David Sacks Steps Down as Influential Figure in Cryptocurrency Sector

Crypto’s leading ally in Washington has just updated his business card, and the market is taking note, leading to shifts in Bitcoin price forecasts. BTC is currently trading around $68,700, reflecting a 1.8% decline over the past 24 hours, which is pulling the broader crypto market down. The timing is challenging: a combination of policy uncertainty and a weakening chart is occurring simultaneously.

David Sacks, the White House AI and Crypto Czar, announced on Thursday that he is resigning from his czar position to become co-chair of the President’s Council of Advisors on Science and Technology (PCAST). This transition was legally unavoidable; Sacks’s czar title categorized him as a “special government employee,” a designation limited to 130 working days.

NEW: Venture capitalist David Sacks is stepping down as AI and crypto czar for Donald Trump after reaching the 130-day limit as a special government employee.
Sacks will transition to co-chair of the President’s Council of Advisers on Science & Technology (PCAST), expanding his… pic.twitter.com/d4YGoMGDJX

— Bitcoin News (@BitcoinNewsCom) March 26, 2026

He informed Bloomberg that the PCAST position does not have such limitations, allowing him to continue influencing crypto and AI policy alongside an advisory team that includes Jensen Huang, Mark Zuckerberg, Marc Andreessen, and Sergey Brin. Sacks played a key role in the passage of the stablecoin-focused GENIUS Act and was actively engaged in the crypto market structure legislation.

This structural policy work will persist, albeit under a different banner. Whether this reassures a market already exhibiting Extreme Fear is a more complex question.

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BTC Price Prediction: Will It Reclaim $70,000 This Week or Fall to $60K?

The chart is not favorable. Bitcoin is positioned at $68,700, consolidating within a descending channel with moving averages aligned bearishly. The Fear & Greed Index has plummeted to 13, indicating an extreme fear scenario, a level that historically signifies either capitulation bottoms or intensified selloffs.

Fear and Greed Index, Alternative

Key support levels to observe include: $68,000, $67,700, and $66,500. Resistance is found at $70,400, followed by $71,700, with a tougher ceiling near $72,300.

Three scenarios, ranked by current likelihood:

• Bull case: The spot holds at $68,400, futures demand stabilizes, and the price recovers to $70,000+ by the weekend.
• Base case: Consolidation between $66,400 and $70,400 continues as ETF inflows level off and miner selling pressure mitigates any recovery attempts.
• Bear case: Analyst Alessio Rastani’s caution regarding a “high chance” of a drop below $60,000 becomes reality if $66,400 fails, paving the way toward the $54,200 level noted in forex analysis.

BTC USD, TradingView

The institutional demand for Bitcoin remains a crucial factor for price predictions. A Fear & Greed reading of 13 presents challenges in both directions.

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Bitcoin Hyper Targets Early-Mover Upside as BTC Tests Critical Support

As spot Bitcoin moves sideways at Extreme Fear levels, the question of rotation arises: where does the potential for asymmetric upside currently reside?

A different segment of the Bitcoin ecosystem is gaining attention. Bitcoin Hyper ($HYPER) is establishing itself as the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, offering sub-second finality on Bitcoin’s security layer, a feature that existing L2s have not achieved. The project aims to address Bitcoin’s three structural limitations: slow transactions, high fees, and the lack of programmable smart contracts.

Two modes. One future.
Bitcoin Hyper. https://t.co/VNG0P4GuDo pic.twitter.com/uNneqkZg13

— Bitcoin Hyper (@BTC_Hyper2) March 27, 2026

Presale figures are substantial: $0.0136 per token, with over $32 million raised thus far. Staking is active with high APY for participants. The infrastructure includes a Decentralized Canonical Bridge for BTC transfers and SVM-powered smart contract execution that the team claims surpasses Solana itself.

Research Bitcoin Hyper here.

This article is for informational purposes only and does not constitute financial advice. Crypto assets are highly volatile. Always conduct your own research before making investment decisions.

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