On Wednesday, March 4, 2026, Ethereum's price climbed more than 3% to a local high near $2,090 before trading around $2,041, while its market capitalization stood at roughly $245.9 billion. The move followed a broader crypto rebound led by Bitcoin after a policy push related to stablecoin yields, with open interest and funding rates signaling renewed bullish sentiment. A trading expert noted that a break above $2,140 could open the way toward $2,500, while another rejection might send ETH closer to $1,820 amid recent net outflows from U.S. spot ETH ETFs.

Bitcoin briefly advanced to a one-month peak near $72,000 after earlier falling below $64,000 during the escalating conflict involving the USA, Israel, and Iran. Traders now debate whether a sustained move above $70,000–$71,500 could extend the rally toward $74,000–$80,000 or if failure to hold that area might send BTC back to the $65,000–$66,000 support.

On 4 March 2026, White House Digital Asset Advisor Patrick Witt publicly rejected JPMorgan CEO Jamie Dimon's claim that yield-bearing stablecoins operate like bank deposits, pointing to strict reserve rules under the 2025 GENIUS Act. The clash has complicated negotiations over the CLARITY Act, while Coinbase offers a 3.5% return on USDC that traditional banks struggle to match.

Billionaire investor Ray Dalio stated on the All-In Podcast published on March 3 that Bitcoin is unlikely to replace gold as the leading alternative form of money. He argued that gold’s long-standing role in monetary history, its central bank reserves, and its scale make it structurally different from Bitcoin, which he sees as smaller and more exposed to technological, regulatory, and market risks. Dalio also noted Bitcoin’s high correlation with technology stocks and maintained that gold remains the most established non-debt-based form of money.

Between March 3 and March 4, Bitcoin rebounded from recent weakness and climbed back to about $71,000 after repeatedly failing to hold above $67,000 and nearly dropping below $60,000. Veteran economist Peter Schiff called the move a "head fake" and urged traders to sell BTC in favor of gold and silver, even as major institutions maintain long-term price targets of $100,000 to $150,000 for 2026. At the same time, gold and silver themselves have seen sharp swings, and some market participants expect both Bitcoin and precious metals to face heightened volatility.

Dycom Industries, Bath & Body Works, and Abercrombie & Fitch all posted fourth‑quarter results that came in ahead of analyst expectations, with revenue and EPS generally beating forecasts. Dycom reported record contract revenue and EPS, Bath & Body Works delivered higher‑than‑guided profitability despite slightly lower sales, and Abercrombie achieved record quarterly and full‑year net sales. Each company also issued full‑year outlooks, with Dycom and Abercrombie projecting continued growth and Bath & Body Works guiding to lower sales but resilient earnings.

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.