BitMEX co-founder Arthur Hayes has highlighted Bitcoin's resilience and outperformance against traditional assets since geopolitical tensions escalated between the US and Iran on February 28. Hayes noted that Bitcoin's price has gained approximately 7% during this period, while gold fell by roughly 2% and the Nasdaq-100 slipped around 0.5%. CoinGecko data shows Bitcoin has surged past $70,000, with potential to reach $72,000 if bullish momentum holds.
Concurrently, significant attention is being drawn to the ongoing presale of DeepSnitch AI (DSNT), an AI-powered crypto surveillance platform. The project has raised over $2.14 million, and its token price has soared 191% to $0.04487 during the presale. The platform features live AI agents—Feed, Scan, Audit, Cast, GPT, and Explorer—that analyze data from thousands of sources to provide market insights. The presale is set to conclude on March 31, after which the token is expected to list on exchanges like Uniswap, with promoters suggesting potential for 300x to 1000x gains.
In other market developments, a bullish Ethereum price prediction for 2026 targets $8,500, partly driven by the recent launch of BlackRock's iShares Staked Ethereum ETF (ETHB), which saw $15.5 million in trading volume on its first day. Ethereum is currently trading above $2,100, with weekly and monthly gains of 3.2% and 9.8%, respectively.
Meanwhile, Wintermute, a global algorithmic liquidity provider, has commented on the challenging environment for Bitcoin miners. The firm suggests that miners who put their Bitcoin to work to generate yield, rather than holding it passively, will carry a structural advantage into the next halving. This comes as mining profitability dwindles, with some firms like MARA Holdings exploring pivots to AI hosting.
The news also covers Cardano (ADA), with analyst Dan Gambardello pointing out a chart pattern similar to the one that preceded ADA's 17,000% rally in the 2020-2021 bull market. ADA is currently trading at $0.26, up 3.33% for the week. Additionally, SIREN has risen 24.33% this week to $0.59 following a partnership announcement with WORLD3 to expand AI utilities on the BNB Chain.
