Geopolitics

U.S. Senators Bill Cassidy and Cynthia Lummis introduced the “American Mining Act” on March 30, aiming to strengthen the United States’ cryptocurrency mining infrastructure, promote domestic mining, and establish a strategic Bitcoin reserve. The bill would support American manufacturing, improve supply chain security, and phase out hardware technologies associated with foreign adversarial forces. The bill is intended to reduce reliance on Chinese hardware and strengthen the United States’ position in digital assets.

2026-03-30 17:15 to 17:30 (UTC), within 15 minutes ETH’s return recorded -0.92%, the price range was 2032.21 to 2060.58 USDT, the amplitude was 1.38%, and short-term market volatility intensified, drawing widespread attention. Data from the funding side shows that during this period the market’s overall trading volume remained at a high level, with large on-chain capital flows leaving, and short-term selling pressure being concentrated and released. The main driving force behind this unusual move comes from institutions actively reducing their holdings and a warming of macro risk-avoidance sentiment. During the reporting period, some large institutions began to adjust their portfolio structure, cutting ETH holdings significantly.

Gate News message: On March 30, U.S. President Trump said in a media interview that his response to Iran's attack on the oil refinery in Haifa, Israel would "come very soon." Israel reported that same day that the refinery in the northern city of Haifa caught fire in a missile attack.

The International Monetary Fund (IMF) issued an economic warning, saying that war has led to global shocks, driving up food and fertilizer prices, tightening financial conditions, and increasing the risk of inflation and slower economic growth—especially in the Middle East, where the impact is severe.

2026-03-30 14:15 to 14:30 (UTC) saw a significant abnormal move in the Bitcoin spot market. The short-term return rate was -0.54%, the price ranged from 67249.9 to 67698.6 USDT, and the amplitude reached 0.66%. Overall, trading volume and depth remain at extremely low levels within the year, which has increased volatility. Market attention has risen, and investors’ risk-avoidance sentiment has warmed. The main drivers of this abnormal move are fragile liquidity and concentrated whale fund selling. Specifically, spot trading volume has fallen to its lowest level since November 2023, and the 1% market depth has broken below 0.5%, indicating a significant reduction in market liquidity and increased risk of further sharp declines.

U.S. Secretary of State Rubio said the United States would never allow Iran to permanently control the Strait of Hormuz, and emphasized that the U.S. would be prepared for military action. He said negotiations are still ongoing, but that the possibility of negotiations failing must also be taken into account.

Gate News message. On March 30, U.S. stocks opened higher, with all three major indexes opening up. The Dow (Dow Jones Industrial Average) rose 0.78%, the S&P 500 index (S&P 500 Index) rose 0.77%, and the Nasdaq (Nasdaq Composite Index) rose 0.7%. For individual stocks, Alcoa Corporation (AA.N) rose 7.9%; two large aluminum plants operating in Bahrain and the United Arab Emirates were recently hit by attacks from Iran.

Reputed crypto analyst shares detailed explanation on market dump. The expert breaks down several factors to answer why is the crypto market dumping. Besides the geopolitical strife, the Fed and monetary bonds add to the dump. In the final days of the month of March, the price of

U.S. President Trump said on social media that he is negotiating with Iran's new government to end military action and that progress has been made. If an agreement cannot be reached, the U.S. will consider destroying Iran's key facilities as retaliation.

According to the latest post by U.S. President Donald Trump on the social media platform Truth Social, the United States is conducting serious negotiations with Iran’s “new, more rational government,” and it has already made major progress. Trump issued a tough warning: if an agreement cannot be reached as soon as possible and the immediate restart of the Strait of Hormuz is not carried out, the U.S. military will completely destroy Iran’s oil wells, power plants, and energy lifelines such as Kharg Island. (Background: Oil prices break 100! Trump says negotiations are near the end—“will take Iran’s oil,” analysts warn: Bitcoin’s bottom may test $46,000) (Additional background: “Doomsday Doctor” Nouriel Roubini: Trump is very likely to “escalate the war with Iran”! Inflation’s rebound could force the Fed and the European Central Bank to raise rates) Has the geopolitical situation in the Middle East reached a decisive moment? U.S. President Donald Trump’s latest post on his social media platform Truth

Peter Van Valkenburgh warns that without passing the CLARITY Act, future U.S. administrations may impose strict regulations on crypto. He emphasizes the need for statutory protections to prevent reliance on political climates, as current agreements stall in Congress.

Gate News message. On March 30, according to The Wall Street Journal, Iran’s first vice president, Mohammad Reza Arif, said that if Iran’s “aggressors” want to negotiate over the Strait of Hormuz (one of the world’s most important oil shipping routes), they must commit not to invade Iran and to recognize Iran’s international rights.

Gate News message, on March 30, the dollar strengthened again as the market worried about an escalation in the Middle East conflict. Although warnings from Japanese officials about intervening in the yen briefly strengthened the yen, the dollar’s decline was limited and short-lived. Chris Turner, an analyst at ING, said: "Unless Iran sends clear de-escalation signals, it will be difficult to see the dollar give back this month’s gains in the near term."

The prospects of the "Clarity Act" are unclear, which may lead the SEC to reconsider cryptocurrencies as securities, increasing legal risks. Industry insiders warn that short-termism and conflicting interests may delay the passage of the bill, impacting the legal status of mainstream assets. Cryptocurrency lobbying groups are prepared to address regulatory risks, calling for unity to ensure the long-term safety of the industry.

Ripple CEO Brad Garlinghouse stated that negotiations for the Clarity Act are progressing smoothly and an agreement is expected to be reached soon. He emphasized that the U.S. should pass the bill as soon as possible to solidify its status as a cryptocurrency hub and noted that the use of stablecoins will facilitate the integration of traditional finance with the crypto industry.

The Bitcoin mining industry is facing major difficulties because the coin price has fallen to $68,000, while mining costs are as high as $88,000, causing miners to lose money and gradually exit the market. Soaring energy prices and heightened geopolitical risks are affecting hash rate and profitability. Mining companies are pivoting to move into the AI sector in hopes of securing stable cash flow.

The global cryptocurrency market rebounded on March 30, 2026, with a market capitalization of approximately $2.4 trillion, as both Bitcoin and Ethereum saw gains, and market sentiment improved due to easing tensions in the Middle East. Despite the recovery in the spot market, the derivatives market remains volatile, and investors should pay attention to the potential pressures from high energy prices and interest rates.

Following a quiet weekend with little to no actual price moves, bitcoin and the altcoins could be primed for more fluctuations as the business week unfolds due to several big events in the US. Perhaps the two that are likely to attract the most attention will take place on Monday and

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.

Federal Reserve Chairman Powell will reiterate his stance on pausing interest rate cuts at Harvard University, emphasizing that he is not in a hurry to adjust rates given the uncertainty in the Middle East situation. He is facing pressure from Trump and a criminal investigation, and the market will closely monitor the impact of his remarks on digital assets and the overall economy.