The crypto market is under pressure as Shiba Inu continues to breach short-term support patterns and XRP attempts a fragile recovery toward the $1.60 region. Bitcoin has rebounded from around $63,000 and is consolidating below $70,000, with a breakout still technically possible if buying momentum and volume strengthen. Overall trends for these assets remain cautious, with key moving averages acting as resistance and limiting the scope of any rebound for now.

As conflict spreads across the Middle East and oil prices rise, Bitcoin is still trading above $66,000 while Asian equities come under pressure. On February 28, 2026, the price briefly fell to around $63,000 before recovering, and on-chain data shows limited selling from short-term holders even as the macro backdrop worsens.

In the last 24 hours, Form's FORM token jumped more than 30%, with trading volume climbing to about $89 million as it led gains among the top 200 cryptocurrencies. The memecoin launchpad broke above a key $0.19 resistance and has traded between $0.27 and $0.30 amid rising volatility, driven largely by aggressive whale activity in derivatives. However, spot volume has started to cool and traders have begun deleveraging above $0.30 on Binance, signaling expectations of a possible pullback.

On Tuesday, President Donald Trump argued that U.S. banks are undermining key crypto legislation by stalling the Clarity Act, following the earlier passage of the GENIUS Act on stablecoins. He warned that disputes over whether stablecoins can offer yield are delaying broader market structure reforms and could drive digital asset activity to China and other jurisdictions. The Clarity Act remains stuck in the Senate as lawmakers, banks and the crypto industry clash over stablecoin rules and their impact on traditional banking.

On 3 March 2026, Chainlink added support for Coinbase’s wrapped Bitcoin (cbBTC), allowing users on Monad to move the asset to Ethereum Layer-2 network Base via CCIP. cbBTC has a circulating value above $5 billion and could deepen liquidity for Monad’s expanding DeFi ecosystem, while CCIP’s cumulative transfer volume has approached $15 billion across 77 chains. Despite growing protocol fees and a token accrual program that has locked 2.3 million LINK, the token’s price remains range-bound between $8 and $9.5 amid subdued institutional inflows in 2026.

Bitcoin is consolidating near $68,000 as open-interest-weighted funding rates edge back into slightly negative territory, indicating a more cautious stance in derivatives markets. BTC recently traded around $68,290 after touching highs above $69,000 and lows near $66,138, while the daily RSI has recovered from February’s oversold readings but remains below the neutral 50 level.

On Tuesday, President Donald Trump used Truth Social to claim that the GENIUS Act, a U.S. stablecoin framework, is being undermined by banks amid a dispute over stablecoin yields. He urged Congress to quickly pass the Digital Asset Market Clarity Act of 2025, arguing that Americans should earn more on their money and that the crypto market structure bill must move forward.

In a March 2 thesis, Joe Burnett, VP of Bitcoin Strategy at Strive (Nasdaq: ASST), argues that bitcoin could climb to $11 million by the first quarter of 2036 as artificial intelligence drives structural deflation while policymakers keep expanding liquidity. He projects a bitcoin network value of about $230 trillion by 2036, or roughly 12% of an estimated $1.97 quadrillion global financial asset base, with scarcity, monetary debasement and AI-led productivity gains channeling capital into BTC as a long-duration savings asset.