The global market is experiencing intertwined impacts from three main factors: the U.S. easing oil and gas restrictions to suppress energy prices, rising interest rates in Japan, and tense Middle East tensions. This situation is disrupting traditional pricing, causing capital flows to shift from financial assets to physical and strategic resources. For the crypto market, Bitcoin (BTC) reflects risk appetite, with prices fluctuating between $69,000 and $72,000. Its future trend will be influenced by macroeconomic factors.

Liquid Capital founder Yi Lihua stated that the market is still waiting for clarity on the war, but there will likely be opportunities to buy the dip. He emphasized the importance of learning AI, believing that companies not using AI will be eliminated, and plans to spend half of his time working alongside AI.

As the risk of war with Iran increases, investors are selling stocks and bonds and increasing cash holdings, similar to the strategy after the Russia-Ukraine conflict in 2022. A U.S. bank survey shows that fund managers' cash holdings have reached a six-year high, and JPMorgan Chase warns that geopolitical uncertainties could negatively impact the stock and bond markets.

The United States plans to deploy thousands of troops to the Middle East to strengthen military presence, aiming to pressure Iran to return to negotiations. Although U.S. military deployment has begun, Iran remains firm, refusing dialogue, and disagreements are significant. The military escalation has triggered regional chain reactions, with oil prices and the global economy facing uncertainty. If negotiations fail, the conflict could evolve into a prolonged attrition war, affecting financial markets and cryptocurrencies.

# The U.S. Hands Over a 15-Point Peace Plan, Iran Asks: Are You Negotiating With Yourself? America handed a 15-point peace proposal drafted by the U.S. to Tehran through Pakistan. After the plan was disclosed by the Wall Street Journal, Brent crude briefly fell below $100 per barrel, and Asian stock markets collectively rose. But the optimistic sentiment didn't last through a single trading day. All 15 points directly target Iran's core strategic assets. Dismantle three nuclear facilities, halt uranium enrichment, suspend missile programs, reduce support for regional allies, completely open the Strait of Hormuz. In exchange: sanctions relief and civilian nuclear energy assistance. This isn't a negotiation opening bid—it's a surrender conditions checklist. --- 1｜The U.S. Hands Over a Surrender List, Iran Says You're Negotiating With Yourself --------------------- Pakistan delivered to Tehran a 15-point peace plan drafted by America. After the plan was disclosed by the Wall Street Journal, Brent crude briefly fell below $100 per barrel, and Asian stock markets collectively rose. But the optimistic sentiment didn't last through a single trading day. All 15 points directly target Iran's core strategic assets. Dismantle three nuclear facilities, halt uranium enrichment, suspend missile programs, reduce support for regional allies, completely open the Strait of Hormuz. In exchange: sanctions relief and civilian nuclear energy assistance. This isn't a negotiation opening bid—it's a surrender conditions checklist.

As of March 25, the cryptocurrency market capitalization was approximately $2.4 trillion, with overall stagnation. The US-Iran conflict elevated risk-averse sentiment, with Bitcoin price maintaining around $70,644. Ireland and Europol seized 500 Bitcoin. Technical analysis shows Bitcoin may face short-term pullback, with Decred also under downward pressure, as the market exhibits volatile trading.

Deutsche Bank report analyzes the current state of the petrodollar system, pointing out that it faced pressure before the war. Factors such as U.S. energy independence, the trend of oil currency localization, and shaken trust in the Gulf region pose challenges to the system, resulting in increased Middle Eastern oil flows to Asia and more non-dollar transactions.

According to BlockBeats, on March 25, HYPE's price surged over $40 before experiencing a tug-of-war between bulls and bears. Two whale traders liquidated their positions with different strategies, opening short positions and long positions respectively, with their floating profits and losses in relatively opposite states.

Market activity is influenced by policy, with energy price volatility and Middle East risks coexisting, leading capital flows toward safe-haven assets. BTC exhibits liquidity-driven oscillatory movements, lacking conditions for trend continuation in the short term. We need to await a one-way breakout in either energy or liquidity.

On March 23, gold prices fell 2%, approaching $4,400, marking a new low since the end of 2025, with the selloff nearly erasing gains from early 2026. The Iran war and oil crisis are impacting gold price movements, with rising crude oil prices exacerbating inflation, central banks maintaining unchanged interest rates or even hiking rates, rising bond yields weakening gold's appeal, and a stronger dollar suppressing demand. Insufficient speculative momentum is accelerating the selloff, with the market showing clear divergence on the outlook. $4,300 is a key support level; if broken, it could accelerate further selling. Analysts predict gold prices could potentially return above $5,000, but market risks and external impacts warrant caution.