For crypto this week, the story is not a token-specific catalyst. It is 
whether an oil shock tied to the US-Iran war turns into a broader inflation 
problem just as the market gets February CPI on Wednesday, March 11, followed 
by the second estimate of fourth-quarter US GDP and the delayed January PCE 
report on Friday, March 13. Crypto Watchlist This Week The market opened the 
week with energy first, everything else second. President Donald Trump said 
ending the war with Iran would be a “mutual” decision with Israeli Prime 
Minister Benjamin Netanyahu, signaling no obvious near-term off-ramp, while 
Brent crude surged as high as $119.50 a barrel and WTI to $119.48. Reuters 
reported that Iraq, Kuwait and the UAE had begun reducing oil production as 
the conflict and shipping disruption through Hormuz intensified. Notably, the 
oil supply shock is the largest in history. BREAKING: The world is now 
experiencing its largest oil supply shock in history, losing nearly 20 million 
barrels of oil supply per day. Top oil supply shocks: 1. Hormuz Closure (NOW): 
-20 million b/d 2. Iranian Revolution (1978): -5.5 million b/d 3. Yom Kippur 
War (1973): -4.5… — The Kobeissi Letter (@KobeissiLetter) March 9, 2026 That 
is why the macro transmission matters so much for bitcoin and the entire 
crypto market. In a speech published Monday, IMF Managing Director Kristalina 
Georgieva put it plainly: “We are seeing resilience tested yet again by the 
new conflict in the Middle East. Important oil and gas facilities have 
suffered damage and stoppages; shipping traffic through the Strait of Hormuz 
has fallen by 90 percent. If the new conflict proves prolonged, it has clear 
and obvious potential to affect market sentiment, growth, and inflation.” She 
added that every 10% increase in oil prices, if sustained through most of this 
year, could add 40 basis points to global headline inflation. Meanwhile, US 
oil prices staged one of their biggest reversals in history on Monday when hat 
G7 countries were reported releasing 400 million barrels of crude oil from 
reserves. BREAKING: US oil prices are currently attempting one of their 
biggest reversals in history. At 10:30 PM ET, US oil prices were up as much as 
+30% on the day. Then, FT reported that G7 countries are considering releasing 
400 million barrels of crude oil from reserves. Less than… 
pic.twitter.com/G1uRHvkFxX — The Kobeissi Letter (@KobeissiLetter) March 9, 
2026 Wednesday’s CPI print is the first hard test. The last US CPI release, 
for January, showed headline inflation up 0.2% month on month and 2.4% year on 
year, with core CPI at 2.5% year on year. The February report is due at 8:30 
a.m. ET on March 11, and market previews are looking for something in the 
2.4%-2.5% annual range, with core inflation broadly steady near that zone as 
well. In other words, the baseline is not a dramatic reacceleration on paper; 
the problem is that markets now have to judge those numbers against an oil 
backdrop that worsened sharply after the survey period. Crude oil is 
approaching $110, up ~$50 in the past month. This comes as Goldman Sachs said 
in a weekend investor note that a sustained $10 rise in oil prices for three 
months could push U.S. CPI to around 3% by May. https://t.co/5vLjHAvab9 
pic.twitter.com/JfTOQzwAll — Shay Boloor (@StockSavvyShay) March 8, 2026 
Friday is more layered. The GDP release is not a fresh quarter, but the second 
estimate for Q4 2025. The advance estimate showed US growth slowing to a 1.4% 
annualized pace from 4.4% in Q3. As BEA wrote in the initial release, “Real 
gross domestic product increased at an annual rate of 1.4 percent in the 
fourth quarter of 2025. The contributors to the increase in real GDP in the 
fourth quarter were increases in consumer spending and investment. These 
movements were partly offset by decreases in government spending and exports.” 
Some market calendars look for a small upward revision to 1.5%. The bigger 
crypto-sensitive number may still be the delayed January PCE report, also due 
Friday. December headline PCE rose 0.4% month on month and 2.9% year on year, 
while core PCE rose 0.4% on the month and 3.0% on the year. Current previews 
for January point to headline PCE holding near 2.9% year on year, with core 
ticking up to around 3.1%. Bitcoin was trading around $67,409 on Monday, after 
dipping as low as $65,618 on Sunday. That leaves it squarely in macro 
territory. Currently, Bitcoin’s fortunes remain tied to broader risk appetite 
and the tech complex, while the Iran-driven oil surge has pushed yields and 
the dollar higher and dimmed hopes for near-term rate cuts. The immediate 
read-through is straightforward: if CPI and PCE come in firm while oil stays 
elevated, liquidity expectations likely deteriorate further and crypto remains 
under pressure. If the inflation data stay contained despite the war shock, 
bitcoin and the broader market may get room to reprice away from pure 
stagflation fear. At press time, the total crypto market cap was at $2.3 
trillion. Featured image created with DALL.E, chart from TradingView.com

Weekly Crypto Watchlist: Here’s What Will Be Crucial

A banking lobby group in the United States is considering legal action against 
the Office of the Comptroller of the Currency over the agency granting 
national trust bank charters to crypto firms. An unnamed source familiar with 
“the lobby’s thinking”…

US banking lobby weighs lawsuit against OCC over crypto trust bank charters

Bitcoin price is eyeing a technical breakout from an ascending parallel 
channel pattern as institutional demand returns for the bellwether asset. 
According to data from crypto.news, Bitcoin (BTC) price rose 4.2% in the past 
24 hours, trading at $70,197 at…

Bitcoin price eyes breakout from bullish channel as ETFs draw in over $1.3B

Robert Wright, an American author and journalist, has hinted at the 
involvement of artificial intelligence (AI) systems in the massacre of at 
least 165 schoolgirls bombed in Iran. He alleges that Claude, integrated in 
Maven, was likely used in the facilitation of the first wave of military 
targets. Journalist Hints at Claude’s Involvement in Strike […]

Analyst: AI Might Have Been Involved in Iranian Girl’s School Massacre

XRP price started a recovery wave above $1.350 but failed near $1.390. The 
price is now consolidating and might aim for a fresh move above $1.40. XRP 
price started a recovery wave above the $1.3750 zone. The price is now trading 
above $1.3720 and the 100-hourly Simple Moving Average. There is a bullish 
trend line forming with support at $1.3705 on the hourly chart of the XRP/USD 
pair (data source from Kraken). The pair could continue to move up if it 
settles above $1.40. XRP Price Faces Resistance XRP price remained supported 
above $1.3220 and started a recovery wave, like Bitcoin and Ethereum. The 
price was able to climb above $1.3350 and $1.350 to enter a short-term 
positive zone. There was also a move above the 23.6% Fib retracement level of 
the downward move from the $1.4739 swing high to the $1.3217 low. Besides, 
there is a bullish trend line forming with support at $1.3705 on the hourly 
chart of the XRP/USD pair. The bulls even pushed the price above $1.3850 but 
they struggled to keep the price above $1.3800. The price is now trading above 
$1.370 and the 100-hourly Simple Moving Average. If there is a fresh upward 
move, the price might face resistance near the $1.3880 level. The first major 
resistance is near the $1.3980 level or the 50% Fib retracement level of the 
downward move from the $1.4739 swing high to the $1.3217 low. A close above 
$1.3980 could send the price to $1.4120. The next hurdle sits at $1.420. A 
clear move above the $1.420 resistance might send the price toward the $1.450 
resistance. Any more gains might send the price toward the $1.4650 resistance. 
Another Drop? If XRP fails to clear the $1.3980 resistance zone, it could 
start a fresh decline. Initial support on the downside is near the $1.370 
level and the trend line. The next major support is near the $1.350 level. If 
there is a downside break and a close below the $1.350 level, the price might 
continue to decline toward $1.3360. The next major support sits near the 
$1.3220 zone, below which the price could continue lower toward $1.3050. 
Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in 
the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD 
is now above the 50 level. Major Support Levels – $1.3700 and $1.3500. Major 
Resistance Levels – $1.3980 and $1.4120.

Cryptocurrency price in SEK