Crypto Market Update: Bitcoin Price Slides to March Low Amid Rising Yields
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news
Bitcoin (BTC) was priced at US$66,036.18, down by 3.7 percent over the last 24 hours.
Chart via TradingView.
Bitcoin price performance, March 27, 2026.
Bitcoin extended its late-month slide, dropping to around US$66,400, the lowest level seen in March, as geopolitical stress tied to conflict in the Middle East continued to pressure global markets.
The token is down roughly 5.6 percent on the week as rising oil prices and persistent inflation fears continue to plague the market. US treasury yields have climbed for four straight weeks, while a stronger US dollar has added another layer of pressure on speculative assets, including cryptocurrencies. The reactionary environment and uncertainty is also compounded around a potential US-Iran ceasefire coinciding with fresh downside moves.
Despite trading within a relatively tight band of US$72,000 to US$66,000, more than US$1.3 billion in leveraged positions have been wiped out this week, highlighting heavy positioning above current levels.
Prediction market data now leans bearish, with a growing share of participants expecting a move toward US$55,000.
Ether (ETH) was priced at US$1,992.98, down by 2.7 percent over the last 24 hours.
Altcoin price update
- XRP (XRP) was priced at US$1.32, down by 1.9 percent over 24 hours.
- Solana (SOL) was trading at US$82.68, trading 3.5 percent lower over 24 hours.
​Today’s crypto news to know
GameStop confirms Bitcoin holdings, quashes selloff fears
GameStop (NYSE:GME) shut down speculation that it had offloaded its Bitcoin holdings, confirming in a regulatory filing that it still owns all 4,710 BTC — worth roughly US$368 million.
The confusion stemmed from an earlier on-chain transfer of the full amount to Coinbase Prime, which some interpreted as a potential liquidation signal. Instead, the filing reveals the company pledged nearly all of its Bitcoin as collateral in a covered-call options strategy, allowing it to generate premium income while retaining exposure to price upside.
The structure involved selling short-dated call options with strike prices between US$105,000 and US$110,000, some of which have already expired unexercised.
Accounting rules required the firm to temporarily remove the Bitcoin from its balance sheet.
White House crypto czar exits role
David Sacks is stepping down from his role as the White House’s artificial intelligence and crypto czar after reaching the 130 day limit for special government employees.
During his tenure, Sacks was a central figure in shaping the administration’s pro-crypto stance, pushing for clearer regulatory frameworks, stablecoin legislation and even a US strategic Bitcoin reserve.
However, several of the industry’s most anticipated initiatives, including the CLARITY Act and broader market structure reforms, remain stalled in Congress amid ongoing disagreements. Early plans for a formal White House crypto council were also abandoned, replaced by ad hoc meetings and internal working groups following industry divisions.
ICE pledges US$600 million investment in Polymarket
Intercontinental Exchange (ICE) announced the completion of a new US$600 million direct cash investment in Polymarket as part of the prediction market platform’s latest equity raise. ICE also said it plans to buy up to US$40 million of Polymarket securities from existing holders, on top of its earlier US$1 billion investment in October 2025, which together fulfill ICE’s total funding commitments under its agreement with the company.
ICE said the enlarged stake is not expected to materially affect its financial results or capital return plans, and noted that details such as the implied valuation will be disclosed once Polymarket’s fundraising round formally closes.
Coinbase, Better Home & Finance introduce crypto-backed mortgages
Better Home & Finance (NASDAQ:BETR) and Coinbase Global (NASDAQ:COIN) have introduced a new crypto-backed mortgage product tied to Fannie Mae-backed mortgages. Borrowers will be able to pledge Bitcoin or USDC stablecoins as collateral for a down payment, then receive a separate, standard Fannie Mae mortgage on the property.
Each loan will carry the same interest rate and term, and borrowers will have one combined monthly payment.
LayerZero, Canton Network integrate
LayerZero has integrated with Canton Network, a public, permissionless blockchain built for institutional finance, marking the first time an interoperability protocol has gone live on the chain.
The Canton Network currently processes over US$350 billion in daily US treasury repo volume. For its part, LayerZero secures about US$100 billion in assets across 750 applications, and the integration enables more than US$8 trillion in institutional assets on Canton to move between over 165 public blockchains. Investors can now use stablecoins from external chains to fund purchases of Canton-based assets, while issuers can move tokenized securities, digital bonds, and equities issued on Canton into other blockchain ecosystems for secondary trading.
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Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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