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Bitcoin rose 1.01% to $68,210 with $42 billion in 24-hour trading volume. Ethereum gained 2.44% to $2,109, XRP (+1.41%), and Dogecoin (+1.03%) also advanced.
Brent crude trades at $105.8 and WTI near $103, reinforcing inflation concerns. Markets are positioning ahead of Donald Trump’s April 1 address on a potential US military pullback from Iran.
Quantum computing risks re-entered focus after research suggested a fault-tolerant system could break current encryption with significantly fewer qubits.
Crypto prices today show a mixed but positive trend led by the world’s largest cryptocurrency, Bitcoin. The token has been on a bullish trajectory. It has surged from the price levels of $67,000 to $68,000 today, even as the US-Iran war continues. Despite oil hitting a staggering $105.8 a barrel, and a fresh wave of ‘quantum computing will kill crypto’ headlines, the crypto market cap is up 0.97% at $2.35 trillion at press time. Usually, during such geopolitical unrest, risk assets like crypto get nuked. Instead, we’re seeing a weirdly calm market.
Except for Hyperliquid and TRON, all top 10 coins are on an uptrend, with Ethereum soaring over 2% at press time. The bulls are effectively playing a game of chicken with the macro environment. They are waiting to see if Trump’s Wednesday night address, which is on US plans to pull out its forces from Iran and end the war, will materialize or not.
Here’s everything on the latest crypto news and price movements based on CoinMarketCap data.
Bitcoin (BTC) is up 1.01% in the past 24 hours at $68,210. It has a market cap of $1.36 trillion. Trading volume over the past day came in at a solid $42 billion, showing that despite the noise around it, BTC continues to attract active participation.
CoinSwitch Markets Desk noted, “BTC moved closer to $68,000, supported by improving sentiment after reports that Iran's President signaled openness to easing tensions in exchange for security guarantees. Attention now shifts to the March Jobs Report on April 3, especially after February’s weak 92,000 print the lowest since 2020. With markets closed for Good Friday, crypto will be the first to react, which could lead to higher volatility. If the data comes in weak, it may boost expectations of rate cuts and support BTC. On the other hand, stronger data could reinforce a higher-for-longer rate outlook, limiting upside. For now, markets remain cautious, awaiting clearer direction.”
Akshat Siddhant, Lead quant analyst, Mudrex added, “While recent remarks from President Trump about a potential end to the conflict have eased immediate selling pressure, overall sentiment remains cautious. Notably, Bitcoin closed March in positive territory after five consecutive months of declines, suggesting a possible trend reversal and a market bottom. A pickup in spot demand could drive a move toward $71,000, while the $65,000 level continues to act as a strong support zone.”
Here is how the world’s top ten coins performed over the last 24 hours:
Biggest Gainers: Ethereum, Bitcoin, XRP, Dogecoin
Biggest Losers: Hyperliquid, TRON
WazirX Market's Desk commented, “In the past 24 hours, AI tokens saw strong momentum, with Render (RNDR) surging 15.84%, while in the RWA space, POLYX jumped 15.07% and ONDO posted a 3.8% gain. In macro developments, OpenFX raised $94M to expand stablecoin-powered cross-border payments, reinforcing growing institutional confidence in blockchain-based financial infrastructure and real-world use cases."
Here are the top headlines impacting crypto prices today.
The US-Iran war is the biggest macro cloud over crypto prices today. Trump has said the conflict could wrap up in two to three weeks, with a national address scheduled for April 1. However, Iran has signaled it is ready to fight for far longer. Tehran has threatened 17 major US tech firms, including Apple, Microsoft, and Google.
Brent crude climbed nearly 2% to $105.8 a barrel at the time of writing. The surge came despite hopes that the US-Iran war might end soon. WTI sits at $103. Oil has stayed above the key $100 level for most of March, entirely supported by the Hormuz shutdown. Trump has urged allies to take control of the strait, while simultaneously telling other countries to ‘go get your own oil.’
For crypto, sustained oil above $100 feeds inflation, keeps interest rates high, and squeezes risk appetite. Even if the conflict wraps up on Trump's two-to-three week timeline, restoring normal crude flows through a damaged strait will take time. This means that the pressure on crypto prices may linger well after the guns go quiet.
Quantum computing is back in the headlines, and it is creating genuine unease about Bitcoin's price and broader crypto security. Caltech researchers showed that a fault-tolerant quantum computer could run Shor's algorithm. It is the one that can crack public-key cryptography, with just 10,000 qubits, down from earlier estimates of one million. Google Quantum AI separately identified 6.7 million BTC sitting in addresses that could be vulnerable to a quantum attack.
A separate Google paper suggested fewer than 500,000 physical qubits could break the 256-bit elliptic curve cryptography used across blockchains. In theory, a sufficiently advanced quantum machine could derive a Bitcoin private key in as little as nine minutes. It is fast enough to exploit a transaction before it is confirmed.
The practical threat is still years away, and industry voices, including Binance's CZ, say crypto networks can upgrade to quantum-resistant algorithms when the time comes. Still, the concern around dormant wallets, including Satoshi Nakamoto's holdings is now a live topic of debate in the community.
The US Department of Justice charged 10 foreign nationals from four crypto firms. The list includes Gotbit, Vortex, Antier, and Contrarian. The charges include artificially inflating token prices and trading volumes through wash trading. Three defendants, including two CEOs, were extradited from Singapore. The FBI and IRS ran undercover operations, even creating fake cryptocurrencies to build the case. Over $1 million in crypto assets were seized. This kind of enforcement action signals that regulators are watching the market closely. It can spook short-term traders but is arguably healthy for long-term market integrity.
Also Read: Bitcoin Price Holds Near $70,000 as Market Awaits Breakout
Crypto prices today face a tug-of-war. Bitcoin's resilience above $68,000 is encouraging. Riya Sehgal, Research Analyst, Delta Exchange, stated, “Looking ahead, the market remains highly sensitive to macro developments, including geopolitical tensions and global liquidity conditions. A confirmed breakout above resistance could shift momentum in favor of the bulls, but until then, a range-bound structure with a slight downside bias is likely to persist.”
The Iran conflict, oil shock, quantum security debate, and regulatory crackdown are creating a cautious mood. Clarity on the war's timeline could be the near-term catalyst that either lifts or pressures crypto markets heading into the week.
Also Read: Bitcoin News Today: Strategy Pauses BTC Buys After One-Year Run, Holds 762,099 BTC
1. Why is the crypto market up today?
The crypto market is up today mainly due to improving investor sentiment and expectations that tensions between the US and Iran may ease soon. Bitcoin’s steady climb above $68,000 has helped lift the broader market. Additionally, hopes of potential interest rate cuts based on upcoming economic data are also supporting risk assets like cryptocurrencies.
2. What is the latest crypto news?
The biggest crypto news today revolves around Bitcoin’s rise to $68,000, strong gains in Ethereum and XRP, and macro developments like the US-Iran conflict. Oil prices have surged above $105, which is influencing market sentiment. At the same time, quantum computing concerns and a major US crackdown on crypto wash trading are also making headlines.
3. How do quantum threats impact Bitcoin?
Quantum computing could potentially break Bitcoin’s encryption in the future by cracking private keys much faster than current computers. However, this risk is not immediate. Experts believe such advanced quantum systems are still years away, and the crypto industry has enough time to upgrade security systems to quantum-resistant technologies.
4. How will a US-Iran ceasefire affect the crypto market?
A US-Iran ceasefire could reduce global uncertainty and improve investor confidence, which may push crypto prices higher in the short term. Lower geopolitical tension can also stabilize oil prices, reducing inflation pressure. This creates a more favorable environment for risk assets like Bitcoin and Ethereum to gain momentum.
5. Which cryptocurrency should I buy today?
Based on current trends, Bitcoin and Ethereum are showing strong momentum and remain the most stable options in the market. XRP and Dogecoin are also gaining traction. However, the market is still influenced by macro factors like war and oil prices, so it is important to stay cautious and consider long-term fundamentals before investing. Investors should also do their own research before making any decisions.
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