Bitcoin Breaks $68,000

On March 31, a strategist at UBS said the prolonged Iran conflict and high oil prices could signal the end of gold’s rally. Joni Teves, precious metals strategist at the Swiss lender, told reporters in an interview last Friday that investors may be witnessing the final stage of gold’s bull market. “We believe the gold price cycle is broadly aligned with the Fed’s policy cycle, so we expect the rally to fade gradually by year-end, with prices consolidating at lower levels over the next few years,” she noted. Teves added that UBS’s base case calls for gold to hit new highs later this year—after a period of consolidation and amid ongoing fund inflows. “That said, the ongoing Middle East conflict could trigger significant shifts in the macroeconomic outlook and policy expectations, which would alter gold’s medium- to long-term trajectory,” she warned. (Source: Jinse)

March 31 – Per HyperInsight monitoring, a whale with the address prefix 0xcc1 has reopened a 2x-leveraged long position in Brent Crude Oil (BRENTOIL) over the past hour, following the closure of a losing long position in the commodity in the prior cycle. The whale’s current position is valued at $5.3 million, with an average entry price of $159.6. It currently holds a modest unrealized gain of roughly $20,000.

March 31 – CCTV News reports that Tehran, Iran’s capital, was targeted by another round of airstrikes at 5:51 a.m. local time on March 31. Multiple explosions were heard in the city.

Per an official announcement dated March 31, Upbit will list trading pairs for SkyProtocol (SKY), USDS (USDS), Korean Won, and USDT.

March 31st — CNN reports that as Trump administration diplomatic envoys prepare to again attempt diplomacy with Iran, a key question hangs over their efforts: do the Iranian officials they’re engaging with have enough authority to reach an agreement? U.S. and Gulf officials say American officials aren’t entirely sure if the regime figures they’re talking to hold the ultimate power to sign any peace deal, let alone implement one. However, four regional sources note that amid uncertainty over who actually makes decisions in the Iranian regime, the U.S. government is still casting a wide net to find officials to engage with. One source familiar with the developments said, “Getting a quick response from Iran isn’t easy, so more time is a prerequisite for future dialogue.” U.S. and regional officials add that while face-to-face talks this week are unlikely, both sides have so far taken this dialogue opportunity seriously.