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Stacy Jones
March 11, 2026

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đź“ť What you need to know

Bitcoin is having a rough week. The IEA just proposed the largest strategic oil reserve release in its history—and crypto felt it.

Bitcoin slid to around $69,240, down roughly 6% from last Thursday's peak near $73,645. Investors appear concerned that oil prices stoke fears of sticky inflation and higher-for-longer interest rates—a classic headwind for risk assets. Traders are already bracing: Derivatives data show a premium being paid for downside protection, and prediction markets now put a 53% chance on Bitcoin's next big move being a drop to $55,000 rather than a rally to $84,000.

If energy prices cool, sentiment could recover, analysts said—but for now, nerves are frayed.

Bitcoin Retreats Under $70K as IEA Weighs Historic Oil Reserve Release

Bitcoin’s drop coincides with an IEA proposal to stabilize energy markets, leaving derivatives traders paying for downside protection.

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đź“° In the News

Top Bitcoin Mining Pool Operator Foundry Is Getting Into Zcash

Foundry Digital said it plans to offer a mining pool for Zcash next month, enabling people to earn the coin using shared resources.

Mastercard Recruits Binance, Ripple and PayPal for Crypto Partner Program

Over 85 crypto industry firms have signed on for Mastercard’s new initiative, which it said will inform future products and services.

Brera Stock Plunges Amid Growing Solana Pivot as 'Solmate' Firm Dumps Soccer Teams

Shares in Solana firm Brera Holdings plunged early Wednesday after the company said it's going nearly all-in on its crypto pivot.

đź“Š Myriad Market of the Day

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 đź¤ˇ Meme of the Day

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Join the Myriad Markets Telegram to see the latest prediction markets the second they drop!

With Myriad, the on-chain prediction market launched by Decrypt’s parent company DASTAN, you can break the news and stake the news, using USDC and points.

🕵🏻‍♀️ Editor’s Picks

DOJ Seeks Forfeiture of $3.4M in USDT Tied to Ethereum Investment Scam

Federal prosecutors in Massachusetts have moved to forfeit 3.44 million USDT linked to an alleged text-based crypto investment fraud.

Democrats Introduce Bill to Ban Prediction Market Contracts on War and Death

The DEATH BETS Act would prohibit CFTC-registered exchanges from listing contracts tied to terrorism, assassination, war, or death.

DOJ Investigating if Iran Used Binance to Evade Sanctions: WSJ

Binance has sued the Wall Street Journal over what it termed "false and defamatory reporting" in a previous story from February.

đź“š Watch, Listen & Learn

📹️ WATCH: Michael Saylor’s Strategy Bought 2,038 More BTC

🎧 LISTEN: The Decrypt News Roundup With TylerD - March 10th

Michael Saylor’s Strategy just bought another billion in Bitcoin. Nasdaq is teaming up with Kraken for tokenized stock trading. And the U.S. Treasury may be giving in on crypto privacy.

🎓️ LEARN: What Is Base? The Ethereum Layer-2 Network Launched by Coinbase

Base is designed to house Coinbase’s on-chain products and provide an open ecosystem for dapps, onboarding “billions of users.”

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