2026-03-07 00:00 UTC | BLOCK 939641 BITCOIN $68,122 | GOLD $5,139 1. US-Israel strikes on Iran reshape Middle East -- Prediction markets price US/Israel strikes on Iran at 100%, with 85% odds Iran closes the Strait of Hormuz and 40% odds US forces enter Iranian territory. -- Gold at $5,139 reflects extreme safe-haven demand; regime-fall odds at 45% before 2027 signal markets pricing a prolonged conflict with major oil supply disruption risk. 2. Bitcoin holds $68K, down 46% from ATH -- BTC at $68,122 has traded in a $60K-$70K range for weeks, more than 30% below its October 2025 all-time high of $126,199, as geopolitical risk dominates macro sentiment. -- Fidelity's $65K-$75K support zone is being tested; dominance above 59% shows capital rotating into BTC from riskier assets, but a Fortune report notes a "brief collapse" echoing wartime selloffs. 3. Russia-Ukraine ceasefire remains distant -- Polymarket prices a ceasefire by March 31 at just 2%, rising only to 39% by year-end 2026, indicating no near-term resolution. -- Prolonged conflict compounds global energy and food price pressures, reinforcing the macro backdrop keeping gold elevated and risk assets suppressed. 4. Corporate Bitcoin treasury strategy expands -- Jiuzi Holdings, a Chinese EV company, announced plans to acquire 10,000 BTC (~$680M) via a non-cash share swap, the latest in a wave of corporate balance sheet plays pioneered by Michael Saylor. -- Corporate treasury vehicles now hold an estimated 3.7% of total BTC supply, though most now trade near net asset value, suggesting the premium for this strategy has compressed. 5. Fed easing bets build amid conflict uncertainty -- CME FedWatch shows over 75% probability of at least two rate cuts by end of 2026, as mixed growth and geopolitical disruption weigh on the outlook. -- Rate cuts would narrow Bitcoin's opportunity cost versus yielding assets; Arthur Hayes publicly forecasts conflict-driven Fed easing as a catalyst, though his prior $200K March target was missed by wide margin.