PANews reported on March 25th that, according to Wintermute market analysis, the geopolitical risk premium decreased due to the news that the US had suspended its strikes on Iranian energy infrastructure for five days, causing Brent crude oil prices to fall and Bitcoin to regain the $70,000 mark yesterday. Wintermute stated that if navigation in the Strait of Hormuz normalizes and oil prices stabilize around $100, Bitcoin could test the $74,000 to $76,000 resistance zone; if the situation deteriorates again, Bitcoin may fall back to the $65,000 range. If the situation continues to ease, institutional buying on dips could push Bitcoin up to $80,000.

The Federal Reserve kept interest rates unchanged last week, and the dot plot showed that 14 officials expect zero or only one rate cut in 2026, indicating that the macroeconomic environment continues to constrain risk assets. In the week ending March 22, Bitcoin ETFs saw a single-day outflow of $708 million, the largest in two months, while Ethereum ETFs recorded a record weekly inflow of $160.8 million. The performance gap between Bitcoin and gold narrowed significantly, with gold experiencing its largest weekly drop since 1983 last week, falling more than 10%.