Crypto exchange-traded funds (ETFs) ended the week under pressure as bitcoin 
funds recorded a second consecutive day of heavy outflows. Ether, XRP, and 
solana ETFs also posted losses, marking another broad selloff across the 
sector. Bitcoin, Ether ETFs Post Second Straight Day of Heavy Outflows The 
crypto ETF market closed the week on a cautious […]

Crypto ETFs Stay Red: Bitcoin Loses $349 Million in Friday Pullback

Crypto analyst Luke has drawn attention to an XRP bull flag breakout, which 
could send the price to $11, which would mark a new all-time high (ATH) for 
the altcoin. This comes as the altcoin faces further downside amid the 
U.S.-Iran war, which threatens to drag on for a long time. XRP Eyes Rally To 
$11 Amid Bull Flag Breakout In an X post, Luke stated that a bull flag 
breakout is forming on the XRP weekly chart, with the target being $11. The 
analyst noted that this is a textbook bull flag after the 8-month 
consolidation. A pole height measured move points to a rally to exactly $11 
while the altcoin could reach $11.20 based on the 1.618 Fib extension. Related 
Reading: XRP Price Ladder Shows What Conditions Are Needed For $18, $100, And 
$500 An XRP rally to $11 from the current price represents an upside of almost 
700%. Luke indicated that such a rally is possible, with institutions also 
accumulating, a development that shows a “parabolic leg” is incoming. However, 
it is worth noting that the XRP ETFs have seen daily net outflows in the last 
two days as tensions between the U.S. and Iran intensify. SoSoValue data shows 
that the funds recorded outflows of $6.15 million and $16.62 million on March 
5 and 6, respectively. As a result, the net assets of these XRP ETFs have 
dropped below $1 billion. The altcoin, alongside the broader crypto market, is 
currently facing downside pressure, with the U.S.-Iran tensions pushing oil 
prices to multi-year highs. Crypto analyst CasiTrades predicted that XRP could 
drop to as low as $0.87, as it remains below the $1.67 resistance level. 
Crypto analyst Egrag Crypto also stated that XRP could drop to as low as $0.85 
after facing rejection at the $1.55 level. Insight Into the Current Price 
Action In an X post, crypto analyst JB stated that all previous wicks, 
including the one on October 10, have been filled down into the demand zone. 
The analyst opined that there isn’t much additional downside fuel left if XRP 
is still in a higher timeframe (HTF) bullish environment. JB also mentioned 
that the first attempt to reclaim $1.61 failed, so a retest of the $1.25 and 
$1 level are now back on the table. Related Reading: Analyst Predicts 1,500% 
XRP Price Increase To $15 If This Is A Wave 2 For an invalidation of this 
bearish structure, XRP needs to reclaim $1.61 and break the diagonal 
resistance. JB noted that this would significantly increase the odds of 
resuming the broader uptrend after about 15 months of correction. “The current 
area offers one of the strongest R:R setups for HTF spot longs, with 
invalidation below the gray demand zone,” the analyst added. At the time of 
writing, the XRP price is trading at around $1.36, down over 2% in the last 24 
hours, according to data from CoinMarketCap. Featured image from Freepik, 
chart from Tradingview.com

XRP Bull Flag Breakout After 8-Month Consolidation To Send Price To $11

Billions of dollars in fresh USDC were printed in just the first week of March 
— a minting pace that, if sustained, could push Circle&#8217;s total for the month 
past $12 billion. Related Reading: Bitcoin’s Brief Rally Isn’t The End Of The 
Bear Market, Analysts Say That surge is one sign of the momentum behind a 
broader milestone: total stablecoin transfer volume hit $1.8 trillion in 
February, the highest monthly figure on record. USDC Pulls Far Ahead Of Tether 
USDC, issued by Circle Internet Group, accounted for roughly 70% of all 
stablecoin transfers last month — about $1.26 trillion. Tether&#8217;s USDT logged 
$514 billion over the same period. That gap surprised some analysts, given 
that Tether holds the larger market cap by a wide margin — $184 billion 
compared to USDC&#8217;s $77.4 billion. According to Simon Dedic, founder of 
Moonrock Capital, USDC has &#8220;consistently flipped&#8221; Tether on transfer volume 
over the past several months. The disparity means each dollar of USDC is 
moving far more often than each dollar of USDT. Data from blockchain analytics 
firm Allium confirmed the February figures. Circle&#8217;s business has been growing 
fast. The company posted strong earnings for the fourth quarter of 2025, 
driven by rapid expansion of USDC&#8217;s payment operations. Partnerships with 
platforms such as Polymarket have added to that momentum. Tether&#8217;s supply, by 
comparison, has held relatively flat through the start of March while USDC 
continues to be printed at speed. What Rising Stablecoin Supply Means For 
Markets More stablecoins on exchanges generally means more money ready to buy 
crypto. On March 5 alone, roughly $5.14 billion in stablecoins flowed into 
exchanges — up from $1.14 billion just four days earlier on March 1. The total 
stablecoin supply sitting on exchanges climbed to a three-week high of $66.5 
billion by Friday. Historically, big jumps in exchange stablecoin supply have 
preceded crypto price rallies, as sidelined capital gets redeployed into the 
market. Bitcoin briefly pushed toward $74,000 this week, partly lifted by that 
stablecoin inflow. The Stablecoin Supply Ratio — which measures Bitcoin&#8217;s 
market cap against total stablecoin market cap — has been recovering after a 
sharp drop in February. CIRCLE JUST MINTED $250M $USDC Circle just minted 
another $250M USDC on Solana. They’ve minted over $3 BILLION in just this 
first week of March. If Circle continue at this pace, they’re on track to mint 
over $12 Billion USDC by the end of the month. pic.twitter.com/aoQKi6zbFE — 
Arkham (@arkham) March 7, 2026 A Closer Look At The Numbers The February 
record was not just about USDC. Overall stablecoin adoption has been climbing. 
Florida&#8217;s state senate passed a stablecoin bill this week, which now awaits 
the governor&#8217;s signature. Related Reading: SEC Vs. Justin Sun Case Ends In 
$10M Settlement, Traders Eye TRX Price Reaction Regulatory movement at the 
state level, combined with growing institutional use of dollar-backed tokens 
for payments and settlement, has kept demand rising. USDC&#8217;s $1.26 trillion in 
February transfers marks the highest monthly total since the stablecoin 
launched in September 2018. Reports indicate Circle has already minted more 
than $3 billion in USDC in March&#8217;s first week, with Arkham data showing one 
single mint of $250 million on Solana. Featured image from Bitkub Academy, 
chart from TradingView

Stablecoin Market Breaks Records — USDC Controls 70% Of $1.8 Trillion Volume

Bitcoin traded at $68,094 as of 8 a.m. EST on March 7, 2026, down 3.3% over 
the previous 24 hours, with a market cap of around $1.36 trillion and roughly 
$39.07 billion in daily trading volume. The leading cryptocurrency moved 
within a $67,495 to $70,423 intraday range, while technical indicators across 
multiple timeframes pointed to […]

Bitcoin Drifts in Tight Range With Downtrend Still Intact

Escalating tensions and military actions risk destabilizing the Middle East, 
impacting global oil markets and regional power dynamics.
The post Trump declares Iran &#8220;surrendered&#8221; to Middle East neighbors, threatens 
further strikes appeared first on Crypto Briefing.

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