Arizona prosecutors have filed charges against prediction market operator 
Kalshi, alleging the company ran an unlicensed gambling operation and accepted 
illegal election wagers within the state. Prediction Market Kalshi Charged in 
Arizona for Sports and Election Betting Arizona Attorney General Kris Mayes on 
March 17 filed a 20-count criminal information in Maricopa County Superior 
Court […]

Arizona Challenges Kalshi’s Federal Status With Unlicensed Gambling Charges

Crypto analyst Merlijn revealed that Bitcoin has flashed the most powerful 
fractal in the markets right now. This comes amid BTC’s rally to a one-month 
high of $75,000 despite the escalating tensions between the U.S. and Iran. 
Bitcoin Flashes Most Powerful Fractal In Markets Right Now In an X post, 
Merlijn stated that Bitcoin has formed the most powerful fractal in the market 
right now. He noted that gold had formed this structure in 1974, when it 
completed three waves, followed by a Fibonacci extension and a parabolic move. 
Now, BTC is forming an identical structure, with the third step forming. 
Related Reading: Analyst Says Bitcoin Bulls Have Won And This Is The Next 
Target The analyst further said that $62,000 is the last line before the 
Fibonacci extension opens, and that if BTC holds this level, then the $226,000 
Fibonacci target unlocks. However, if the leading crypto loses this level, 
then the fractal gets one more low first. Merlijn added that BTC is pointing 
to the same outcome as gold, with a parabolic move on the horizon. In another 
X post, the analyst provided a bullish outlook for Bitcoin, citing global 
liquidity. He noted that M2 is expanding again and that BTC has just entered 
the green accumulation zone. Merlijn explained that the last two times this 
combination appeared, BTC multiplied. He added that a hold above $74,000 will 
confirm this liquidity cycle, while a drop below $65,000 means one more 
compression before a rally to the upside. Bitcoin rallied to $75,000 
yesterday, signaling that the leading crypto was again seeing bullish momentum 
despite the U.S.-Iran conflict. Veteran trader Peter Brandt suggested that BTC 
could rally above $80,000 in the short term. Market Conditions Show Signs Of 
Stabilization And Market Recovery In a research report, the on-chain analytics 
platform Glassnode said that market conditions are showing signs of 
stabilization and gradual recovery. The spot CVD is said to have flipped 
decisively positive, which Glassnode noted reflects a return of aggressive 
buying pressure. Furthermore, the derivatives markets reflect rising but 
cautious engagement. Related Reading: Bitcoin’s Base Case: What To Expect 
Before The Run-Up Above $100,000 Glassnode stated that futures open interest 
has edged higher as futures CVD surged, while funding payments moved further 
into negative territory, which points to persistent short positioning. 
Meanwhile, the Bitcoin ETFs are seeing renewed interest, although the on-chain 
analytics platform noted the total ETF trading volume has cooled slightly from 
prior elevated levels. Lastly, Glassnode mentioned that on-chain activity 
remains relatively muted, with active addresses declining below their lower 
band and transfer volumes improving modestly but remaining subdued. Fee volume 
is said to have remained stable, which reflects steady but quiet network 
usage. At the time of writing, the Bitcoin price is trading at around $74,100, 
up in the last 24 hours, according to data from CoinMarketCap. Featured image 
from Pixabay, chart from Tradingview.com

Bitcoin Just Flashed The Most Powerful Fractal In The Market, Here’s What To Expect

DAO platform Tally is closing after six years, underscoring how softer U.S. 
rules and ETF/RWA adoption have eroded demand for DAOs as regulatory armor and 
squeezed heavy governance tooling. DAO tooling provider Tally is shutting down 
after six years, in…

DAO governance platform shuts down as U.S. regulatory pressure eases and demand for DAOs fades​

Bitcoin experienced significant volatility, briefly surpassing $76,000 before 
encountering resistance and dropping to around $73,500. Despite these 
fluctuations, bitcoin has gained over 10% in March. Intraday Volatility and 
the Battle for $75,000 Bitcoin ( BTC) showcased significant volatility during 
Tuesday’s session, briefly surging past the $76,000 threshold in the morning 
before facing stiff overhead resistance. […]

Bitcoin Bulls Eye $75K as Market Experts Forecast Sustainable Rally

A Kalshi spokesperson said that the criminal case was based on ”paper-thin 
arguments” and claimed the company was exclusively under federal jurisdiction.

Cryptocurrency price in EUR