Bitcoin joined a risk-asset rout as oil-supply nerves sparked major US inflation warnings, with $70,000 in place as new BTC price resistance. Bitcoin ( BTC ) neared $66,000 at Friday’s Wall Street open as analysis called US inflation trends “objectively unsustainable.” Bitcoin drops further on oil-supply woes as Iran closes the Strait of Hormuz.

Crypto cycles trap retail in speculation. Savings layers with capital preservation and prize incentives rewrite participation for consistent gains.

Ether traders said ETH price could see further downside after bulls failed to defend the $2,000 support as signs of declining demand were apparent. Ether’s ( ETH ) drop below $2,000 on Friday put it at risk of a deeper correction in the coming weeks or months.

While prediction market platforms are under legal scrutiny in the US, many Coinbase users are claiming that the app is pushing them to gamble. Update (March 27 at 8:32 pm in UTC): This article has been updated to include a statement from Coinbase CEO Brian Armstrong.

A draft US crypto tax bill proposes stablecoin exemptions and new rules for digital assets, but excludes a Bitcoin de minimis provision. US Representatives Max Miller and Steven Horsford published a discussion draft bill on Thursday titled the ‘‘Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields Act’’ or the ‘‘Digital Asset PARITY Act,” to overhaul the tax code for digital assets.

The US city is expected to pen an amicus brief in Coinbase’s lawsuit against the state of Michigan, which the exchange filed ahead of its prediction markets launch. Lawyers representing the US city of Detroit plan to file an amicus brief in Coinbase’s lawsuit against Michigan, which argues that federal regulators should have authority in overseeing prediction markets and not states.

Bitcoin and select major altcoins have turned down sharply, indicating that the bears are trying to take charge of the market. Bitcoin’s fall below the $66,000 support heightens the risk of a drop to the $62,500 level.

The P2P.me team opened positions on the Polymarket prediction platform to wager whether the project would hit its $6 million fundraising goal. The team behind the P2P.me decentralized trading platform said it took positions on Polymarket tied to its recent capital raise.

Regulatory uncertainty shakes stablecoins as institutions push forward, prediction markets tighten rules and AI agents reshape micropayment economics. Stablecoins are once again at the center of the crypto business narrative — but for very different reasons.