Research and brokerage firm K33 said bitcoin has become deeply oversold after six consecutive weekly declines and five straight down months, with its weekly relative strength index dropping to one of the lowest readings on record. Head of Research Vetle Lunde argued that extreme bearish positioning in derivatives and heavy de-risking by long-term and institutional holders have created a risk-reward profile that favors accumulation, adding the firm sees no compelling reason to sell BTC at current prices.

Indiana Governor Mike Braun signed House Bill 1042, titled Regulation and Investment of Cryptocurrency, authorizing certain state-run retirement plans to add a brokerage window with at least one cryptocurrency investment option. The law defines digital assets as cryptographically secured currencies outside central control, introduces tax protections for legitimate crypto use, and coincides with Bitcoin trading around $71,522 after rising nearly 8% in the past 24 hours. The state legislature also advanced House Bill 1116 to prohibit crypto ATMs, which awaits the governor's signature.

On 3 March 2026, Ripple CEO Brad Garlinghouse said he believes there is a 90% chance the Digital Asset Market CLARITY Act will be approved by the end of April 2026 and argued the bill is primarily aimed at protecting U.S. consumers. The legislation, which cleared the House in July 2025 but is stalled in the Senate over stablecoin yield provisions opposed by major banks, would reassign regulatory authority between the SEC and CFTC and introduce a new "maturity test" for digital assets. Market projections for XRP tied to the bill's passage range from a conservative $2.80 to bullish scenarios of $15–$30, while prediction markets currently assign lower odds of enactment than Garlinghouse.

In the first days of March 2026, US spot Bitcoin ETFs and MicroStrategy together absorbed more than $1.7 billion worth of BTC, with ETFs alone seeing $1.1 billion in net inflows over three trading sessions and MicroStrategy adding 3,015 BTC for about $155 million. Bitcoin has climbed roughly 8.5% to around $71,000, while traders now focus on the key $64,000 resistance and a critical support zone between $50,000 and $55,000 as institutional demand outpaces new supply.

On March 2, the bipartisan 21st Century ROAD to Housing Act introduced by Senators Tim Scott and Elizabeth Warren advanced in the U.S. Senate with an 84–6 procedural vote. The 303-page bill, backed by the White House for its housing reforms, also amends the Federal Reserve Act to block the Fed from issuing a retail CBDC or similar digital asset until December 31, 2030.

According to on-chain data, long-term Bitcoin holders holding coins for at least 150 days accumulated 212,000 BTC over the past 30 days, valued at more than $14 billion at current prices. During the same period, seventeen of the 25 largest Bitcoin ETF holders increased their positions, while retail traders were selling as Bitcoin traded around the mid-$60,000 range after an earlier peak of $126,200. Bitcoin ETFs also recorded $1.5 billion in inflows across five trading sessions, ending with a single-day intake of $458 million.

According to on-chain trackers, an anonymous whale withdrew 77,000 ETH, valued at $152,621,215, from Binance as the crypto market turned positive again and Ethereum reclaimed the $2,000 area. At the same time, Bitcoin surged to $71,720, nearly 8% higher in 24 hours, while major stock indexes and gold declined amid geopolitical tensions in the Middle East.

Over the past week, large Cardano (ADA) holders have redistributed about 230 million ADA tokens, based on on-chain data shared on March 3. This wave of whale transfers suggests active portfolio repositioning among major addresses, while ADA trades around $0.2704 with a small daily and weekly advance amid a broader monthly decline.