Visa Joins Canton Network: A Game Changer Amid Bitcoin and Ether’s Slide!

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Ondo, canton sidestep macro concerns with institutional deals as <a href="https://pricpr.com/btc-usd/">bitcoin</a>, ether slide

What to know:

By Omkar Godbole (All times ET unless indicated otherwise)

Negative economic news continues to heavily influence the crypto market, much like it has throughout the past few weeks. However, positive developments that show wider use of blockchain technology can still attract investor interest.

Canton Network’s CC token has seen a strong increase, rising 7% in the last 24 hours. This makes it the second-best performing token among the top 100 by market value, trailing only Ondo Network’s ONDO token, which is up 9%.

Capital C’s recent success comes after Visa announced it would become a major validator on the Canton Network, strengthening the security and verification of transactions on the blockchain.

This is a significant step because it introduces a major payments company to a blockchain network designed to protect sensitive information. The network allows institutions to make transactions without revealing details to others on the blockchain.

Visa is working to bring blockchain technology that protects user privacy to banks and financial institutions globally, according to a recent announcement.

As an analyst covering digital asset adoption, I’m consistently hearing that privacy is a major hurdle for institutions. At the Consensus Hong Kong event in February, firms like JPMorgan, Abraxas, and B2C2 all stressed this point. They explained that large-scale institutional trading simply won’t happen on blockchains where sensitive financial details are publicly visible. They need privacy-focused infrastructure to feel comfortable transacting at scale.

ONDO is gaining momentum largely because it’s a leader in bringing real-world assets onto the blockchain. This was highlighted earlier this week with news of a partnership with Franklin Templeton to tokenize traditional investments.

Overall, the stock market is struggling because of global uncertainty and rising oil prices. This has led traders to anticipate an interest rate increase by the Federal Reserve in the next two weeks.

Bitcoin’s price decreased by over 3%, falling to $66,800. Other cryptocurrencies also saw losses, including ether and XRP. Solana’s SOL token experienced a sharper drop of over 5%, and the CoinDesk 20 Index, which tracks a basket of digital assets, fell by 3%.

According to Marex, renewed outflows from spot ETFs are weighing on bitcoin.

Analysts at Marex noted that significant money is flowing out of ETFs, which reduces buying pressure and could lead to sharper price declines.

Now that quarterly options trading has ended, the market will react more directly to major factors like oil prices, news about the war, interest rates, and overall investor confidence.

Investors might continue to be cautious, as interest rates on government bonds are increasing in many developed countries, including the U.S. and Japan. It’s important to be prepared for potential market changes.

What to Watch

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.

  • Crypto
    • Nothing scheduled.
  • Macro
    • March 27, 10:00 a.m.: U.S. Michigan Consumer Sentiment Final for March est. 55.5 (Prev. 56.6)
  • Earnings (Estimates based on FactSet data)
    • March 27: Sphere 3D (ANY), post-market, -$4.68
    • March 27: Bonk Inc (BNKK), post-market
    • March 27: Mawson Infrastructure Group (MIGI), post-market, -$10.40
    • March 27: ZeroStack (ZSTK), post-market, -$1.97

Token Events

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.

Conferences

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead”.

  • Day 5 of 7 Polish Blockchain Week (Warsaw)
  • Day 1 of 2: Penn Blockchain Conference 2026 (Pennsylvania)

Market Movements

  • BTC is down 6.13% from 4 p.m. ET Thursday at $66,329.42 (24hrs: -4.44%)
  • ETH is down 8.13% at $1,987.25 (24hrs: -4.27%)
  • CoinDesk 20 is down 3.34% at 1,909.22 (24hrs: -3.86%)
  • Ether CESR Composite Staking Rate is unchanged at 2.74%
  • BTC funding rate is at -0.0097% (-10.5930% annualized) on Binance

  • DXY is up 0.10% at 100.00
  • Gold futures are unchanged at $4,460.60
  • Silver futures are unchanged at $68.82
  • Nikkei 225 closed down 0.43% at 53,373.07
  • Hang Seng closed up 0.38% at 24,951.88
  • FTSE is down 0.69% at 9,902.97
  • Euro Stoxx 50 is down 1.39% at 5,488.69
  • DJIA closed on Thursday down 1.01% at 45,960.11
  • S&P 500 closed down 1.74% at 6,477.16
  • Nasdaq Composite closed down 2.38% at 21,408.08
  • S&P/TSX Composite closed down 1.53% at 31,887.52
  • S&P 40 Latin America closed up 0.44% at 3,481.68
  • U.S. 10-Year Treasury rate is up 9 bps at 4.42%
  • E-mini S&P 500 futures are down 0.51% at 6,492.00
  • E-mini Nasdaq-100 futures are down 0.71% at 23,624.25
  • E-mini Dow Jones Industrial Average Index are down 0.48% at 46,009.00

Bitcoin Stats

  • BTC Dominance: 58.49% (-0.61%)
  • Ether-bitcoin ratio: 0.02996 (0.07%)
  • Hashrate (seven-day moving average): 994 EH/s
  • Hashprice (spot): $31.97
  • Total fees: 2.37 BTC / $164,687
  • CME Futures Open Interest: 118,140 BTC
  • BTC priced in gold: 15.1 oz.
  • BTC vs gold market cap: 4.44%

Technical Analysis

  • The chart shows bitcoin’s daily price swings in candlestick format since July last year.
  • BTC has slipped to support of the trendline from Feb. 6 low, characterizing the price bounce within the broader downtrend.
  • Should the support give way, we could see a deeper selloff that could test dip demand around February lows near $60,000.
  • The latest pattern is similar to the one seen through December and January, which ended up deepening the selloff.

Crypto Equities

  • Coinbase Global (COIN): closed on Thursday at $173.38 (–4.26%), –1.72% at $170.39 in pre-market
  • Galaxy Digital (GLXY): closed at $19.61 (–8.06%), –1.33% at $19.35
  • MARA Holdings (MARA): closed at $8.58 (+3.62%), –0.58% at $8.53
  • Riot Platforms (RIOT): closed at $14.01 (–7.62%), –0.18% at $13.98
  • Core Scientific (CORZ): closed at $15.79 (–7.39%), –0.51% at $15.71
  • CleanSpark (CLSK): closed at $9.30 (–6.63%), –0.54% at $9.25
  • Exodus Movement (EXOD): closed at $6.85 (–6.04%)
  • CoinShares Bitcoin Miners ETF (WGMI): closed at $37.08 (–7.99%)
  • Circle Internet Group (CRCL): closed at $98.27 (–5.38%), –2.35% at $95.96
  • Bullish (BLSH): closed at $36.44 (–2.64%), –0.93% at $36.10

Crypto Treasury Companies

  • Strategy (MSTR): closed at $132.93 (–4.46%), –0.99% at $131.61
  • Strive Asset Management (ASST): closed at $10.41 (–4.06%), –1.15% at $10.29
  • SharpLink Gaming (SBET): closed at $6.53 (–10.30%), –0.61% at $6.49
  • Upexi (UPXI): closed at $1.07 (–10.08%), +1.87% at $1.09
  • Lite Strategy (LITS): closed at $1.16 (–3.33%)

ETF Flows

Spot BTC ETFs

  • Daily net flows: -$171.3 million
  • Cumulative net flows: $56.14 billion
  • Total BTC holdings ~1.29 million

Spot ETH ETFs

  • Daily net flows: -$92.5 million
  • Cumulative net flows: $11.6 billion
  • Total ETH holdings ~5.76 million

Read More

2026-03-27 14:57