📢 Gate Square Daily Report | March 31, 2026

Today’s crypto market opened with a noticeable recovery as major assets bounced from recent panic lows. Bitcoin reclaimed the $67K zone, while Ethereum showed stronger relative strength with funding rates indicating that bearish pressure is beginning to ease. This shift in derivatives sentiment suggests that short-side conviction is weakening, potentially opening room for a short-term relief rally if momentum continues.

On the macro side, U.S. futures moved higher during early trading, signaling improving risk appetite across global markets. At the same time, gold continued to rise on safe-haven demand, reflecting that investors are still maintaining defensive exposure amid ongoing geopolitical uncertainty. This divergence between risk assets and safe havens highlights a market still driven by headline sensitivity rather than stable directional conviction.

In global affairs, President Donald Trump stated that he would seek to end the Iran war even if the Strait of Hormuz were closed, a statement that has immediate implications for oil, inflation, and broader market sentiment. Since this shipping route remains one of the most critical arteries for global energy supply, any closure risk continues to support elevated oil prices and inflation expectations.

From a policy perspective, Republicans have introduced the American Mining Act, a proposal aimed at expanding U.S. mining capabilities and potentially strengthening long-term Bitcoin reserve strategy narratives. This is particularly important for the crypto market because it reinforces the growing intersection between national policy, strategic reserves, and digital asset infrastructure.

Institutionally, Bernstein analysts noted that crypto-related stocks are now nearly 60% below their 2025 highs, describing the sector as a deep-discount buy zone for long-term investors. This view aligns with the idea that current weakness may represent structural repricing rather than long-term trend failure.

📌 Key Market Focus Today

BTC holding above $67K

ETH sentiment improving

Gold remains firm

Oil and geopolitical headlines remain key catalysts

U.S. futures signal cautious optimism

The market is now entering a critical transition phase where macro headlines and policy developments may define the next major move.

Do you see this as a relief rally or the start of a broader recovery? 👇

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