Analysts at QCP Capital have observed the consolidation of the leading cryptocurrency within the $65,000 to $70,000 range. The asset has outperformed gold and stocks in terms of returns.
During the Asian session, Bitcoin’s price briefly dropped to $65,000. Later, it returned to $67,000—a trend that has persisted throughout the current month. The coin tends to depreciate by Saturday due to the closing of margin positions and begins to recover with the start of the new workweek.
Experts pointed out the overall weak sentiment among retail and institutional investors. A strong impetus is needed for the market to resume its upward trend. Analysts noted the recent mass sell-off following the expiration of quarterly options. Bitcoin risks closing in the red for the sixth consecutive month. This would mark the first three-month series of declines at the start of the year.
High oil prices continue to exert inflationary pressure on the global economy. Experts view macroeconomic turbulence as an argument in favor of purchasing Bitcoin as an independent store of value.
In the derivatives market, traders remain cautious. Expected volatility has decreased. Market participants are actively buying options to hedge portfolios against potential price shocks. Contract sellers prefer to stay out of the market until the situation stabilizes.
Altcoins at Historical Lows
The cryptocurrency market is suffering from the high volatility of traditional finance. According to an analyst under the pseudonym Darkfost, altcoins are currently under the greatest pressure. In the current cycle, they have not yet faced such a downturn.
More than 40% of Altcoins near All-Time Lows
“This is even higher than during the previous bear market, which peaked at ~38%… However, when such extreme underperformance appears, it can also create very attractive opportunities.” – By @Darkfost_Coc pic.twitter.com/XvAmKiKyyQ
— CryptoQuant.com (@cryptoquant_com) March 30, 2026
More than 40% of alternative coins have approached or reached historical lows. This figure has surpassed the peak levels of the previous bear market, which stood at 38%.
Macroeconomic instability remains unfavorable for risky assets. The second cause of the collapse was the mass issuance of tokens.
According to the researcher, over 47 million cryptocurrencies have been created in total. Of these, 22 million were issued on the Solana blockchain, 18 million on the Base network, and 4 million on the BNB Chain. The vast supply dilutes liquidity, making altcoins vulnerable and explaining their record lag behind Bitcoin.
Darkfost added that the extreme market decline opens up profitable opportunities. Investors have the chance to buy fundamentally strong and resilient projects at rock-bottom prices.
Earlier, analysts at JPMorgan stated that Bitcoin is weathering the Iranian crisis better than major precious metals.