Coinshares Bitcoin ETF

BRRR

Market cap $396M

Solana Policy Institute president & Blockchain Association Board Chair Kristin Smith joins 'Mornings with Maria' to discuss the Senate's push to pass the Clarity Act, crypto regulation and what's at stake for America's digital asset leadership.

The Iran conflict that began on February 27, 2026, provided what analysts called a "real-time stress test" for the safe-haven claims of both gold and Bitcoin — and the results were not what the crypto community was hoping for. In the first 48 hours of the conflict, gold surged 5.2%.

Currently, Bitcoin is valued at around $65,829 as Federal Reserve Chair Kevin Warsh convenes for his inaugural FOMC meeting.

This weekly update tracks some of the largest cryptocurrencies by market share: Bitcoin and Ether. While both are considered high-risk assets, they possess foundational differences that investors should understand.

I reiterate my buy rating on Bitcoin despite a 49% decline from October 2025 highs. Recent negative catalysts—war, ETF outflows, and corporate selling—have had limited price impact, suggesting market exhaustion. On-chain metrics indicate over half of Bitcoin supply is at unrealized loss, historically signaling a market bottom and buying opportunity.

Bitcoin exchange-traded funds saw a lot of outflows recently. There may be more outflows on the way.

Bitcoin is experiencing a "classic bear market," says @CharlesSchwab 's Jim Ferraioli. as the cryptocurrency continues a 50% fade from all-time highs.

Bitcoin and Ethereum, now fully integrated into the fiat system via ETFs, experienced record outflows driven by institutional deleveraging and ETF redemption mechanisms. The $1.29 billion IBIT block trade and concentrated outflows in BlackRock's IBIT signal internal reallocation and a resilient $58.72 billion institutional inflow base, not structural abandonment. Ethereum's ETHE staking mechanism, with 71% of assets locked, introduces supply compression that will amplify price recovery once ETF creations resume, pending further SEC approvals.

Going to zero would require the developer community, institutional investors, and $1.2 trillion in capital to abandon ship simultaneously. Exchange-traded funds already own roughly 6% of all Bitcoin on the market.

Traders who once bet on crypto have not stopped gambling on the next big market story — they just are not finding that story in crypto itself.