Bitcoin is now stabilizing between $65,000 and $70,000 after a near-50 % correction from its October highs, soothing overall crypto markets. Nevertheless, their volatility remains contained, with a general lack of bullish catalysts. The US-Iran war drags on risk sentiment but, surprisingly, hasn’t led to worse performance in an already fragile digital asset market.
What are the top 5 updates in crypto since the start of March 2026?
Jane Street, famous for its crypto-breaking algorithms, has slowed activity due to ongoing court case
The cryptocurrency sector is witnessing a renewed confrontation, marked by an unexpected legal dispute involving high-frequency trading firm Jane Street and Terraform Labs.
The lawsuit alleges insider trading and market manipulation connected to the collapse of the LUNA token, an event preceding the broader 2022 crypto downturn and the failure of FTX. The mounting scrutiny suggests potential widespread involvement by the firm in digital asset market manipulation, a thesis supported by the current litigation.
Notably, a persistent pattern of 10:00 A.M. Crypto Futures dumping, previously documented by market observers, ceased following the recent criminal case headlines. While the relationship remains uncertain, the subsequent price action in the asset class has demonstrably stabilized.
SEC & CFTC move toward harmonized digital assets oversight
Since its explosion in the post-COVID era, the crypto market has long been a regulatory battlefield, or 'turf war' waged between governmental agencies. Firms operating in the United States felt caught in the crossfire, starved of the stability and clarity needed to decisively innovate and invest in the market.
On March 6th however, the tide turned. A joint announcement signaled an unprecedented truce—a move toward a unified regulatory front. The SEC and CFTC oversight collaboration news sent a wave of relief through the industry. This marks the dawn of a new era in crypto regulation.
Bitcoin nears "20 Millionth Coin" scarcity milestone
Crypto markets reached a key milestone, as the 20 millionth Bitcoin was mined on March 10th.
With only 1 million BTC left to be created over the next 114 years, this event brings back the scarcity narrative. The shrinking supply—a direct consequence of the Bitcoin halving system—could put significant upward pressure on Bitcoin's price, as demand must compete for an ever-dwindling pool of new coins.
The Bitcoin halving system is a pre-programmed event that cuts the reward for mining new blocks in half, occurring roughly every four years. It's the primary mechanism ensuring Bitcoin's scarcity and one of the core principles of crypto.
Ethereum hits All-Time High network activity despite price consolidation
Daily active addresses on Ethereum approached 2 million in February, surpassing 2021 bull market peaks. Still, the price remains stuck under $2,200 resistance as supply absorption continues.
With global equities sagging due to the ongoing US-Iran conflict, cryptocurrencies have remained somewhat resilient to a broad market selloff of typical ‘risk’ assets.
Despite its price stabilizing, the failure to break new lows and elevated activity indicate relative resilience in the digital asset market, as seen with Bitcoin stabilizing between $65,000 and $70,000.
"Clarity Act" signing deadlock stalls Altcoin season
The US Clarity Act's March 1 deadline passed quietly without offering any new developments.
Institutional money hence saw further hesitation as delays in the bill's final signing mixed with previous corrections in the crypto market, keeping altcoin sentiment chilled. Traders are still nervously awaiting a clear Washington response, as President Trump also expressed frustration around the issue.
Technical levels for Ethereum, Bitcoin, and Solana
Ethereum daily chart and technical levels
Ethereum daily chart, March 12, 2026. Source: TradingView. Past performance is not indicative of future results.
Support levels:
- 20-Day moving average $2,000
- $1,650 to $1,750 pre-bounce 2025 key support
- 2025 bottom support $1,380 to $1,500
- 2025 lows $1,384
Resistance levels:
- $2,100 to $2,300 June war support, now key pivot
- $2,500 to $2,700 June 2025 key support now minor resistance
- $3,000 to $3,200 December resistance
- $3,500 (+/- $50) key resistance
- $4,950 new all-time highs
Bitcoin daily chart and technical levels
Bitcoin daily chart, March 12, 2026. Source: TradingView. Past performance is not indicative of future results.
Support levels:
- $69,000 (20-Day MA) - $70,000 short-term momentum pivot
- $60,000 to $63,000 main 2024 support
- $52,000 to $58,000 next support and 200-Week MA
- $2023 breakout base $25,000 to $34,000
Resistance levels:
- $75,000 key long-term pivot
- $80,000 to $83,000 mini-resistance
- $90,000 to $95,000 pivotal resistance
- Current all-time highs $126,250
Solana daily chart and technical levels
Solana daily chart, March 12, 2026. Source: TradingView. Past performance is not indicative of future results.
Support levels:
- 20-Day moving average $84.50
- $76 to $82 major 2022 pivot
- $69 February lows
- $50 psychological level
Resistance levels:
- Major momentum pivot $115 to $120
- $125 to $130 2026 base resistance
- $140 to $150 major resistance
- $253 cycle highs
This article and its contents are intended for educational purposes only and should not be considered trading advice.
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