Bitcoin Tests $70k Support as USDC Flips Tether and Altcoins Bleed

Mt Pelerin has enhanced its referral program with a new incentive structure. **What's New:** - New users who sign up through a referral link receive CHF 1,000 (or equivalent) in free trading volume - The bonus can be used to buy, swap, or cash out crypto - The welcome gift is automatically applied when signing up via a personal referral link This update builds on Mt Pelerin's existing referral system, which previously offered cashback rewards for both referrers and new users. [Start inviting users](https://www.mtpelerin.com/invite)

**Bitcoin hits major supply milestone** Bitcoin has mined its 20,000,000th coin, leaving only 1 million BTC remaining until the 21 million hard cap is reached. This represents 95% of total supply now in circulation. **Key market developments:** - Ethereum faces a paradox of record network usage while price performance lags behind - Tokenized stocks surge to $1 billion market cap, marking a 2,900% increase year-over-year - USDC stablecoin approaches its all-time high market capitalization - Oracle malfunction causes $27 million in liquidations on Aave lending protocol The 20 million coin milestone underscores Bitcoin's deflationary monetary policy, with mining rewards continuing to halve approximately every four years. [Read full analysis](https://www.mtpelerin.com/crypto-market-news/153)

Mt Pelerin has released their latest weekly crypto market review for March 16, 2026. **Available in Multiple Languages:** - [French version](https://www.mtpelerin.com/fr/news-du-marche-crypto/153) - [German version](https://www.mtpelerin.com/de/neues-aus-der-kryptowelt/153) This continues their regular series of market updates, following previous editions from March 10 and March 3. [Subscribe to receive weekly market reviews](https://ml.mtpelerin.com/subscription/form) directly in your inbox.

A recent Bitcoin price crash has prompted analysis of the underlying mechanisms and broader market effects. **Key Areas Examined:** - The technical and market factors that triggered the price decline - Impact on Bitcoin miners and their operations - Effects on Bitcoin ETF performance and flows - Changes to overall market structure This follows previous market stress where gold outperformed Bitcoin as capital sought safer assets. The analysis provides insight into how the crash unfolded and its ripple effects across the crypto ecosystem. [Read the full market review](https://www.mtpelerin.com/crypto-market-news/150)

**Mt Pelerin has launched personal crypto IBANs** that bridge traditional banking with self-custody wallets. **For individuals:** - Receive salary payments directly in crypto - Get bank transfers from friends, family, PayPal, Wise - Pay rent, bills, and major purchases using crypto **For businesses:** - Receive client payments straight into wallets - Pay employee salaries using crypto - Handle supplier payments with digital assets The service works like a traditional bank account but maintains **self-custody** of funds. Users can receive fiat transfers that automatically convert to crypto in their wallets, or spend crypto for fiat payments. This eliminates the typical crypto-to-fiat conversion delays when paying bills or making large purchases. [Get your IBAN now](http://www.mtpelerin.com)