Bitcoin has slipped from $70,000 to around $68,000, leaving it roughly 4% lower over the past day and cutting its market capitalization to $1.360 trillion. While major altcoins like ETH, SOL and BNB are also posting losses, Pi Network's PI token has climbed about 13% to trade near $0.23, marking its highest price in three months.

Between 2023 and 2026, Italian authorities have sharply increased checks in the Register of Virtual Currency Service Providers as more Italians invest in digital assets. The OAM-managed registry, active since 2022, now serves as a key financial intelligence tool for Guardia di Finanza, police and supervisory bodies, which filed 27 information requests in 2023, 44 in 2024 and 107 in 2025. Early 2026 data already show dozens of new enquiries, as Italy prepares by 31 December to align its framework with the MiCAR rules that will convert VASPs into CASPs.

Dubai's Virtual Asset Regulatory Authority has issued cease and desist orders to KuCoin and MEXC after stating the exchanges may have offered virtual asset services to local residents without required authorization. The regulator stressed that neither platform holds a license to provide crypto services in or from Dubai and warned users about the financial and legal risks of dealing with unlicensed firms.

On March 7, the crypto market turned lower again, with Bitcoin pulling back toward $68,000 after briefly approaching $73,000 earlier in the week. Ethereum is trading near $1,976 and XRP around $1.36, while over $302.75 million in leveraged positions have been liquidated in the past 24 hours. Rising oil prices, weak U.S. jobs data and forced liquidations are contributing to the latest wave of selling pressure across digital assets.

Following the release of US President Donald Trump's National Cyber Strategy on Friday, crypto executives are dissecting the document for clues on future support for cryptocurrencies and blockchain. The strategy explicitly commits to supporting the security of cryptocurrencies and blockchain technologies, while language on uprooting criminal infrastructure is seen as potentially targeting mixers, privacy coins and unregulated off-ramps. Industry figures also noted the report's focus on post-quantum cryptography and AI security as signals that the government is treating quantum threats and artificial intelligence as key cybersecurity priorities.

Crypto executive Austin Campbell argued that community banks and the crypto sector should align on the US CLARITY Act or risk conceding advantages to large banks. Responding to community banking leader Christopher Williston, Campbell claimed stablecoins could help address technological and regulatory challenges for smaller lenders, while critics warn the bill could draw deposits away from traditional banks. Members of the Trump family also weighed in, with Eric Trump criticizing major banks and President Donald Trump urging the market-structure bill to be passed quickly.

On March 7 2026, Federal Reserve officials reacted to February’s weaker labor report showing nonfarm payrolls down by 92,000 instead of the 50,000 gain economists had expected. Mary Daly highlighted that a softening jobs market alongside inflation above the 2% goal complicates the next rate decision, while Stephen Miran and Michelle Bowman argued the data supports additional cuts and more policy support for employment. Futures traders moved to price in earlier and possibly deeper rate reductions by year-end.

In early 2026, Ethereum, Bitcoin and Shiba Inu are attempting to stabilize after months of selling and lower highs. Ethereum is trading near $2,080, trying to reclaim key resistance zones, while Bitcoin hovers around $70,900 as the market gauges whether it can build lasting support above $70,000. Shiba Inu trades around $0.0000055 in a tight consolidation band, reflecting a largely neutral setup with limited speculative inflows.