| | Iran's biggest exchange sees outflows jump, then stall as connectivity drops | ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ | View in browser | | | | | | March 3, 2026 | | | | Your Daily Digest of the π₯Hottest News in Crypto | | | | Today's top stories π BTC-to-gold Z-score nears -1.24, a level that has preceded rebounds π Iranian crypto withdrawals jump 700% after Tehran airstrikes π Bitcoin "death cross" returns on 3-day chart, reviving bear-market fears π° Keep reading for all of today's biggest headlines | | | | Bitcoin undervalued relative to gold signals potential rally: Analyst Samson Mow, CEO of Jan3, argues that Bitcoin is undervalued relative to gold and the global money supply, while gold looks "overextended" after rising above $5,247/oz—conditions he says could set up a Bitcoin price reversal. He points to the Bitcoin-to-gold Z-score, noting that when it has fallen below -2 in past cycles, Bitcoin went on to post major rallies, though the metric currently sits around -1.24. Mow's thesis contrasts with other analysts warning that uncertainty and geopolitical tensions could push BTC lower, with some targeting a move toward $50,000 even as Bitcoin trades near $66,400. | | | | | | | | | | Iranian crypto outflows spike 700% after US-Israeli airstrikes Crypto withdrawals from Iran's largest exchange, Nobitex, surged immediately after US and Israeli airstrikes in Tehran, with Elliptic reporting outflows jumping more than 700% to over $500,000 within minutes and nearing $3 million in a single hour. Elliptic's tracing suggests much of the money moved to foreign exchanges, potentially signaling capital flight as people try to move funds outside Iran while avoiding traditional banking scrutiny. Outflows then dropped sharply, which TRM Labs linked to an Iran-imposed internet blackout that cut connectivity by about 99%, while disputing that the activity definitively proved capital flight. The episode highlights how heavily Iranians rely on crypto amid sanctions, banking instability, and recent security incidents including an $81 million Nobitex hack. | | | | | | | | | | Oil spikes? Gold dips? Access global alpha on Bitget now Go beyond crypto. Explore gold, forex, and more! You never have to worry about missing an opportunity due to market hours restriction as Bitget offers 24/7 market access. A unified trading experience across devices where you access stocks, forex, and crypto through USDT with the help of 80+ indicators. | | | | | | | | | Bitcoin price chart 'death cross' is back, reviving late-cycle fears Bitcoin is flashing a new "death cross" on its three-day chart—the first since June 2022—reviving concerns that the recent slide could deepen, as past instances have been followed by roughly a 35% average drop over the next month. The signal comes after BTC has already fallen about 50% from its ~$126,270 peak, with some analysts eyeing a potential bottom in the $30,000–$45,000 range. At the same time, US spot Bitcoin ETFs saw about $458 million in net daily inflows, suggesting dip-buying even as geopolitical tensions and volatility rise, with some arguing prolonged conflict could ultimately support Bitcoin if it leads to easier monetary policy. | | | | | | | | | OPINION | | | | Crypto's real test isn't price hype; it's daily use as a habit Maksym Sakharov, group CEO and co-founder of WeFi, argues that crypto's credibility in 2026 should be judged by real-world adoption—not token prices or trading hype. He writes that the most meaningful signals are metrics like payment retention, settlement throughput, repeat usage, and reliability, noting that while more people have tried paying with crypto, most still default to cards and many holders rarely spend their coins. He argues that progress depends on better infrastructure rather than ideology, with products built for routine payments and compliance instead of trading-first incentives. In his view, stablecoins show blockchain can move real money at scale in ways institutions can trust, shifting policy debates toward reserves, audits, and licensing—and he warns that without sustained daily use, crypto may stay tied to volatility and speculation rather than becoming mainstream financial plumbing.
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