In March 2026, international oil prices surged significantly due to escalating conflicts in the Middle East, with Brent crude exceeding $116 per barrel. Geopolitical tensions drove oil prices, and potential disruptions in the Strait of Hormuz raised market concerns. Investors focused on energy supply and policy impacts, leading to volatility in stocks and crypto assets.

The worsening situation in the Middle East has led to significant volatility in Bitcoin prices. On Monday, Bitcoin briefly fell to $65,112 but quickly rebounded to $67,400, indicating active buying at support levels. The market's sensitive response to the escalation of war and increasing macroeconomic pressures has resulted in a divergence in the performance of mainstream assets. The future trend of Bitcoin will be influenced by geopolitical conflicts and macro variables, and it may continue to maintain high volatility.

The article analyzes the potential global economic impact of the upcoming conflict between the U.S. and Iran, particularly on the energy market and the debt market. It is expected that during Easter weekend, the U.S. may take action, such as going to war, which would lead to the closure of the Strait of Hormuz, soaring oil prices, and a significant contraction in the global bond market. The Federal Reserve, facing the triple pressures of inflation, a banking crisis, and war financing, may adopt a "financial repression" strategy to lower real interest rates. Ultimately, the risks in the bond market are considered a greater hidden danger.

Gate News reports that on March 29, approximately 95% of the components in the Gold Miners ETF (GDX, VanEck Gold Miners ETF) have entered a bear market, the highest proportion since 2023, with a cumulative drop of 25% over the past four weeks. During this round of decline, the strengthening dollar and falling stock market triggered margin calls and forced selling, while the war in Iran has increased mining operational costs. Spot gold prices remain near historical highs, with mining stocks diverging from gold prices.

BlockBeats message, March 28, Liquid Capital (formerly LD Capital) founder Yi Lihua participated in a discussion on a social platform regarding the topic, saying, "I set a take-profit line; with a smaller position it's easier to manage. The rebound didn’t meet expectations. The war hasn’t ended in the short term, so I’m waiting for a new bargain-buying opportunity." Given the recent market downturn, this remark may also imply that he is in a short-profit mode.

Liquid Capital founder Yi Lihua pointed out that the cryptocurrency market is in a bear market, the war is not over, and the rebound is weak. The market's performance over the past four years has been disappointing, with crashes and regulatory impacts causing harm to all parties; only Wall Street's ETFs and a small number of believers continue to provide support, while innovation in the crypto space is progressing slowly.

Gate News reported that on March 27, Yi Lihua published a post on platform X expressing his views on the current state of the cryptocurrency market. According to his perspective, the current cryptocurrency market is in a bear market and the war is not yet over, lacking significant rebounds. Yi Lihua stated that the performance of the cryptocurrency sector over the past four years has been disappointing, with the crypto middle class, retail investors, and VCs all being harvested, while exchanges, market makers, and project teams continue to extract funds. He pointed out that the current capital inflow in the market mainly comes from Wall Street ETFs, DAT, and a few believers, and that there has not yet been any disruptive innovation in the cryptocurrency sector.

Since the war between the U.S. and Iran began at the end of February, Ethereum has performed exceptionally well, outperforming several major assets. Fundstrat's research shows that Ethereum has risen 17% against the S&P 500, and Tom Lee believes it has significant potential as a risk-averse asset. He predicts that Ether could rise to $250,000, and multiple institutions are optimistic about investing in it. Currently, the price of Ethereum is fluctuating around $2,000, with market attention continuously increasing.

Seventy-four-year-old investor Kim Jae-wook from South Korea donated 100,000 XRP to Seoul National University Hospital, equivalent to approximately $145,000, reflecting the expanding application of crypto assets in the public welfare sector. Since 2018, he has been actively involved in charity, with total donations reaching 1.27 billion won, supporting projects such as medical care for uninsured groups.

Israeli Air Force reservists are accused of using confidential information to trade on Polymarket in order to profit from the war between Israel and Iran that began last year. The two men have been charged with serious security offenses, bribery, and obstruction of justice. They had previously successfully predicted specific military operations and earned $162,663 in profits. Details of the case have been partially disclosed, but the defendants’ names have not yet been made public.