Grayscale Says Crypto Valuations May Rebound as Macro Pressures Ease

On March 23, Grayscale research head Zach Pandl said crypto markets stayed relatively stable during the war with Iran, arguing valuations could recover more meaningfully as macro risks fade. By March 25, oil had fallen more than 5%, with Brent around $98.28 and WTI near $87.68, while Grayscale also pointed to ETP inflows, higher perpetual open interest, and improving U.S. policy signals as supportive factors.