Bitcoin (BTC) price stays calm while other markets panic. Key levels to watch: Crypto Daybook Americas
Bitcoin remained steady around $68,000 as oil prices surged and traditional markets panicked, holding within a key $60k-$75k range.Summary
On March 9, 2026, Bitcoin (BTC) and the broader crypto market showed resilience, trading around $68,000 despite an oil price surge above $100, which rattled Asian markets and caused U.S. stock futures to drop. This calm contrasts sharply with traditional markets, where volatility indexes for equity, oil, and gold have spiked, indicating panic. Bitcoin's stability is attributed to earlier outperformance of U.S. equities and its oversold status, reflected in a steady 30-day implied volatility index (BVIV) around 60%. However, market makers are positioned as "short gamma" at the $60,000 and $75,000 levels; if BTC moves outside this range, dealer rebalancing could exacerbate volatility. The article also notes market movements, including significant drops in global indices like the Nikkei 225 and FTSE 100, and details on upcoming crypto governance votes and token events.
(Source：CoinDesk)