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Quick market read from this story
Bitcoin reached $71,490, recovering nearly 10% after dropping to $63,000 following geopolitical tensions
Bitcoin spot ETFs saw $1.45 billion in inflows over the past five trading days, reversing a significant drawdown
Analyst sentiment suggests the Bitcoin bear phase may be over, with potential upside towards $90,000 if key resistance is broken
Exchange deposit volumes are low, indicating a potential exhaustion of sell-side pressure.
Deep Dive
Despite a volatile geopolitical climate and falling traditional assets like stocks and silver, Bitcoin has shown resilience, recently reaching $71,490. This behavior deviates from typical risk asset performance, especially following US and Israeli strikes on Iran, which initially caused Bitcoin to dip near $63,000 before recovering approximately 10%.
Analyst Michaël van de Poppe suggests that Bitcoin has established higher lows, indicating an upward trend and the end of its bear phase. This perspective comes after Bitcoin experienced five consecutive months of losses, its worst streak since the 2018 bear market.
Market maker Enflux attributes Bitcoin's recovery to the market pricing out immediate catastrophic outcomes from the geopolitical escalation. Short-covering began as the situation did not immediately devolve into a wider regional conflict. Bitcoin spot ETFs, which had seen significant outflows totaling $8.9 billion during the correction, have since attracted $1.45 billion in the past five trading days. BlackRock's IBIT is leading this recovery with $882 million in weekly inflows. Data from CryptoQuant indicates low exchange deposit volumes, suggesting diminishing sell-side pressure.
Bloomberg ETF analyst Eric Balchunas noted the impressive breadth and depth of the recovery, especially after a 50% drawdown with most investors underwater.
Bitcoin is approaching a critical resistance zone between $74,373 and $76,341, where the EMA50 and SMA50 converge on the daily chart. This area has previously acted as a barrier to price increases since October 2025. A decisive break above this zone could pave the way for $90,000, while failure might lead to a return below $60,000. The Relative Strength Index (RSI) is currently at 54, just above neutral, indicating a general 'Buy' signal technically, though the SMA50 at $76,341 still suggests 'Sell'.
Altcoins are also showing positive movement, with Ethereum up 6.77%, Solana 7.88%, and XRP 5.26% on the day. The current altcoin season index is 32 out of 100, indicating that the market is still in a 'Bitcoin Season' territory. Polymarket data suggests a 74% probability that Bitcoin will reach $75,000 this month, aligning with the technical resistance zone.
The coming two weeks are expected to be crucial in determining whether this recovery signifies the start of a new uptrend or a temporary relief rally before further declines.
Source, catalyst, and sector overlap from the latest feed.
Kraken Financial is the first crypto firm to obtain a Federal Reserve master account. Direct access to Fedwire allows for dollar settlements without intermediary banks. This integration enhances Kraken's institutional credibility and transaction efficiency. The development signifies a step towards integrating digital assets with traditional finance.
Tether Investments made a $1.5 billion investment in Eight Sleep. The investment aims to advance AI-driven health technology and sleep optimization. Tether's QVAC architecture will be integrated into Eight Sleep products.
Bitcoin price surged above $71,000 driven by five consecutive days of spot Bitcoin ETF inflows. Binance buy-to-sell ratio reached 1.18, the highest this year, indicating strong buying pressure. Trading volumes exceeded $1 billion per hour, supporting Bitcoin's upward price movement. Continued inflows and buying pressure suggest potential for further short-term gains.
Total crypto market capitalization surpassed $2.4 trillion following a rapid rebound. Bitcoin surged past $71,000, gaining 5% in five hours, driven by short liquidations and declining selling pressure. Ethereum rose above $2,050, and XRP traded near $1.40 as the rally extended to major altcoins. Improved macroeconomic sentiment, including Fed comments on interest rates, supported risk asset inflows.
Coinbase CEO Brian Armstrong cites stronger crypto foundations including faster settlements and institutional adoption. Bitcoin price surged over 6% to $71,000 amid geopolitical tensions and strong ETF inflows. Spot Bitcoin ETFs recorded over $1 billion in weekly inflows. Market resilience is noted despite geopolitical fears and volatile price swings.
XRP price shows potential breakout from symmetrical triangle targeting $1.95. Spot XRP ETFs recorded $7.53 million in net inflows on Tuesday, marking five consecutive days of net inflows. Cumulative XRP ETF inflows reach nearly $1.25 billion with AUM at $1 billion. Analysts suggest a weekly close above the 200-week EMA and $1.55 could shift momentum.
XRP Ledger payment volume decreased by 70% after a 400% surge. The decline is attributed to normalization after a spike in large internal transfers, not network weakness. XRP price is consolidating around $1.40, showing cautious stabilization. Recovery above $1.45-$1.50 resistance is key for further upside.
Bitcoin reached a one-month high, surpassing $71,000, driven by geopolitical stability hopes and potential US regulatory clarity. The Clarity Act, aimed at legalizing stablecoins, is speculated to be nearing passage, potentially benefiting altcoins. Bitcoin's oversold condition prior to recent geopolitical events has likely revived investor interest, including institutional inflows into spot ETFs. Traders anticipate continued volatility, especially if the Strait of Hormuz remains disrupted, impacting oil prices.
NEAR Protocol price has risen 18% in 24 hours, completing the cup formation of a cup and handle pattern. A breakout above $1.44 could trigger a 75% rally towards $2.11-$2.53, but shorts are increasing. Derivatives data shows open interest surged to $174 million with a negative funding rate, indicating bearish sentiment among leverage traders. Hidden bearish divergence on RSI suggests potential weakness or a pullback, contrasting with the bullish chart pattern.
Iranians moved $10.3M in Bitcoin from exchanges to self-custody wallets amid geopolitical stress. Bitcoin price surged nearly 7% in 24 hours and 9% in 7 days, outperforming traditional markets. Spot Bitcoin ETFs saw $1.45B in net inflows over five trading days ending March 2, with another $225M on March 3. Taker Buy Sell Ratio on Binance reached 1.18, indicating stronger buy-side pressure in derivatives markets.
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CFTC eyes April approval for bringing true perpetual futures onshore to the US. Potential approval could shift significant derivatives volume from offshore to US-regulated venues. Onshore perps aim to improve US price discovery, risk management, and reduce counterparty concentration. Broader scenario suggests US derivatives volume could reach $8.5-12.8 billion daily if scalability is achieved.
Key Takeaways Ripple CEO Brad Garlinghouse puts 90% odds on the CLARITY Act passing by end of April 2026 The […] The post Ripple CEO Brad Garlinghouse: Banks Are Holding Crypto Regulation Hostage – And the White House Is Done Waiting appeared first on Coindoo.
Kraken's banking unit secured Federal Reserve master account access. This grants direct access to the Fed's core payment systems. The account has limitations, similar to the Fed's 'skinny' master account proposal. This move improves fiat deposit and withdrawal efficiency for digital asset markets.
SpaceX valuation reaches $1.75 trillion driven by Starlink expansion and launch dominance. Routine Starlink satellite launches reinforce SpaceX's position in the space-internet market. Reusability of Falcon 9 boosters significantly reduces marginal launch costs. Risks include regulatory scrutiny, competition, and capital intensity for future Starship development.
Dogecoin trades at $0.09227 amid bearish pressure. But MACD is shifting, and a Morning Doji Star pattern hints at a potential DOGE reversal toward $0.80.
Kraken is the first crypto firm to gain direct access to Federal Reserve payment rails. This integration allows for direct fiat settlement, reducing reliance on intermediary banks. The move signifies a structural shift towards deeper integration between crypto and traditional finance. This precedent could influence regulatory approaches and pave the way for other crypto platforms.
Morgan Stanley filed a prospectus for a proposed Bitcoin Trust ETF. BNY Mellon and Coinbase Custody will provide custody services for the ETF. The ETF will directly hold Bitcoin and use CoinDesk Bitcoin Benchmark for NAV calculation. Custody insurance exists but may not cover all potential losses.
Bitcoin price jumped over 5% to around $72,000 on Wednesday. Technical analysis suggests a symmetrical triangle breakout could target $80,000 in March. An unfilled CME futures gap exists between $79,660 and $81,210, acting as a potential magnet. Polymarket odds show increased conviction for Bitcoin reaching $80,000 in March.
Bitcoin surpassed $71,000, triggering $433 million in liquidations. Rally driven by positioning resets, lower post-halving supply elasticity, and improving liquidity expectations. Geopolitical escalation could reverse gains; containment may fuel further upside. Analysts suggest sustainability hinges on liquidity and geopolitical risks, with mixed outlooks on continued upside.
Kraken Financial is the first crypto company to receive a master account from the US Federal Reserve. This grants Kraken direct access to the Fed's payment systems, moving money on the same rails as banks. The approval signifies a potentially softer regulatory tone from the Fed towards the crypto industry. Kraken's banking unit does not receive full banking privileges like interest on reserves.
Bitcoin reached a one-month high of $71,800, approaching previous resistance near $72,000. Rally driven by increased demand for haven assets amid escalating Middle East conflict. Gold and silver also saw significant gains, indicating a broader risk-off sentiment shift. Altcoins, particularly lower-market-cap tokens like KITE, AERO, and TAO, outperformed majors with double-digit gains.
Nobitex, Iran's largest crypto exchange, showed no signs of user-driven capital flight post-strike. TRM Labs attributes spike in Nobitex wallet activity to routine liquidity management, not panic withdrawals. Chainalysis reported $10.3 million in digital assets left Iranian exchanges between Feb. 28 and March 2. Hourly outflows from Iranian exchanges briefly surged over 873% higher than the 2026 average.
Signal context only. Validate with price action, liquidity, and risk limits before taking a position.
