TechFlow News, March 30: According to The Block, amid ongoing U.S.-Iran geopolitical tensions, elevated oil prices, and heightened inflation concerns, Bitcoin is currently trading at approximately $66,966—significantly lower than last week’s peak of $71,000 and briefly dipping to $65,000 on Saturday. The Fear & Greed Index currently stands at 9, indicating a state of “extreme fear” in the market.
Jeff Mei, Chief Operating Officer of BTSE, stated that oil and gas prices are likely to remain elevated, weighing on economic growth, and Bitcoin could further decline toward the $60,000 support level. However, institutional sentiment remains relatively optimistic: U.S. spot Bitcoin ETFs recorded over $1.13 billion in net inflows for the month—a reversal from four consecutive months of net outflows. Strategy continues to accumulate Bitcoin, and Morgan Stanley is also set to launch a low-fee Bitcoin ETF. Analysts noted that weaker-than-expected U.S. initial jobless claims and nonfarm payroll data this week could trigger a rebound in risk appetite; likewise, any de-escalation in U.S.-Iran tensions could help Bitcoin reclaim the $70,000 level.
