase called the NGCB’s emergency request overly broad, claiming it would bar not only sports contracts but also financial and commodity-linked instruments that fall under federal jurisdiction. 

The company emphasised that Kalshi itself remains accessible to Nevada users and continues to offer the same contracts independently, under CFTC oversight.

Chief Legal Officer Paul Grewal confirmed on X that Coinbase has also initiated legal proceedings in federal court to prevent Nevada from enforcing its restrictions. 

“Congress gave CFTC exclusive jurisdiction over these listed contracts,” he wrote. “And it’s Congress that calls the shots.”

Coinbase’s argument rests on the Commodity Exchange Act, which the company says grants the Commodity Futures Trading Commission sole authority over event contracts listed on regulated exchanges. 

According to Coinbase, Nevada’s attempt to apply its gambling laws to these federally regulated instruments violates the Supremacy Clause of the Constitution and disrupts the national regulatory framework for derivatives.

While the emergency block was denied, next week’s hearing on the preliminary injunction carries greater weight. 

A ruling in favour of the NGCB would likely require Coinbase to geofence Nevada residents, echoing a similar 14-day restraining order recently imposed on prediction market rival Polymarket.

State-level resistance threatens future of prediction markets

Beyond Nevada, a number of other US states are pushing back against prediction markets.

In January, Tennessee’s Sports Wagering Council issued cease-and-desist orders to multiple platforms, including Kalshi and Polymarket, demanding they suspend sports-related markets for users in the state.

Coinbase, anticipating such state-level opposition, preemptively filed lawsuits in December against Michigan, Illinois, and Connecticut. 

The company argues these legal challenges are part of a fragmented regulatory response that contradicts federal oversight and threatens to splinter the national market.

The coming weeks may prove pivotal, not just for Coinbase, but for how prediction markets are regulated across the United States. 

With state regulators and federal oversight bodies asserting overlapping claims, the clash may ultimately set a precedent for the legal boundaries of emerging event-based financial products.

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World Liberty Financial, a crypto project backed by members of the Trump family, said it plans to launch a foreign exchange and remittance platform aimed at lowering the cost of cross-border money transfers.

Speaking at the Consensus conference in Hong Kong, co-founder Zak Folkman detailed plans to utilise the project’s proprietary USD1 stablecoin to facilitate cross-border transfers through a platform dubbed World Swap, Reuters reported on Feb. 12.

Without disclosing an official date, he said the firm will launch the platform soon.

The platform aims to bypass traditional banking intermediaries, which Folkman claims “heavily tax” global money movement, by connecting users directly to debit cards and bank accounts with fees that are purportedly a fraction of the current industry standard.

Folkman said more than $7 trillion moves globally between currencies each year and argued that traditional financial intermediaries extract significant fees from those flows, positioning World Swap as a lower-cost alternative to incumbent providers.

World Liberty Financial is building the service as part of its broader push into decentralised finance using its USD1 stablecoin, which the firm launched last year.

Further, it closely follows the launch of World Liberty Markets, a lending platform designed to drive usage of its USD1 stablecoin.

Folkman said that the lending platform has recorded $320 million in lending activity and more than $200 million borrowed within four weeks of launch.

World Liberty comes under scrutiny

The launch of World Swap comes at a precarious time, as the project is currently embroiled in a high-profile controversy regarding a secret $500 million investment from United Arab Emirates entities.

Reports from early February 2026 indicate that Aryam Investment 1, a firm controlled by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security advisor, purchased a 49% stake in the venture just days before President Trump’s second inauguration.

The deal, which allegedly steered $187 million directly to Trump family entities, has sparked intense debate over whether foreign capital is being used to gain leverage over US policy, particularly concerning semiconductor export licenses to the UAE-based AI firm G42.

The political fallout has been swift, with Representative Ro Khanna and the House Select Committee on the CCP launching formal investigations into the project. 

Lawmakers are scrutinising the timeline of the UAE investment alongside the Trump administration’s recent easing of restrictions on advanced AI chips for Emirati firms. 

Critics and ethics experts argue the arrangement may violate the Foreign Emoluments Clause of the Constitution, suggesting that the president’s personal financial interests are being “subordinated” to national security. 

The committee has demanded that WLFI’s leadership provide full capitalisation tables and internal communications by March 1, 2026.

President Trump directly addressed the controversy surrounding the secret $500 million investment from the United Arab Emirates. 

During a press conference at the White House, Trump denied any personal knowledge of the deal.

WLFI rallies

Despite the mounting legal and ethical pressure, the WLFI token has seen a sudden and aggressive price rally.

While the token spent much of 2025 in a slump, down over 50% from its initial highs, the announcement of the World Swap platform and the success of its lending arm, World Liberty Markets, triggered a fresh wave of speculative interest.

At press time, the token was up over 6% in the past 24 hours.

Market analysts suggest that the “institutionalisation” of the project through major UAE backing, despite the controversy, has ironically signalled to some investors that the platform is “too big to fail.”

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Major cryptocurrencies remained under pressure as weak sentiment and broader market volatility continued to weigh on digital assets, extending a period of subdued performance and limited buying interest.

Bitcoin was trading around $66,300, extending its recent decline amid persistent selling pressure and cautious risk appetite.

The cryptocurrency had fallen to around $65,000 on Thursday, highlighting the fragility of recent price action.

Ethereum slipped below the $2,000 level and hovered near $1,940, as demand remained soft and momentum stayed tilted to the downside.

Other major tokens also struggled. Solana was trading near $78, underperforming larger peers as investors reduced exposure to high-beta assets.

XRP held around $1.35 but remained under pressure, while Dogecoin was steady near $0.09, reflecting muted speculative activity.

Tech weakness spills into crypto

The latest decline in digital assets mirrored weakness in US equities, particularly in technology shares.

The Nasdaq Composite fell about 2% on Thursday, while the iShares Expanded Tech-Software Sector ETF tumbled 3%.

The software-focused fund is now down 21% year to date, as investors reassess valuations in a sector facing growing competition from artificial intelligence tools with increasingly advanced coding capabilities.

The pullback in tech has reduced risk appetite more broadly, contributing to pressure on cryptocurrencies.

Over the past month, Bitcoin has fallen roughly 28%, diverging sharply from other asset classes.

During the same period, gold reclaimed the $5,000 psychological level, while the S&P 500 has traded just about 1% below its all-time high.

The contrast has underscored the uneven performance across markets.

Although Bitcoin managed to halt its earlier slide toward $60,000, it has struggled to regain upward momentum and remains confined below the $70,000 level.

Jobs data reinforces higher-rate outlook

Macroeconomic data has added to the cautious tone. US nonfarm payrolls released on Wednesday showed job growth exceeded forecasts in January, pointing to continued resilience in the labour market.

The unemployment rate remained near multi-month lows, while wage growth stayed firm.

The data reinforced expectations that the Federal Reserve will keep borrowing costs elevated for longer.

Following the report, traders pared back bets on near-term interest rate cuts, with market pricing indicating reduced odds of easing until June.

Higher-for-longer rate expectations typically weigh on risk-sensitive assets such as cryptocurrencies, which do not generate yield and tend to benefit from looser financial conditions.

On Thursday, investors also received a higher-than-expected weekly jobless claims reading.

Attention is now focused on Friday’s US Consumer Price Index report, which could provide further clarity on inflation trends and the outlook for monetary policy.

Standard Chartered warns of further downside

Against this backdrop, Standard Chartered lowered its near-term outlook for digital assets, warning that recent price action has been “challenging, to say the least.”

“We expect further price capitulation in the next few months,” said Geoff Kendrick, projecting that Bitcoin could fall to or just below $50,000 and Ethereum to around $1,400.

Kendrick noted that digital asset exchange-traded fund holdings have declined in an “orderly manner,” with average Bitcoin ETF positions down about 25% and total holdings falling by nearly 100,000 coins from their October 2025 peak.

With the average purchase price close to $90,000, many investors are now in “sharp unrealised loss territory,” making them “more likely to sell, rather than buy the dip, for now,” he said.

Despite near-term caution, Kendrick maintained a constructive longer-term view.

“Once the lows have been reached, we expect the asset class to recover for the rest of 2026,” he said in the note.

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Washington moved to wind down a controversial immigration surge in Minnesota as federal agents began pulling back after weeks of backlash.

Markets, meanwhile, remain tense: Bitcoin is stuck near $65,000 as traders debate whether another leg lower lies ahead.

In corporate news, SoftBank-backed PayPay has filed for a blockbuster US IPO, while AI heavyweight Anthropic locked in a staggering $380 billion valuation, underscoring how capital continues to concentrate at the top of the tech stack.

Minnesota ICE surge ending

Tom Homan, President Donald Trump’s border czar, said the White House will wrap up the Minnesota immigration surge after “good changes” in recent weeks.

The drawdown will continue into next week after 700 agents were already slated to leave the Minneapolis–St. Paul area, though a small federal footprint, will stay temporarily as command shifts back to the local field office.

The operation, dubbed “Operation Metro Surge,” brought thousands of ICE and CBP officers since December and sparked intense backlash after two US citizens, Renee Nicole Good and Alex Pretti, were fatally shot in January during separate confrontations there.

Bitcoin stuck around $65,000

Bitcoin is hovering around $65,000, down 48% from its October all-time high of $126,000, as traders wrestle with where the market goes next.

Open interest climbed 1.47% to $45.41 billion while trading volume surged 27%, signaling fresh position-building after recent liquidations.

The cryptocurrency has been stuck between $66,000 and $72,000 following a sharp rebound from a February 5 crash below $60,000.

Analysts are pointing to Bitcoin’s four-year halving cycle, warning the asset could slide to $50,000 this summer as it enters a historically bearish phase.

Buyers and sellers remain in a standoff while debate intensifies over whether traditional cycle patterns still hold.

PayPay files for US IPO

SoftBank-backed PayPay has filed publicly for a US IPO, aiming to list on Nasdaq under the ticker PAYP.

The filing sets up what could be the biggest-ever US listing by a Japanese company, though the share count and price range will come later.

PayPay reported a profit of ¥103.3 billion on revenue of ¥278.5 billion in the nine months ended Dec. 31, according to the SEC document.

The offering was previously expected in December but was pushed back after a prolonged US government shutdown slowed regulatory review.

Goldman Sachs, JPMorgan, Mizuho, and Morgan Stanley are leading the deal as bookrunners too.

Anthropic secures whopping $380 billion valuation

Anthropic has closed a $30 billion Series G funding round at a $380 billion post-money valuation, more than doubling its worth since September and marking the second-largest private tech financing ever after OpenAI’s $40 billion raise.

Singapore’s GIC and Coatue led the round, with D.E. Shaw Ventures, Dragoneer, Founders Fund, ICONIQ, and MGX co-leading alongside participation from Nvidia, Microsoft, Sequoia, and Lightspeed.

The Claude AI maker reported annualized revenue of $14 billion, up from $10 billion earlier, with roughly 80% coming from enterprise clients.

The funds will support infrastructure expansion, research, and enterprise product development as Anthropic competes with OpenAI and Google, which plans $185 billion in capex this year.

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