On March 27 the price of the leading cryptocurrency fell below $67,000, losing more than 4% over the day. Ethereum slipped below $2,000.
At the time of writing bitcoin trades around $66,500.
The digital gold dragged the rest of the market lower. The leading altcoin is near $1,980, down 4% over the past 24 hours. XRP fell 3.2%, Solana 5.1%.
Liquidations topped $449m over 24 hours. Most of that — $398m — hit long positions.
ETF
Pressure intensified after outflows of $171 from US spot bitcoin ETFs. The latest trading session was the worst in three weeks.
For the month, flows remain positive — as of writing, the funds have attracted $1.3bn.
Ethereum-based products saw $92.5m withdrawn. Outflows have continued for a seventh straight day.
Macroeconomics
Analysts reckon the market’s next move will hinge on a brief geopolitical window. US President Donald Trump postponed by ten days his ultimatum to Iran, with a promise to “destroy” all the country’s power plants, writes The New York Times.
The ten-day pause in potential US escalation has started a “countdown”, explained XS.com senior analyst Rania Gule. The outcome will decide whether tensions ease or intensify.
The US dollar has already reacted. The DXY index broke 100, and the 10-year yield jumped to 4.45%. Demand for safe havens and persistent inflation risks in energy are providing support.
The US bond market is in major trouble today.
Just hours after President Trump’s “10-day pause” of strikes on Iranian power plants, yields are at their highest level of the Iran War yet.
The 10Y Note Yield is up to 4.47% with mortgage rates hitting fresh 7-month highs.
In less… https://t.co/ccQ91LMeSO pic.twitter.com/NSYCP002o8
— The Kobeissi Letter (@KobeissiLetter) March 27, 2026
“The mismatch in control over energy resources, tighter monetary policy and conflict escalation are pushing liquidity into a compression zone,” — noted at Bitunix.
QCP also emphasised that geopolitics remains the key variable. Conflicting signals around US–Iran talks, coupled with a military presence in the Middle East, are keeping markets on edge, especially into the weekend, when the risk of escalation is typically judged more acutely.
If tensions ease and the dollar weakens, liquidity should return and power a new leg higher. If the greenback keeps strengthening amid expensive oil, risk assets will stay under pressure or head lower.
Earlier, JPMorgan analysts said that bitcoin is weathering the Iran crisis better than major precious metals.