{"id":95464,"date":"2026-03-22T18:19:04","date_gmt":"2026-03-22T15:19:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=95464"},"modified":"2026-03-22T18:22:52","modified_gmt":"2026-03-22T15:22:52","slug":"week-in-review-a-76000-test-and-tokenisation-on-nasdaq","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/week-in-review-a-76000-test-and-tokenisation-on-nasdaq\/","title":{"rendered":"Week in review: a $76,000 test and tokenisation on Nasdaq"},"content":{"rendered":"

Bitcoin briefly tested $76,000, mining difficulty fell 7.7%, SEC<\/span> cleared Nasdaq to trade tokenised equities, Chinese users began mass deletions of OpenClaw, and other highlights from the week.<\/p>\n

Up to $76,000 and back<\/h2>\n

The leading cryptocurrency started Monday with conviction, jumping from $71,000 to $74,000 within a day. The next day the asset continued<\/a> its rally, rising towards $76,000 for the first time since early February.<\/p>\n

By Wednesday, 18 March, the uptrend stalled<\/a> amid an escalation in the Middle East and rising oil prices.\u00a0<\/p>\n

Investors\u2019 caution was compounded by a meeting of the Fed<\/span>, at which the regulator kept<\/a> the policy rate at 3.5\u20133.75%. Although widely expected, such decisions typically prompt risk-asset restraint.<\/p>\n

By late Thursday bitcoin had surrendered its recent gains, falling<\/a> to $69,000. From then until week\u2019s end it traded in a $68,000\u2013$70,000 range.<\/p>\n

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Hourly BTC\/USDT chart on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

At the time of writing, bitcoin trades at $68,800, down 4% over the past seven days.<\/p>\n

The broader crypto market largely followed suit. Ethereum hovered around $2,000, slipping just 1% week-on-week.<\/p>\n

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Source: CoinGecko<\/a>.<\/figcaption><\/figure>\n

Despite bitcoin\u2019s lacklustre price action, inflows into spot ETF<\/a>s persisted for a fourth straight week. From 16 to 20 March the products attracted a net $95m.<\/p>\n

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Source: SoSoValue<\/a>.<\/figcaption><\/figure>\n

Ethereum funds, however, broke a three-week streak, recording $59m of outflows.<\/p>\n

\"image\"
Source: SoSoValue<\/a>.<\/figcaption><\/figure>\n

Total crypto market capitalisation stands at $2.44trn, with BTC dominance at 56.5% and ETH at 10.3%.<\/p>\n

The Crypto Fear and Greed Index<\/a> remains in extreme fear at 10 points.<\/p>\n

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Crypto Fear and Greed Index. Source: Alternative<\/a>.<\/figcaption><\/figure>\n

A deep difficulty correction<\/h2>\n

On 21 March, after the latest adjustment, bitcoin mining difficulty fell<\/a> by 7.76% to 133.79 T.<\/p>\n

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Source: CloverPool.<\/figcaption><\/figure>\n

It was the second-deepest drop this year: on 7 February the metric plunged<\/a> by more than 11% after equipment was shut down during a U.S. winter storm.<\/p>\n

Network hashrate has also been sliding. After peaking at 1.15 ZH\/s in mid-October 2025, it fell to 940 EH\/s.<\/p>\n

\"image\"
Source: Glassnode<\/a>.<\/figcaption><\/figure>\n

The easier difficulty prompted a rebound in hashprice<\/span> to $32 per PH\/s per day. Industry watchers see roughly $40 per PH\/s per day as a breakeven level for miners\u2019 profitability.<\/p>\n

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Source: Hashrate Index<\/a>.<\/figcaption><\/figure>\n

According to TheEnergyMag, of the 14 largest public U.S. mining companies, only IREN and American Bitcoin Corp, affiliated with Donald Trump\u2019s family, are currently mining profitably.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

\"image\"
Source: TheEnergyMag.<\/figcaption><\/figure>\n

Per _checkonchain<\/a>, as of 22 March the average cost to produce one bitcoin exceeds $82,000. With spot prices around $69,000, miners are taking roughly a 15% loss per block.<\/p>\n

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Source: _checkonchain.<\/figcaption><\/figure>\n

Higher oil prices, which raise electricity costs, are weighing on the sector. In response, some participants are selling assets and shifting capacity to higher-margin AI services.<\/p>\n

What to discuss with friends?<\/h2>\n