Invest ideasNews
12 Mar 2026, 12:02
Bitcoin Price Today: BTC Holds $70K as $350M Crypto Wiped Out
Bitcoin is trading around $70,500 today , with bulls once again defending the psychologically important $70K level after several failed pushes above the mid‑$71K area. Recent daily data shows BTC ranging roughly between $69,300 and $70,300, underscoring how the market is consolidating in a tight band rather than trending strongly in either direction. Despite being far off its October 2025 all‑time high above $120K, Bitcoin has now spent multiple sessions holding this high‑$60K to low‑$70K zone, suggesting that dip buyers are still willing to step in on tests of support. Sentiment, however, remains fragile. Market snapshots over the last couple of days have described conditions as “extreme fear”, with traders scarred by earlier drawdowns and quick to de‑risk whenever BTC spikes toward resistance. That mix: solid spot support but cautious positioning, helps explain why Bitcoin keeps holding $70K but struggles to extend gains much beyond it. Liquidations: Leverage Gets Punished Around $70K Under the surface, derivatives data from this week show that over‑leveraged traders are still getting punished in both directions. A recent daily market overview highlighted that more than 80,000 traders were liquidated within 24 hours, with total forced closures in the $250M-$350M range across Bitcoin, Ethereum and major altcoins. Longs have been particularly vulnerable: aggressive buyers chasing breakouts above $70K-$71K keep getting flushed out when BTC snaps back into the range. At the same time, late shorts aren’t safe either. Sharp intraday bounces from the $69K area have triggered pain for bears who bet on a clean break lower, adding to the churn. This “ping‑pong” liquidation pattern is typical in a market where spot flows are relatively modest but leverage remains high: price doesn’t choose a clear direction, it simply moves far enough to trip stops and margin calls on both sides. Ethereum and Altcoins: Following BTC’s Lead Ethereum has been holding in the low‑$2,000s, generally tracking Bitcoin’s range‑bound behavior. While ETH’s on‑chain activity remains strong, network usage and smart‑contract interactions have been near cycle highs, its price continues to lag, with the asset still well below prior peaks even as BTC stabilizes near $70K. Derivatives data show meaningful ETH liquidations alongside BTC whenever volatility picks up, although dollar totals are smaller given ETH’s lower market cap. Altcoins have mostly traded as beta plays on Bitcoin: when BTC wicks below $70K, mid‑caps and small‑caps typically overshoot to the downside, and when BTC bounces back toward $71K, many alts see short‑lived relief rallies that quickly fade. Recent flow analyses noted that capital remains selective, with only a few narratives (AI, L2s, and certain DeFi names) attracting sustained interest while the broader altcoin basket underperforms.
12 Mar 2026, 12:01
Soaring Oil Prices Tighten the Squeeze on Bitcoin
Bitcoin struggles near $70,000 as rising oil prices trigger fresh market turbulence. Long-term holders remain resilient, with institutional buying still evident in Bitcoin markets. Continue Reading: Soaring Oil Prices Tighten the Squeeze on Bitcoin The post Soaring Oil Prices Tighten the Squeeze on Bitcoin appeared first on COINTURK NEWS .
12 Mar 2026, 12:01
130 Million ADA Sold by Cardano Whales in Past Week, Analyst Reports
Recent analytics report shows that Cardano whales have sold or reshuffled a mammoth 130 million ADA coins.
12 Mar 2026, 12:00
Metaplanet’s new VC arm bets $2.5mln on Japan’s stablecoin issuer – Details
The venture arm invested $2.5M in Japan's key stablecoin player JPYC Inc.
12 Mar 2026, 12:00
Bitcoin May Still Fall Under $10,000, Bloomberg’s McGlone Warns
Bloomberg Intelligence senior commodity strategist Mike McGlone said bitcoin could still fall back toward and potentially below the $10,000 area, arguing that crypto remains trapped in a broader macro unwind tied to deflationary pressure, overstretched risk assets and what he described as excess across the digital-asset complex. Speaking in an interview with EllioTrades, McGlone reiterated a call he first revived when bitcoin was above $100,000: that the market could again “lop off a zero.” This time, he framed the thesis less as a pure crypto-cycle forecast and more as a macro view on what happens when speculative assets begin to roll over together. The Thesis For $10,000 Bitcoin McGlone’s core argument was that bitcoin is no longer trading as a detached alternative asset. In his telling, it has been absorbed into the same cross-asset risk regime as equities, commodities and broader liquidity conditions. “Bitcoin was one in 2009 and now there’s 37 million cryptocurrencies,” he said. “Bitcoin was one. So limited supply. But this space led the way up in risk assets… Now they’re leading the way lower.” Related Reading: Arthur Hayes Says He Wouldn’t Buy Bitcoin Yet: Wait For This He tied that view to what he sees as a post-inflation deflationary phase, with bond markets, not crypto, likely to be the next relative winners. McGlone said the sharp move in energy, metals and crypto volatility has not yet fully spilled into equities, but expects that to change. His base case is that stock-market volatility rises materially from still-subdued levels, triggering a deeper correction in both equities and digital assets. That, in turn, underpins his bitcoin target. McGlone said he is not identifying $10,000 as a precise cycle low so much as the most important long-duration trading zone in the asset’s history from 2019-2020. “If you look at the highest most widely traded price in Bitcoin since 2020, maybe even going out to 2019, it’s 10,000 or lower and has a history of fluctuating around 10,000,” he said. “So my premise is we’re going back to that level.” The strategist was especially blunt about the rest of the sector. He argued that stablecoins are the only clear structural winners inside crypto because they “track something physical,” namely the dollar and Treasury-based collateral. Everything else, he suggested, depends largely on speculative belief. He pointed to the massive growth of Tether and broader crypto-dollar supply as evidence that the base layer of the ecosystem is increasing dollar demand, not appreciation in volatile tokens. Related Reading: Bitcoin ‘Sandwiched’ Between Two Key Zones As Price Tops $71,000 – Major Move Ahead? McGlone also said the speculative excess of 2024 and 2025, amplified by memecoins, ETFs and post-election enthusiasm around Donald Trump, may have marked a durable top for the broader asset class. “The bottom line is these risk assets have to prove me wrong,” he said. “Otherwise, I see us navigating and riding a bear market in equities, a bull market in volatility that’s barely getting started.” EllioTrades pushed back on both the magnitude of the bitcoin call and the idea that crypto is effectively “dead,” arguing that Bitcoin could still reassert itself as a debasement hedge and that stablecoin-based agentic commerce, privacy use cases and a post-washout class of surviving projects could support a future recovery. He also argued that, while many tokens may still go to zero, the surviving tokens of the market may follow a familiar purge-and-rebirth pattern seen in earlier cycles. McGlone did not rule out that crypto eventually finds a bottom. But his message was that the market is not there yet. For now, he said, bitcoin and the wider complex are still behaving like risk assets in a bear phase and until equities correct more meaningfully and stay down for a while, rallies should be treated with caution rather than as proof that the cycle has turned. At press time, Bitcoin traded at $69,890. Featured image created with DALL.E, chart from TradingView.com
12 Mar 2026, 12:00
BlackRock debuts staked ether ETF as demand grows for yield in crypto funds
The BlackRock’s iShares Staked Ethereum Trust ETF (ETHB) lets investors earn staking rewards alongside spot ETH exposure.
