As tensions between the United States and Iran remained high, the altcoin market approached cycle extremes, with 40% of altcoins at or near all-time lows, according to a research report from CryptoQuant. The crypto market’s total valuation fell 45% from the peak of $4.27 trillion reached in October 2025.
The report details how current conditions are slightly more severe compared to the previous cycle, when only 38% of altcoins fell to or around their lows. This figure was already at 40% this time and Bitcoin’s long-term downward trend was still present.
Here’s a full rundown of the top headlines shaping crypto in the past 48 hours.
ETF flows respond to US-Iran tensions
Starting in the last week of February, Bitcoin spot ETF flows were positive, driving four weeks of inflows. This series totaled $2.218 billion, but the week ending Friday, March 27 saw $414 million in outflows.
Even before the inflow streak broke, inflows slowed dramatically in the third week of March, with only $95.18 million in inflows.
This was due to rising oil prices and concerns about inflation, and it became increasingly clear that the conflict would not be resolved quickly.
Farside IInvestor data showed that Bitcoin ETFs saw positive flows on Monday, March 30, as BTC fell to the swing low at $65.6k.
US senators propose the ‘Mined in America’ bill
The “Mined in America” bill, introduced by Senators Bill Cassidy and Cynthia Lummis, aims to expand U.S. cryptocurrency mining. It also codifies a strategic Bitcoin reserve, as previously done by the executive branch.
The legislation allows facilities to qualify as “Mined in America” if they meet certain criteria through a voluntary certification program. The goal is to move away from mining hardware linked to foreign adversaries.
The previous executive actions outlined the idea of the Strategic Bitcoin Reserve, but this legislation seeks to enshrine it into law. This could strengthen US leadership in digital assets.
Trade advice from the Iranian Speaker of Parliament
In a post on X on March 29, Mohammad Ghalibaf, Iran’s Speaker of Parliament, said: said,
Pre-market news is an ‘inverse indicator’ and if they ‘dump’ the market then ‘go long’.
On March 30, before the market opened, President Trump announced that “major progress” was being made in peace talks with Iran. The S&P 500 rallied on the news but quickly slumped, falling 1.3% from the March 30 local high.
Crypto was also affected by the stock markets, with BTC rising 3.2% from recent lows before falling lower at the time of writing.
Any way you look at it, peace talks that blossom before the Monday market opens and then disappear days later is an interesting pattern.
Final summary
- Tensions between the US and Iran caused Bitcoin investors to take profits earlier in March, and selling pressure has increased over the past week.
- The bill that targeted domestic Bitcoin mining hardware also aimed to establish a strategic Bitcoin reserve.