Will March 2026 end ‘crypto winter’?

Even though the drop over the past week for Bitcoin may look negative, the month of March wasn’t too bad. At this moment, the tally stands at a very small negative for Bitcoin in the month of March, and with only a few days left before the end, it looks like a long period of large monthly declines for the largest digital currency may finally end with a slightly better score. Did the Iran war also bring the end of ‘crypto winter’?

March

Crypto winter officially set in in January 2026. After a new all-time high of $126,000 was achieved in early October 2025, three months of declines followed, which accelerated in January.

February brought panic selling when $58,000 was suddenly touched, and it seemed as though we would go even lower.

However, the war in Iran brought about a turnaround, and during the first weeks of the conflict in March, Bitcoin actually rose, reaching a maximum price of $74,000.

At that same moment, the price of gold fell and virtually all major stock exchanges around the world headed lower as well. For a moment there, it seemed as if Bitcoin was the new ‘safe haven’.

However, because the Strait of Hormuz is still blocked, we are once again facing a very low Bitcoin price of $65,000, a trend that does not seem to be improving now that the conflict is lasting longer than the US government had expected.