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10 Mar 2026, 05:10
Silver Forecast: XAG/USD Gains Ground Near $88.00, But Ominous Bearish Setup Suggests Further Downside
BitcoinWorld Silver Forecast: XAG/USD Gains Ground Near $88.00, But Ominous Bearish Setup Suggests Further Downside LONDON, March 2025 – The silver forecast presents a complex picture as the XAG/USD pair consolidates near the $88.00 level. Despite recent gains, a confluence of technical indicators on key charts is painting a concerning bearish picture, suggesting the potential for further downside in the coming sessions. This analysis delves into the price action, underlying market drivers, and the expert perspectives shaping the outlook for this volatile precious metal. Silver Forecast: Analyzing the Current XAG/USD Technical Landscape Market analysts are closely monitoring the XAG/USD chart patterns following its retreat from recent highs. The metal’s ability to hold above the $85.00 support zone provided a temporary floor, consequently allowing for a modest rebound toward $88.00. However, this upward movement appears corrective within a broader bearish structure. Crucially, the 50-day and 200-day simple moving averages are converging in a bearish formation, often signaling a potential shift in medium-term momentum. Furthermore, trading volume during the recent uptick has been notably subdued, indicating a lack of strong bullish conviction among institutional players. Several key resistance levels now cap the upside. The $90.00 psychological barrier, followed by the $92.50 region where previous swing highs reside, presents significant hurdles. A failure to decisively break above these levels could reinforce the bearish narrative. On the flip side, a break below the immediate support at $85.00 would likely trigger a test of the next major demand zone near $82.00, a level last seen in early 2025. Fundamental Drivers Impacting the Silver Price Outlook Beyond the charts, fundamental factors exert immense pressure on silver’s valuation. Firstly, the monetary policy trajectory of major central banks, particularly the Federal Reserve, remains a primary driver. Higher-for-longer interest rate expectations bolster the US Dollar, which typically exerts downward pressure on dollar-denominated commodities like silver . Secondly, industrial demand signals are mixed. While the global green energy transition supports long-term demand for silver in photovoltaic cells and electronics, recent manufacturing PMI data from major economies has shown signs of softening, potentially dampening short-term industrial consumption. Investor sentiment, as reflected in exchange-traded fund (ETF) flows, provides another critical data point. According to reports from the World Silver Council, global silver ETF holdings have seen net outflows over the past quarter, suggesting a reduction in speculative long positions. This trend often precedes or accompanies periods of price weakness. Meanwhile, physical demand from key markets like India and China has been seasonally strong but is insufficient to offset the broader macroeconomic headwinds. Expert Analysis and Market Sentiment Leading commodity strategists offer a cautious outlook. “The technical setup for silver is precarious,” notes Dr. Anya Sharma, Head of Commodities Research at Global Markets Insight. “The failure to reclaim the $90 handle on strong volume, combined with the bearish alignment on weekly momentum oscillators, points to a market that is vulnerable to a deeper correction. We are advising clients to watch the $85 support closely; a weekly close below could open the path toward $80.” This view is echoed by institutional trading desks. A recent report from a major investment bank highlighted that hedge funds have increased their net short positions in silver futures to the highest level in six months, a clear signal of professional bearish bias. However, some analysts point to silver’s historically high gold-to-silver ratio as a contrarian indicator, suggesting the white metal may be fundamentally undervalued relative to its peer, which could limit severe downside in the longer term. Comparative Performance and Historical Context Understanding silver’s current position requires context. The following table compares key metrics from its 2024 peak to current levels, illustrating the shift in dynamics: Metric Q4 2024 High Current Level (Mar 2025) Change XAG/USD Price $96.50 ~$88.00 -8.8% 50-Day SMA $91.20 $89.50 — RSI (14-Day) 68 (Overbought) 42 (Neutral) — ETF Holdings (Moz) 950 915 -3.7% Historically, silver exhibits greater volatility than gold. Periods of risk aversion often see it underperform initially, only to catch up sharply during broad commodity rallies. The current environment of moderating inflation but persistent geopolitical tensions creates a complex backdrop where silver struggles to find a clear directional catalyst, leaving it susceptible to technical selling pressure. Potential Scenarios and Key Levels to Watch Traders and investors should monitor several critical developments. The immediate bearish scenario would involve a breakdown below $85.00, targeting $82.00 and potentially $78.00. Conversely, a bullish reversal would require a sustained move above $90.00 with expanding volume, which could invalidate the current downtrend and aim for a retest of the $95.00 area. Key upcoming economic data releases that could impact this forecast include: US Consumer Price Index (CPI) and Producer Price Index (PPI) reports. Federal Open Market Committee (FOMC) meeting minutes and statements. Chinese industrial production and fixed asset investment data. Market participants are also watching real yields on US Treasury Inflation-Protected Securities (TIPS). Rising real yields increase the opportunity cost of holding non-yielding assets like silver, thereby applying downward pressure. Conclusion In conclusion, the near-term silver forecast remains challenged despite the XAG/USD pair finding temporary footing near $88.00. The predominant technical evidence, coupled with a strengthening US Dollar and cautious investor sentiment, constructs a bearish setup that suggests further downside risk is probable. While long-term fundamentals related to industrial and green energy demand remain supportive, the short-to-medium-term path appears to favor sellers unless key resistance levels are convincingly breached. Market participants should prioritize risk management and closely observe the reaction at the identified support and resistance zones for the next directional cue. FAQs Q1: What does the bearish setup for XAG/USD primarily consist of? The bearish setup is primarily technical, featuring a failure to break key resistance ($90-92.50) on strong volume, a potential bearish crossover of moving averages, and momentum indicators like the Relative Strength Index (RSI) suggesting a lack of bullish strength. These chart patterns indicate selling pressure may resume. Q2: Why does a strong US Dollar typically hurt the silver price? Silver is globally priced in US Dollars. When the dollar strengthens, it becomes more expensive for holders of other currencies to buy silver, which can reduce international demand and put downward pressure on the XAG/USD price. Q3: What is the significance of the gold-to-silver ratio mentioned in the analysis? The gold-to-silver ratio measures how many ounces of silver it takes to buy one ounce of gold. A historically high ratio, as seen currently, can indicate that silver is undervalued relative to gold. Some analysts view this as a long-term bullish signal for silver, though it does not preclude short-term declines. Q4: What key support level could trigger a steeper decline in silver? A sustained break below the $85.00 per ounce support level is widely viewed as a critical bearish trigger. Such a move could open the path for a decline toward the next major support zones around $82.00 and potentially $78.00. Q5: Are there any fundamental factors that could support silver prices despite the bearish technicals? Yes, potential supportive factors include a sudden dovish shift from the Federal Reserve, a sharp spike in geopolitical tensions boosting safe-haven demand, or stronger-than-expected industrial demand data, particularly from the solar panel manufacturing sector. This post Silver Forecast: XAG/USD Gains Ground Near $88.00, But Ominous Bearish Setup Suggests Further Downside first appeared on BitcoinWorld .
10 Mar 2026, 05:08
Dogecoin (DOGE) Bounce Weakens, Downtrend Risks Return Quickly
Dogecoin started a recovery wave above the $0.090 zone against the US Dollar. DOGE is now facing hurdles near $0.0930 and might struggle to continue higher. DOGE price started a recovery wave from $0.0860 and climbed above $0.090. The price is trading above the $0.090 level and the 100-hourly simple moving average. There is a rising channel forming with support at $0.0904 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it stays above $0.090. Dogecoin Price Hits Resistance Dogecoin price started a recovery wave from the $0.0860 zone, like Bitcoin and Ethereum . DOGE climbed above the $0.0880 and $0.090 resistance levels. There was a decent upward move above the 23.6% Fib retracement level of the downward move from the $0.1043 swing high to the $0.0859 low. However, the bears remained active near the $0.0925 zone. Besides, there is a rising channel forming with support at $0.0904 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.090 level and the 100-hourly simple moving average. If there is another recovery wave, immediate resistance on the upside is near the $0.0930 level. The first major resistance for the bulls could be near the $0.0950 level or the 50% Fib retracement level of the downward move from the $0.1043 swing high to the $0.0859 low. The next major resistance is near the $0.0972 level. A close above the $0.0972 resistance might send the price toward the $0.1020 resistance. Any more gains might send the price toward the $0.1050 level. The next major stop for the bulls might be $0.1120. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.0930 level, it could continue to move down. Initial support on the downside is near the $0.0905 level. The next major support is near the $0.090 level. The main support sits at $0.0884. If there is a downside break below the $0.0884 support, the price could decline further. In the stated case, the price might slide toward the $0.0860 level or even $0.0835 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.0900 and $0.0884. Major Resistance Levels – $0.0950 and $0.0972.
10 Mar 2026, 04:55
Strategic Move: Bitmine Deposits $8.74M in Ethereum to Coinbase Prime Amid Market Watch
BitcoinWorld Strategic Move: Bitmine Deposits $8.74M in Ethereum to Coinbase Prime Amid Market Watch In a significant blockchain transaction today, cryptocurrency firm Bitmine executed a substantial transfer of 4,308 Ethereum (ETH), valued at approximately $8.74 million, to the institutional platform Coinbase Prime. This latest deposit forms part of a broader strategic movement, bringing the company’s total daily transfers to a noteworthy $19.49 million. Consequently, market analysts and institutional observers are closely monitoring these developments for potential implications on liquidity and market sentiment. Bitmine’s Ethereum Transfer to Coinbase Prime Blockchain analytics provider Onchain Lens reported the transaction, which occurred earlier today. According to verifiable on-chain data, Bitmine moved the funds from one of its known digital wallets directly to an address associated with Coinbase Prime’s custody services. This platform specifically caters to institutional clients, offering enhanced security, trading, and custody solutions. Therefore, the movement suggests a deliberate institutional strategy rather than a routine retail transaction. Today’s activity represents a continuation of Bitmine’s operational pattern. In total, the entity has transferred 9,608 ETH to Coinbase Prime within a single 24-hour period. When calculated at prevailing market rates, this equates to a combined value of $19.49 million. Such a volume naturally attracts attention from market participants who track whale movements for signals about potential price direction or corporate strategy. Transaction Metric Details Latest Transfer 4,308 ETH ($8.74M) Total Daily Volume 9,608 ETH ($19.49M) Destination Coinbase Prime Source Bitmine (BMNR) Reporting Entity Onchain Lens Context and Market Implications of Large ETH Moves Large-scale transfers from corporate entities to major exchanges like Coinbase often prompt analysis regarding their intent. Generally, these movements can precede several actions. For instance, they may indicate preparations for: Liquidity Provision: Facilitating large over-the-counter (OTC) trades or providing market-making capital. Corporate Treasury Management: Rebalancing assets, securing funds for operational expenses, or converting to fiat currency. Staking or Earning Yield: Utilizing exchange-based staking services to generate passive income on Ethereum holdings. Collateralization: Using the assets as collateral for loans or other financial instruments within the exchange ecosystem. Historically, substantial inflows to exchange wallets can sometimes signal a potential increase in selling pressure, as assets become more readily available for market orders. However, transfers to Coinbase Prime, an institutional gateway, frequently correlate with custody or institutional trading activity that may not immediately impact retail spot markets. Accordingly, analysts caution against drawing direct price impact conclusions without further context. Expert Analysis on Institutional Blockchain Behavior Industry observers emphasize the importance of transparency in these transactions. The very nature of public blockchains like Ethereum allows firms like Onchain Lens to track and report such movements, providing a layer of market intelligence. This visibility is a double-edged sword; it fosters trust through transparency but can also lead to short-term speculative reactions. Furthermore, the choice of Coinbase Prime is itself a data point. This platform is designed for high-net-worth individuals, hedge funds, and corporate treasuries, suggesting Bitmine’s operations are engaging with sophisticated financial infrastructure. The timing of this activity is also noteworthy. It occurs within a broader macroeconomic and regulatory landscape for digital assets. As such, corporate entities are increasingly demonstrating more structured and visible treasury management practices. Movements of this scale are often planned and executed as part of a longer-term financial strategy, rather than as a reaction to momentary market fluctuations. Consequently, they may reflect confidence in the underlying exchange’s security and services, or a strategic shift in how the firm manages its digital asset portfolio. Understanding the Broader Ecosystem Impact To fully grasp the significance, one must consider the role of major custodians. Platforms like Coinbase Prime act as critical gateways between traditional finance and the digital asset world. They provide the security, compliance, and liquidity infrastructure that large players require. Therefore, a growing volume of assets flowing into these platforms can be interpreted as a sign of institutional maturation within the cryptocurrency sector. It indicates that significant value is being managed through regulated, professional channels. For market participants, these flows contribute to key metrics such as exchange net flow . Analysts monitor whether more assets are moving onto exchanges (potential selling pressure) or off exchanges (potential holding sentiment). While today’s data shows an inflow, its destination within the Prime service means it may not be destined for the immediate open market. This distinction is crucial for accurate market analysis. Additionally, the activity highlights the evolving tools for blockchain surveillance, which provide real-time data that was unavailable just a few years ago, fundamentally changing how market intelligence is gathered. Conclusion Bitmine’s deposit of $8.74 million in Ethereum to Coinbase Prime, culminating in a $19.49 million daily total, represents a notable event in the institutional cryptocurrency landscape. This transaction underscores the ongoing integration of large-scale digital asset management with professional financial infrastructure. While the specific strategic rationale behind Bitmine’s move remains known only to the company, the visible on-chain activity provides a clear example of how corporate entities are actively managing substantial blockchain-based treasuries. As the sector evolves, such transparent, high-value transfers will likely continue to serve as key indicators of institutional behavior and market sophistication. FAQs Q1: What is Coinbase Prime? Coinbase Prime is a specialized trading and custody platform offered by Coinbase, designed specifically for institutional investors such as hedge funds, asset managers, and corporate treasuries. It provides enhanced security features, dedicated client service, and advanced trading tools. Q2: Why would a company like Bitmine move ETH to an exchange? A company might transfer Ethereum to an exchange for several reasons, including securing assets in institutional-grade custody, preparing for a large trade (potentially OTC), converting to fiat currency for operational needs, staking to earn yield, or using the assets as collateral for financial services. Q3: Does a large deposit to an exchange always mean the price will drop? Not necessarily. While large inflows can increase readily available supply, transfers to institutional platforms like Coinbase Prime are often for custody or OTC trading, which may not directly impact the public order books. Market impact depends on the holder’s subsequent actions. Q4: How do we know about this transaction? The Ethereum blockchain is public and transparent. Analytics firms like Onchain Lens use software to track wallet addresses associated with known entities. They can see the amount, timestamp, and destination of transactions, which they then report. Q5: What is Bitmine (BMNR)? Bitmine is a cryptocurrency and blockchain technology company. While specific public details may vary, such entities are typically involved in areas like digital asset mining, investment, trading, or providing blockchain infrastructure services. This post Strategic Move: Bitmine Deposits $8.74M in Ethereum to Coinbase Prime Amid Market Watch first appeared on BitcoinWorld .
10 Mar 2026, 04:54
SUI Price Surges to $0.95 as Energy Market Stabilization Supports Risk Assets
SUI price prolongs its consolidation within a narrow range of bearish pennant pattern, preparing its next breakout in daily chart. Cooling oil prices helped ease inflation concerns, improving sentiment toward risk assets like cryptocurrencies. SUI’s TVL remains sluggish around the $560 mark suggesting a lack of capital flow into the network DeFi service. SUI, the native cryptocurrency of the SUI blockchain, jumped roughly 7% on Monday to currently exchange hands at $0.937. The buying pressure aligns with Bitcoin as macroeconomic tension eased in the broader market following oil’s sharp reversal from its all-time high. While the investor’s interest towards risky assets is gradually growing, the sluggish derivative trading and DeFI activity signals risk of prolonged correction. SUI Attempts Breakout While Derivatives Interest Shrinks On March 9th, the SUI price surged roughly 7% to reach its current trading value of $0.95. Simultaneously, the asset market cap reached $3.67 billion and the 24-hours trading volume is $628.8 million, accounting for a 78% surge since yesterday. This rally coincides with a stabilization in the energy market; after an initial spike, falling oil prices have eased immediate inflationary fears, boosting sentiment for risk-on assets like cryptocurrency. Sui’s token value is currently in a tight consolidation period, seemingly building strength for its potential breakout. However, activity tied to perpetual futures contracts has remained notably subdued, reflecting timid or reduced participation from leveraged traders. Recent numbers from Coinglass show that open interest for SUI futures contracts has dropped $955 million in early January to between $450-$465 million in early March 2026, registering a 51% reduction. This contraction is pointing to a meaningful retreat of speculative capital from the derivatives segment in the last two months. On the network side, total value locked (TVL) across Sui’s DeFi protocols has remained sluggish around the $560-$645 million range for over a month now, with only minimum fluctuations noted in the latest data points across sources such as DefiLlama. This stability in locked capital implies the continued but controlled application and liquidity supply in the ecosystem within this timeframe. Together, these metrics show a phase of low momentum and cautious positioning across leverage and core network economics, limiting the growth potential of SUI price. SUI Price Test Range Breakout From Pennant Pattern Over the past month, the SUI price has been consolidating within two converging trendlines of an inverted pennant pattern. The chart setup consists of a downsloping trendline indicating prevailing downtrend followed by a short-consolidation to rebuild its momentum for the next breakout. With today’s market jump, the SUI price currently trades at $0.947 nearing a bullish breakout from ongoing sideways trend. A flip of the overhead resistance into potential support will bolster buyers to sufficient support to drive a recovery to $1.16, followed by $1.32. However, the declining trendline of daily EMAs (20, 50, 100, and 200) suggest that broader trend remains bearish and paths to least resistance are down. If the supply pressure at $0.98 persists, the coin price could revert and breach the bottom trendline at $0.86. SUI/USDT -1d Chart A bearish breakdown from triangle support could bolster a prolonged correction below $0.8. Also Read: HYPE Rallies 13% as Hyperliquid Sees Massive Spike in Oil and Silver Trading
10 Mar 2026, 04:30
Australian Dollar Struggles: Key Pressure Mounts After China’s Trade Data Reveal
BitcoinWorld Australian Dollar Struggles: Key Pressure Mounts After China’s Trade Data Reveal The Australian Dollar (AUD) faced sustained selling pressure in Asian trading sessions this week, a direct reaction to the latest trade balance figures released by China, its largest trading partner. This development, observed on March 12, 2025, underscores the profound and immediate sensitivity of the commodity-linked currency to economic signals from Beijing. Australian Dollar Reacts to China’s Trade Balance Data China’s General Administration of Customs reported a trade surplus that fell short of market expectations. Consequently, the Australian Dollar extended its losses against major counterparts, particularly the US Dollar (AUD/USD). Market participants swiftly interpreted the data as a potential indicator of softening external demand for Chinese goods. This matters critically for Australia because China is the dominant buyer of its key exports, including iron ore, liquefied natural gas (LNG), and coal. Furthermore, the data revealed a sharper-than-anticipated decline in import volumes. Analysts immediately noted this as a bearish signal for Australian export revenues. The currency market’s reaction was both rapid and logical. A weaker import figure from China suggests reduced demand for the raw materials that form the backbone of Australia’s export economy. Therefore, the Australian Dollar’s subdued stance reflects a recalibration of growth and trade flow expectations. The Fundamental AUD-China Economic Link The relationship between the Australian economy and Chinese demand is arguably one of the most defined in global finance. For decades, China’s infrastructure-led growth has fueled voracious demand for Australian resources. This symbiosis has directly tethered the Australian Dollar’s valuation to Chinese economic health. Key export commodities create a tangible transmission channel for economic data. Iron Ore: Accounts for approximately 20% of Australia’s total export value. China purchases roughly 80% of Australia’s iron ore exports. LNG and Thermal Coal: Together represent another significant portion of export income, heavily reliant on Asian, and specifically Chinese, energy demand. When Chinese trade data weakens, it implies potential future reductions in orders for these commodities. Futures markets for iron ore, for instance, often show price movements in tandem with Chinese macroeconomic releases. This creates a double impact on the AUD: through direct trade flow expectations and via the global prices of the commodities themselves. Expert Analysis on Currency Sensitivity Financial institutions consistently monitor this dynamic. “The AUD acts as a liquid proxy for Chinese economic sentiment,” noted a senior currency strategist at a major bank in Singapore, referencing a common market perspective. “Trade balance numbers offer a timely snapshot of external and internal demand. A miss, especially on imports, triggers an almost algorithmic sell-off in the Aussie as algorithms and traders price in lower terms of trade.” This analysis highlights the automated and deeply ingrained nature of the reaction within trading systems. Historical data supports this pattern. Previous episodes of disappointing Chinese trade figures, particularly during periods of global economic uncertainty, have consistently precipitated declines in the AUD/USD pair. The correlation coefficient between Chinese import growth and AUD valuation remains significantly positive over medium-term horizons. Broader Market Context and Competing Forces While the China data provided a clear negative impulse, analysts were quick to contextualize the move within broader market conditions. The US Dollar’s own strength, driven by relative interest rate expectations between the US Federal Reserve and the Reserve Bank of Australia (RBA), also played a role. However, the timing and acceleration of the AUD’s decline aligned precisely with the data release, isolating it as the primary catalyst. Domestic Australian data released in the same week, including business confidence surveys, failed to offset the negative impulse from abroad. This underscores the overwhelming weight of external, particularly Chinese, factors for the currency in the short term. The table below summarizes the key data points influencing the AUD: Factor Effect on AUD Notes China Trade Balance (Weaker Imports) Negative Direct demand signal for Australian exports. Iron Ore Futures Prices Positive/Negative Often moves concurrently with China data. US Dollar Strength (DXY Index) Negative Broad USD moves amplify AUD/USD moves. RBA vs. Fed Interest Rate Outlook Variable Longer-term driver currently favoring USD. Technical and Trader Positioning Outlook From a chart perspective, the decline pushed the AUD/USD pair toward key technical support levels watched by quantitative funds and retail traders alike. A sustained break below these levels, analysts warn, could trigger further automated selling. Meanwhile, market sentiment gauges showed a rapid shift towards net-short positions on the Australian Dollar in the futures market following the data release. This adjustment in positioning can create self-reinforcing momentum in the short term. However, some value-oriented investors viewed the dip as a potential buying opportunity, citing Australia’s strong fiscal position and the long-term necessity of its resources in the global energy transition. This dichotomy sets the stage for potential volatility. Conclusion The Australian Dollar’s subdued performance following China’s trade data is a textbook example of macroeconomic interdependence in currency markets. The reaction validates the continued primacy of Chinese demand as the fundamental price driver for the AUD. While domestic factors and global risk sentiment contribute, this episode reaffirms that significant deviations in Chinese economic indicators, particularly trade figures, will likely remain a key source of volatility for the Australian Dollar. Traders and investors must continue to prioritize Chinese data in their analysis of AUD currency pairs. FAQs Q1: Why does the Australian Dollar fall when China’s trade data is weak? The Australian Dollar falls because weak Chinese trade data, especially imports, signals potentially lower future demand for Australia’s major commodity exports like iron ore and LNG, threatening Australia’s export income and economic growth. Q2: What specific part of China’s trade balance most affects the AUD? The import component is most closely watched. A decline in the value or volume of Chinese imports suggests softening domestic demand and reduced need for raw materials, which directly impacts Australian exporters. Q3: Does this trade data impact other currencies besides the AUD? Yes, but typically to a lesser extent. Commodity-linked currencies like the New Zealand Dollar (NZD) and the Canadian Dollar (CAD) can also feel ripple effects. Currencies of other major exporters to China, like those in Southeast Asia, may also see impacts. Q4: How quickly do currency markets react to this data? Reaction is virtually instantaneous. High-frequency trading algorithms and forex traders execute orders within milliseconds of the data release, often causing the most significant price move in the first few minutes of trading after the announcement. Q5: Could strong Australian domestic data override weak Chinese data for the AUD? In the short-term immediate reaction, usually not. Chinese data often dominates the narrative. However, over a longer period, consistently strong Australian data (like inflation or employment) that shifts interest rate expectations could offset persistent negative Chinese signals. This post Australian Dollar Struggles: Key Pressure Mounts After China’s Trade Data Reveal first appeared on BitcoinWorld .
10 Mar 2026, 04:29
Bitcoin rebounds to $70K, Strategy (MSTR) buys $1.28B BTC
Bitcoin climbed back above the $70,000 level on Tuesday during East Asia trading hours, recovering from a weekend selloff as geopolitical tensions and volatility in energy markets rattled global financial assets. The largest cryptocurrency briefly fell to around $65,000 over the weekend as investors reacted to rising oil prices and escalating conflict in the Middle East. Prices later stabilized in the mid-$60,000 range before rebounding as markets adjusted to the geopolitical developments. The move higher came as crude oil volatility eased after a surge driven by fears of supply disruptions linked to the Strait of Hormuz. Bitcoin initially declined alongside risk assets during the shock but recovered relatively quickly compared with other markets. Market participants said the cryptocurrency showed resilience during the period of heightened uncertainty. “Bitcoin dipped below 66k during the initial risk-off wave yet quickly stabilized back in the 66k to 68k range,” market maker Enflux said in a note to CoinDesk. “In relative terms, it held up better than equities and even some traditional hedges.” Institutional demand remains supportive Institutional investment flows have continued to provide support for the digital asset despite recent volatility. US-listed spot Bitcoin exchange-traded funds recorded approximately $568 million in net inflows last week, following $787 million in the previous week, according to data from SoSoValue. The inflows pushed cumulative net investments across the ETF products above $55 billion. According to CoinGlass's data, BTC ETFs received $167.1 million of inflow on Monday. Blockchain analytics firm Glassnode said broader market conditions were stabilizing but noted that investor conviction remained limited. “Overall, conditions are stabilizing, with momentum, ETF demand, and profitability metrics improving modestly,” analysts at Glassnode wrote in a report. “However, capital flows remain soft, speculative participation is limited, and broader conviction has yet to fully return.” Prediction markets also turned more optimistic as Bitcoin recovered. On Polymarket, the probability that Bitcoin could reach $75,000 in March rose to around 56% from roughly 34% a day earlier. Broader crypto market joins rally Bitcoin’s rebound came alongside a wider recovery across digital assets after US President Donald Trump said he expects the conflict with Iran to end soon. “We’re ahead of our initial timeline by a lot,” Trump said during a press conference in Florida. The broader cryptocurrency market rose about 2.7% in the past 24 hours to nearly $2.37 trillion, triggering roughly $353.19 million in liquidations, according to data from CoinGlass. Short positions accounted for about $195.33 million of the total. Bitcoin itself rose 3.71% during the period to around $69,655 after reaching above $70,000 earlier in the session. Altcoins also participated in the rally. Solana gained about 4.7% to roughly $86, while Ethereum climbed 4.5% to move above $2,000. Binance Coin increased around 4.1% to about $644, while Cardano rose roughly 4% to $0.26. XRP advanced nearly 3% to around $1.29. Tron was the only cryptocurrency among the top ten by market capitalization to decline, slipping about 1.3% to roughly $0.28. Strategy adds to Bitcoin holdings Corporate demand for Bitcoin also strengthened as Strategy (previously known as Microstrategy), the largest corporate holder of the cryptocurrency, disclosed a major purchase. The company acquired 17,994 Bitcoins between March 2 and March 8 for a total cost of $1.28 billion, according to a securities filing. The purchase price averaged $70,946 per token. Following the acquisition, Strategy’s total holdings rose to 738,731 Bitcoins purchased at an average price of $75,862. Company chairman Michael Saylor signaled the update with a post on social media over the weekend. “The Second Century Begins,” Saylor wrote. Despite its continued buying strategy, Strategy has faced scrutiny over its large exposure to Bitcoin. Earlier this year the company reported a fourth-quarter net loss of $12.4 billion , compared with a $670.8 million loss a year earlier. The latest results included a $17.4 billion unrealized fair-value loss on its digital asset holdings under accounting rules requiring companies to value cryptocurrencies at current market prices. Even so, the company has continued to expand its Bitcoin treasury as institutional interest in the digital asset grows. The post Bitcoin rebounds to $70K, Strategy (MSTR) buys $1.28B BTC appeared first on Invezz
