Circle shares slid 20% on Tuesday as investors reacted to draft stablecoin legislation that could curb rewards tied to holding USDC. The move came alongside Tether's announcement that it has hired a Big Four accounting firm for its first full audit and claims that Circle froze USDC balances across 16 hot wallets.

Circle Internet Group's CRCL shares fell nearly 19% on March 24 as investors weighed concerns that proposed rules could restrict stablecoin yield and rewards. The stock moved from an intraday high near $127 to about $102 after rallying earlier in March from below $60 to above $130.

Bernstein analysts said Bitcoin has likely already set its cycle low and reiterated a $150,000 year-end 2026 target. Separate volatility work cited an implied floor near $60,000, while traders are watching $65,000 and $70,000 as key technical levels. Bitcoin was quoted at $69,867 at the time of writing after rebounding from an early-February low near $60,000.

Bernstein reiterated on March 24 that Bitcoin may have already formed a cycle low after falling 50% from its peak, arguing institutional buying is reshaping the market's typical four-year rhythm. The firm raised its 2026 price target to $150,000, citing ~30% downside correction paired with less than 5% ETF outflows and projecting a potential 2027 peak of $200,000.

Hyperliquid’s third-week-of-March recap highlighted three developments: the launch of an officially licensed S&P 500 perpetual contract, USDC support arriving on HyperEVM, and new activity highs across HIP-3 tokenized commodity markets. The update also referenced TradeXYZ figures showing a $5.6 billion 24-hour peak volume and about 45,300 daily unique traders, alongside a community ETHCC Cannes event scheduled for March 31.

Ripple's RLUSD stablecoin supply on Ethereum was reduced after 40,000,000 tokens were burned on March 24, 2026. The burn was disclosed by a Ripple stablecoin tracker and framed as a standard step tied to redemptions, amid figures showing 45 million RLUSD burned in seven days versus 10 million minted.

Shiba Inu (SHIB) is showing a potential Q2 2026 bullish extension, with a 37% upside scenario highlighted on the daily chart. The setup points to the 200-day moving average near $0.00000842, while traders watch support at $0.00000504 and nearby resistance around $0.00000662–$0.0000068.

Institutional indicators around Ethereum continued to weaken ahead of March 24, including $16.2 million in spot ETH ETF net outflows recorded on March 23 and year-to-date fund flows still at -$50 million. ETH traded near $2,130, while the Coinbase Premium Index remained negative at -$0.0149 and on-chain MVRV slipped below 0.8, a level some analysts associate with past rebounds.