On March 28, 2026, crypto-exposed equities sank as a broader risk-asset sell-off intensified, with Coinbase (COIN) and Galaxy Digital (GLXY) down nearly 7% and Gemini (GEMI) off almost 9%. Bitcoin traded below $66,000 during the drop, while the report also cited about $17 trillion in market value erased from peak levels and warned quarter-end flows could add volatility through March 31.

On March 28, 2026, analysts said XRP’s market is not fully pricing in three developments: clearer SEC–CFTC classification, XRP Ledger upgrades, and RLUSD stablecoin growth. XRP was at $1.34, down about 28% over 90 days, while spot XRP ETFs were reported above $1 billion AUM and RLUSD reached a $1 billion market cap. Bitcoin hovered near $68,895 amid expectations for zero 2026 rate cuts and subdued whale activity.

From 23/03 to 28/03, Bitcoin fell below $87,000 mid-week and selling pressure spread across altcoins, leaving five tokens down 14%–21% over seven days. ether.fi (ETHFI) led losses at –21.46% to $0.4674, while Kite (KITE), Decred (DCR), Morpho (MORPHO), and Polkadot (DOT) also declined with several RSI readings near or under 30.

xStocks has partnered with Fundrise to tokenize the newly public, closed-end Fundrise Innovation Fund, which holds private-company stakes including Anthropic, Databricks and SpaceX. The tokenized product, VCXx, is expected to go live on xStocks in the coming days following a Friday announcement, after the fund recently began trading on the NYSE. The launch comes as tokenized equities surpassed $1 billion in total onchain value earlier this month, with RWA.xyz data showing Ondo at about 58% market share and xStocks-issued products at roughly 24%.

Analysts say Bitcoin is forming a bear-flag setup on price charts, a pattern that could extend downside if it confirms. With BTC trading around $66,000 and cited as down 47% from its peak, reports point to an initial target near $50,000 and a deeper level around $41,000 if selling pressure builds.

Ethereum's network mix is shifting, with L2 usage easing while liquidity remains centered on L1. February 2026 data shows the L2-to-L1 DAU ratio falling to 1.12, alongside about $163.3 billion in mainnet stablecoins and Ethereum's 58% share of the $16.5 billion RWA market.

Ethereum whale activity climbed sharply, with large-holder transactions rising from 123 on March 21 to 2,055 on March 24, a reported 1,500% jump. The count later cooled to about 239 transactions, while indicators cited in the report noted a bullish SuperTrend for the first time in 10 months and an MVRV move into a buy zone. Separately, Ethereum developers outlined a post-quantum security push, including a roadmap targeting quantum-resistant upgrades by 2029.

ENA fell by a double-digit percentage over the past 24 hours to $0.089 at press time as Ethena's protocol metrics continued to soften in Q1 2026. Gross Protocol Revenue declined to $65.06 million from $96.15 million in Q4 2025, while TVL was down about $130 million since early March 2026 to around $6.66 billion and roughly $16 million was unstaked in the last 24 hours. Spot flow data, however, showed about $303,000 of net inflows in 24 hours and around $3.41 million of cumulative buying over three days, suggesting ongoing accumulation.