Trading

On March 23, 2026, Jim Cramer said market momentum had shifted to bulls as Bitcoin reversed sharply and pushed above $71,000. The move set off a broad short squeeze, with liquidations reaching $810.75 million over 24 hours and more than $300 million in BTC shorts in four hours. Bitcoin and Ethereum instruments each accounted for roughly $253 million in liquidations.

Digital asset investment products took in $230 million in net inflows for the week ended March 21, after tallying $635 million in the first two days. Midweek, flows flipped as markets read the FOMC meeting as a "hawkish pause," leading to $405 million of outflows. Bitcoin products captured most activity with $219 million of inflows, while Ethereum funds saw $27.5 million of outflows.

Ethereum climbed more than 4% and briefly moved above $2,170 after President Donald Trump said on Monday that the US would pause strikes on Iran for five days. Earlier, an OG wallet transferred and sold 15,002 ETH for about $30.97 million via Coinbase, while ETH continued to trade within the $2,000–$2,200 range.

SIREN surged 156% in a day to a new all-time high of $3.00, but momentum indicators are flashing exhaustion signals. The Money Flow Index reached 82.96 and a bearish divergence appeared alongside a reported $22 million liquidation event, raising the risk of a pullback. Traders are watching $2.07 as key support, with $1.50 cited as a downside level if $2.00 breaks.

Bitcoin moved back toward $71,000 on March 23 after President Donald Trump said U.S.-Iran talks were “very good and productive” and suggested a pause in military action could help end the war. Prices later hovered around $68,600-$68,900, while a rapid liquidation wave saw about $265 million in crypto short positions closed within 15 minutes. The move highlighted how quickly leveraged markets can reprice on geopolitical headlines.

XRP is showing early rebound signals after failing to stay above $1.50, with whales adding roughly 40 million XRP over the past week. On March 22, analyst Ali Martinez said Santiment data showed large-wallet balances rising from about 3.72 billion XRP to nearly 3.80 billion as the TD Sequential printed a buy signal on the 12-hour chart. At press time, XRP traded at $1.37, down about 1.3% in 24 hours and over 6% on the week.

Bitcoin began the new week after dipping to near $67,400 into the weekly close and losing the 200-week EMA trend line around $68,300. Several traders continued to frame downside scenarios, including bear-flag breakdown risk and a potential move below $50,000, while liquidation data showed over $400 million wiped out in 24 hours. Macro pressure also built as gold fell into a technical bear market and oil sought to hold above $100 amid Strait of Hormuz uncertainty.

On March 23, 2026, NYSE Arca and NYSE American removed the 25,000-contract position and exercise caps for options tied to 11 spot Bitcoin and Ether ETFs after the SEC issued an immediate waiver. Under standard exchange rules, large and liquid funds can now qualify for limits of 250,000 contracts or more, and the update also enables customizable FLEX options, including cash-settled FLEX for products such as IBIT.

Siren's memecoin SIREN rallied 75.30% on March 22 over the past 24 hours, while the broader crypto market fell about 2%. Trading activity surged, with volume up more than 720% to $63.51 million. Still, wallet and exchange metrics suggest some large and retail holders may already be taking profits despite bullish derivatives positioning.

On 23 March 2026 at 09:14, the total crypto market cap fell to $2.33 trillion, down 1.94% over 24 hours, with Bitcoin and major altcoins trading lower. Bitcoin hovered near $67,818 (down 1.94% on the day and 8.11% over seven days) while Coinglass recorded $393 million in liquidations in 24 hours, including $307 million from longs. Sentiment also weakened, with Alternative.me's Fear & Greed Index at 8 (Extreme Fear).