Cryptocurrency Weekend Rebound: Geopolitical Easing Signals Boost Market

On March 29, 2026, the cryptocurrency market experienced a collective rebound. Bitcoin briefly broke through $67,000, and Ethereum returned above $2,000, with over 67,000 people liquidated globally in the past 24 hours.

The rebound was mainly driven by signals of easing geopolitical tensions. U.S. Vice President Vance recently stated that the U.S. has no intention of remaining in Iran and will withdraw quickly after achieving military objectives. This statement alleviated market concerns about escalating conflicts. Previously, Malaysia, Thailand, and Iran reached an agreement, allowing tankers stranded in the Strait of Hormuz to pass through.

However, there are still concerns in the market. Expectations for a Federal Reserve interest rate hike have reignited, with the yield on the 10-year U.S. Treasury bond continuing to climb to around 4.42%, putting pressure on global risk assets. Analysts point out that whether oil prices can peak is a prerequisite for the return of interest rate cut expectations, and the market will remain cautious in the short term. $BTC