Bitcoin remains steady as other markets experience turmoil: important thresholds to monitor.

Your day-ahead look for March 9, 2026

The price of oil rises sharply as the conflict in Iran impacts supply; bitcoin remains stable. (Maria Lupan/Unsplash modified by CoinDesk)

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By Omkar Godbole (All times ET unless stated otherwise)

Bitcoin BTC $67,613.17 and the overall cryptocurrency sector remained resilient on Monday as oil prices exceeded $100, unsettling Asian markets and causing a decline in U.S. stock futures. The tranquility in crypto may be disrupted if bitcoin fluctuates outside the $60,000- $75,000 band, as indicated by data on major market players’ positions.

Currently, it is firmly situated within that range. The leading cryptocurrency by market capitalization has increased more than 3% since early Asian trading hours, hovering around $68,000. This surge follows a week of fluctuating activity that saw the price rise to almost $74,000 before retreating to $67,000 over the weekend. The CoinDesk 20 Index (CD20), ether (ETH), XRP (XRP), and solana (SOL) experienced similar gains.

This robustness against the conflict in the Middle East and the risk-off sentiment in global equities likely results from the earlier outperformance of U.S. stocks and the cryptocurrency’s oversold condition. The stability in crypto is exemplified by BTC’s 30-day implied volatility index, BVIV, which remains consistent at around 60%. In contrast, Wall Street’s volatility indexes, including the equity VIX, the oil VIX, and the gold VIX have all surged to multi-week highs, reflecting anxiety in traditional financial markets.

Bitcoin market makers—entities responsible for creating order book liquidity and facilitating smooth trading—are “short gamma” at $60,000 and $75,000. This indicates that if the market surpasses those thresholds, they could trade in alignment with the price movement to readjust their net exposure back to neutral. In other words, they may sell BTC as its price decreases and purchase when it increases, amplifying volatility.

“Observing the Deribit GEX (gamma exposure chart), we see dealers are short a considerable amount of gamma at the $60k and $75k levels … essentially the upper and lower bounds of the range. Should markets trade beyond this range, negative gamma will exacerbate conditions from a dealer rebalancing standpoint,” said Greg Magadini, Director of Derivatives at Amberdata, in an email.

He noted that traders are monitoring the same levels and have hedged their exposure at both the upper and lower bounds. Remain vigilant!

Read more: For insights into today’s altcoin and derivatives activity, see Crypto Markets Today

What to Watch

For a more detailed schedule of events this week, refer to CoinDesk’s “Crypto Week Ahead”.

• Crypto
  • March 9: Solstice and Kamino are set to unveil a new product or feature.
• Macro
  • No events scheduled.
• Earnings (Estimates based on FactSet data)
  • March 9: Sharplink (SBET), pre-market, $0.31

Token Events

For a more detailed schedule of events this week, refer to CoinDesk’s “Crypto Week Ahead”.

• Governance votes & calls
  • Convex Finance is voting on Curve Ownership DAO Vote ID: 1358, which would onboard GHO as a Pegkeeper with a 3 million crvUSD debt ceiling. Voting concludes March 9.
  • Lido DAO is voting to establish the delegate incentivization program (DIP 2.0) as a permanent governance mechanism. Voting concludes March 9.
  • Lido DAO is voting to approve a one-time $5 million allocation from the DAO Treasury into the upcoming Lido Earn ETH and USD Vaults. Voting concludes March 9.
  • Lido DAO is voting on whether Stakin (recently acquired by The Tie) should continue as a node operator and whether to authorize updates to Stakin’s on-chain name and reward address. Voting concludes March 9.
• Unlocks
  • No significant unlocks.
• Token Launches
  • March 9: Nexira’s (NEXI) token generation event takes place, with the token to be listed on KuCoin.

Conferences

For a more detailed schedule of events this week, refer to CoinDesk’s “Crypto Week Ahead”.

• Day 1 of 5: Policy Week 2026 (Sydney, Australia)

Market Movements

• BTC is up 0.68% from 4 p.m. ET Sunday at $67,649.34 (24hrs: -0.36%)
• ETH is up 1.89% at $1,995.45 (24hrs: +1.12%)
• CoinDesk 20 is up 1.04% at 1,943.48 (24hrs: +0.12%)
• Ether CESR Composite Staking Rate is down 9 bps at 2.64%
• BTC funding rate is at -0.0025% (-5.8613% annualized) on Binance

• DXY is up 0.30% at 99.2812
• Gold futures are down 0.70% at $5,110.00
• Silver futures are up 0.21% at $84.00
• Nikkei 225 closed down 5.20% at 52,728.72
• Hang Seng closed down 1.35% at 25,408.46
• FTSE 100 is down 1.22% at 10,159.26
• Euro Stoxx 50 is down 1.70% at 5,622.84
• DJIA closed on Friday down 0.95% at 47,501.55
• S&P 500 closed down 1.33% at 6,740.02
• Nasdaq Composite closed down 1.59% at 22,387.68
• S&P/TSX Composite closed down 1.57% at 33,083.70
• U.S. 10-Year Treasury rate is up 4 bps at 4.18%
• E-mini S&P 500 futures are down 0.90% at 6,682.75
• E-mini Nasdaq-100 futures are down 0.96% at 24,434.00
• E-mini Dow Jones Industrial Average futures are down 1.04% at 47,024.00

Bitcoin Stats

• BTC Dominance: 59.04% (0.62%)
• Ether-bitcoin ratio: 0.02951 (0.51%)
• Hashrate (seven-day moving average): 1,005 EH/s
• Hashprice (spot): $29.61
• Total fees: 1.96 BTC / $131,828
• CME Futures Open Interest: 100,675 BTC
• BTC priced in gold: 13.3 oz.
• BTC vs gold market cap: 4.56%

Technical Analysis