Ondo, canton sidestep macro concerns with institutional deals as bitcoin, ether slide

Crypto Daybook Americas Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Ondo, canton sidestep macro concerns with institutional deals as bitcoin, ether slide Your day-ahead look for March 27, 2026 By Omkar Godbole | Edited by Sheldon Reback Mar 27, 2026, 11:36 a.m. Make preferred on Macro concerns still dominate the crypto market. (Staff Sgt. Kaylee Dubois/U.S. Air Force) What to know : If you're not already subscribed to the newsletter email, click here . By Omkar Godbole (All times ET unless indicated otherwise) Bearish macro headlines dominate crypto market sentiment, as they have done for most of the month, but concrete updates advancing mainstream blockchain adoption still have the ability to resonate with investors. That's evident from the 7% gain in Canton Network's CC token over the past 24 hours. It's the second-best-performing top-100 token by market value, behind Ondo Network's ONDO token, which has risen 9%. CC's upswing follows Visa's announcement that it joined Canton Network as a super validator, helping secure and validate transactions on the blockchain. The move is pivotal because it brings a global payments giant onto a privacy-preserving network specifically built for institutions that want to transact on the blockchain without exposing sensitive data to other network participants. Visa will help "extend privacy‑preserving blockchain infrastructure to banks and financial institutions around the world," the firm said in an official announcement. Privacy is widely seen as a key requirement for broader institutional adoption of the technology. At Consensus Hong Kong in February, investment banking giant JPMorgan and crypto firms Abraxas and B2C2 emphasized the need for privacy-preserving infrastructure, noting that institutions are unlikely to transact at scale on fully transparent networks where sensitive financial data could be exposed. ONDO, too, is rallying primarily due to its pole position in the real-world asset tokenization sector, underscored by the early-week news of its partnership with Franklin Templeton to tokenize traditional assets. The broader market remains under pressure due to geopolitical tensions and oil prices, which have traders pricing a Fed rate hike in two weeks. Bitcoin BTC $ 66,644.71 has dropped over 3% to $66,800 alognside similar losses in ether (ETH) and XRP (XRP). Solana's SOL token fell over 5% and the CoinDesk 20 Index (CD20) lost 3% decline. According to Marex, renewed outflows from spot ETFs are weighing on bitcoin. "ETF outflows have returned in size, which removes a steady bid from the tape and makes dips feel less protected," Marex's analysts said in a morning note. They added that with the quarterly options expiry out of the way, the market is more exposed to the real catalysts again: oil, war headlines, rates and risk appetite. Speaking of risk appetite, it could remain weak as government bond yields across the advanced world, including the U.S. and Japan, are rising again. Stay alert! Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today What to Watch For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Crypto Nothing scheduled. Macro March 27, 10:00 a.m.: U.S. Michigan Consumer Sentiment Final for March est. 55.5 (Prev. 56.6) Earnings (Estimates based on FactSet data) March 27: Sphere 3D (ANY), post-market, -$4.68 March 27: Bonk Inc (BNKK), post-market March 27: Mawson Infrastructure Group (MIGI), post-market, -$10.40 March 27: ZeroStack (ZSTK), post-market, -$1.97 Token Events For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Governance votes & calls March 27: Aave to host its first quarterly livestream . Unlocks No major unlocks. Token Launches No major token launches. Conferences For a more comprehensive list of events this week, see CoinDesk's " Crypto Week Ahead ". Day 5 of 7 Polish Blockchain Week (Warsaw) Day 1 of 2: Penn Blockchain Conference 2026 (Pennsylvania) Market Movements BTC is down 6.13% from 4 p.m. ET Thursday at $66,329.42 (24hrs: -4.44%) ETH is down 8.13% at $1,987.25 (24hrs: -4.27%) CoinDesk 20 is down 3.34% at 1,909.22 (24hrs: -3.86%) Ether CESR Composite Staking Rate is unchanged at 2.74% BTC funding rate is at -0.0097% (-10.5930% annualized) on Binance DXY is up 0.10% at 100.00 Gold futures are unchanged at $4,460.60 Silver futures are unchanged at $68.82 Nikkei 225 closed down 0.43% at 53,373.07 Hang Seng closed up 0.38% at 24,951.88 FTSE is down 0.69% at 9,902.97 Euro Stoxx 50 is down 1.39% at 5,488.69 DJIA closed on Thursday down 1.01% at 45,960.11 S&P 500 closed down 1.74% at 6,477.16 Nasdaq Composite closed down 2.38% at 21,408.08 S&P/TSX Composite closed down 1.53% at 31,887.52 S&P 40 Latin America closed up 0.44% at 3,481.68 U.S. 10-Year Treasury rate is up 9 bps at 4.42% E-mini S&P 500 futures are down 0.51% at 6,492.00 E-mini Nasdaq-100 futures are down 0.71% at 23,624.25 E-mini Dow Jones Industrial Average Index are down 0.48% at 46,009.00 Bitcoin Stats BTC Dominance: 58.49% (-0.61%) Ether-bitcoin ratio: 0.02996 (0.07%) Hashrate (seven-day moving average): 994 EH/s Hashprice (spot): $31.97 Total fees: 2.37 BTC / $164,687 CME Futures Open Interest: 118,140 BTC BTC priced in gold: 15.1 oz. BTC vs gold market cap: 4.44% Technical Analysis Bitcoin slides to key trendline support. (TradingView) The chart shows bitcoin's daily price swings in candlestick format since July last year. BTC has slipped to support of the trendline from Feb. 6 low, characterizing the price bounce within the broader downtrend. Should the support give way, we could see a deeper selloff that could test dip demand around February lows near $60,000. The latest pattern is similar to the one seen through December and January, which ended up deepening the selloff. Crypto Equities Coinbase Global (COIN): closed on Thursday at $173.38 (–4.26%), –1.72% at $170.39 in pre-market Galaxy Digital (GLXY): closed at $19.61 (–8.06%), –1.33% at $19.35 MARA Holdings (MARA): closed at $8.58 (+3.62%), –0.58% at $8.53 Riot Platforms (RIOT): closed at $14.01 (–7.62%), –0.18% at $13.98 Core Scientific (CORZ): closed at $15.79 (–7.39%), –0.51% at $15.71 CleanSpark (CLSK): closed at $9.30 (–6.63%), –0.54% at $9.25 Exodus Movement (EXOD): closed at $6.85 (–6.04%) CoinShares Bitcoin Miners ETF (WGMI): closed at $37.08 (–7.99%) Circle Internet Group (CRCL): closed at $98.27 (–5.38%), –2.35% at $95.96 Bullish (BLSH): closed at $36.44 (–2.64%), –0.93% at $36.10 Crypto Treasury Companies Strategy (MSTR): closed at $132.93 (–4.46%), –0.99% at $131.61 Strive Asset Management (ASST): closed at $10.41 (–4.06%), –1.15% at $10.29 SharpLink Gaming (SBET): closed at $6.53 (–10.30%), –0.61% at $6.49 Upexi (UPXI): closed at $1.07 (–10.08%), +1.87% at $1.09 Lite Strategy (LITS): closed at $1.16 (–3.33%) ETF Flows Spot BTC ETFs Daily net flows: -$171.3 million Cumulative net flows: $56.14 billion Total BTC holdings ~1.29 million Spot ETH ETFs Daily net flows: -$92.5 million Cumulative net flows: $11.6 billion Total ETH holdings ~5.76 million Source: Farside Investors While You Were Sleeping Israel goes after Iran’s weapons in a wide-scale attack (The Wall Street Journal): In the Gulf, Kuwait said two of its ports were hit on Friday. The Pentagon is considering sending 10,000 more ground troops to the Middle East. Stocks fall as China trade probe adds to war gloom (Bloomberg): U.S. stocks head for their longest streak of weekly losses since 2022 as traders grew more nervous about a protracted Middle East war, while China tensed its trade dispute with the U.S. Bonds fell globally. Crypto Daybook Americas More For You The Definitive Stablecoin Landscape Series: North America By CoinDesk Research 20 hours ago Commissioned by Ripple As stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption. Why it matters : Stablecoins are entering their third phase of evolution - the institutionalization era - becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing $1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all. View Full Report More For You Everyone's calling bitcoin resilient, may be it's just complacent By Omkar Godbole | Edited by Sheldon Reback Mar 26, 2026 Your day-ahead look for March 26, 2026 What to know : If you're not already subscribed to the newsletter email, click here . Read full story Latest Crypto News Bitcoin drops to two-week low as $300 million in longs are liquidated 32 minutes ago Anchorage Digital adds Tron custody, opens U.S. institutional access to TRX trading 1 hour ago Bitcoin falls below $67,000 as U.S. 10-year Treasury yield nears 1-year high of 4.5% 2 hours ago Investors yank $171 million from bitcoin ETFs in largest single-day outflow in three weeks 4 hours ago Bitcoin macro risks spike as Ukraine messes with Trump's plan to stabilize oil markets 5 hours ago XRP slides toward $1.35 as liquidation wave signals weak support 6 hours ago Top Stories Tether hires KPMG for USDT audit, brings in PwC as it gears up for U.S. expansion 7 hours ago White House crypto czar David Sacks transfers to presidential advisory committee role 11 hours ago Why big banks are snubbing open ledgers to build their own private blockchains 18 hours ago In this article BTC BTC $ 66,644.71 ◢ 3.76 %