Bitcoin briefly drops below $67,000, down 1.7% in the past hour

Tron's 24-hour revenue reached $1.1M, up 56% from yesterday and far ahead of other blockchains.

Major European stock markets extended losses on March 3, with Germany’s DAX plunging 4% intraday, the Euro Stoxx 50 falling 3.7%, the UK’s FTSE 100 and France’s CAC 40 dropping 3%, according to FXStreet.

As of March 3, Bitget market data shows WTI crude oil surged 7% intraday to $76 per barrel, while Brent crude rose 5.7% intraday and was last trading at $82.14 per barrel.

March 3rd — Wintermute released a market update noting Iran’s geopolitical tensions have driven significant volatility in risk assets. For crypto: The weekend downturn absorbed the first wave of geopolitical panic, while the rebound stemmed from the market’s belief that Bitcoin’s 45% pullback from its all-time high has already absorbed most losses. However, the energy factor remains underestimated: Sustained high oil prices could keep inflation elevated — a setback for global central banks that had hoped for cooling inflation, potentially delaying Fed rate cuts. Crypto is at a disadvantage in this dynamic. Though ETF inflows have picked up recently, institutional participation is now far lower than during the $85k–$95k range seen between November 2023 and September 2024. Back then, institutions traded actively (especially on dips); today, buying interest is scarce, leaving the market fragile. Altcoins are tracking the typical bear market playbook: Positive moves are short-live

On March 3, YZi Labs Investment Partner Dana Hou tweeted that she has wrapped up her nearly four-year tenure at YZi Labs (formerly Binance Labs). Before joining Binance, Hou worked at Alibaba and Kuaishou, and was a macro strategist at Goldman Sachs.

March 3rd — Iran’s Fars News reported that Iran has carried out a strike against U.S. military bases and interests in Qatar, Bahrain, and Oman.