Cryptocurrency Market Dips After Record Highs: What You Need to Know

Morgan Stanley says the U.S. equity rally should withstand rising Iran tensions so long as crude stays stable, a view that could matter for crypto if risk-on flows persist. A sharp, sustained oil spike remains the main threat to markets.

Rising tensions in Iran pushed global investors into cash, compressing demand for gold, bonds and stocks while volatility spiked. Cryptocurrencies including DASH saw muted flows as traders prioritized liquidity.

The CFTC has named David Miller as its new Director of Enforcement, reinforcing the agency’s oversight of digital-asset markets. The move comes as regulators intensify scrutiny of trading integrity and market misconduct.

A former Labour minister warned that foreign 'enemies of democracy' are using cryptocurrency donations to destabilise British politics, prompting renewed calls to ban such contributions. Critics argue anonymity and cross-border transfers complicate enforcement and threaten electoral integrity.

The ruling AK Party submitted a draft bill on March 2 proposing an income tax on cryptocurrency gains and a transaction levy on crypto asset service providers; the proposal could raise state revenue but increase costs for users and exchanges.