Bitcoin has climbed back above $70,000 after weeks of volatile trading, easing some selling pressure while overall liquidity and sentiment remain fragile. CryptoQuant data shows spot Bitcoin ETF holders sit below an estimated average cost near $79,000, implying unrealized losses despite the rebound. The recent correction triggered about $8.9 billion in ETF value drawdowns and more than 42,000 BTC outflows from BlackRock's IBIT, though outflows have recently slowed.

Bitcoin has climbed from support near $67,500–$68,800 to trade above $70,000 and the 100-hour simple moving average, with a recent high at $74,062. The price now consolidates below resistance around $72,800–$73,500, while key support levels sit at $72,200, $72,000, $70,000 and $68,000. A sustained move above $73,500 could open the way toward $74,000–$77,200, whereas a drop under $70,000–$68,000 may signal a deeper correction.

On March 5, 2026, Morgan Stanley disclosed in an amended SEC filing that Coinbase Custody and BNY Mellon will serve as custodians for its proposed Morgan Stanley Bitcoin Trust, a spot Bitcoin ETF. The structure lets investors buy shares tracking Bitcoin's market price instead of holding the cryptocurrency directly, while BNY Mellon also takes on administrator, transfer agent, and cash custodian roles. This move highlights how a major U.S. bank is expanding its branded digital asset products as demand for regulated Bitcoin ETFs continues to grow.

The United States Senate is preparing to vote on President Donald Trump's nomination of Kevin Warsh as the next Federal Reserve chair, succeeding Jerome Powell when his term ends in May. Bitcoin has climbed to a four-week high and is approaching resistance near $70,000, while options markets show a notable premium for put contracts over calls as traders weigh Warsh's crypto-friendly remarks against his reputation for hawkish monetary policy.

Bitcoin recently climbed to a four-week high after rebounding 22% from a local bottom near $60,000, but derivatives pricing and on-chain data show traders still prefer downside protection. About 43% of the circulating supply is at a loss and major corporate holders face an average cost basis around $76,000, creating psychological and structural resistance below the prior $78,700 monthly close. Weak miner profitability and growing AI-related energy competition are adding further selling pressure that could slow any move higher.

Bitcoin rose about 8% on Wednesday to trade above $73,000, after spending roughly three weeks capped in the $64,000–$70,000 range. Analysts say profit-taking near $70,000 must ease and support around the 200-week EMA at $68,000 and the $70,000 zone must hold for BTC to target the next resistance near $75,000.

On 4 March 2026, Bitcoin briefly neared $74,000, trading around $73,651 after gaining more than 7% in 24 hours, while the broader crypto market value moved past $2.5 trillion. Major altcoins also advanced, with Ethereum close to $2,177 and Solana above $92, even as key sentiment gauges continued to signal extreme fear.

From February 28, when Donald Trump authorized Operation Epic Fury’s first strikes, bitcoin has risen 12.1% from $65,492 to $73,419 while crude oil climbed 10.4% and gold fell 3%. Over the same four-day window, silver dropped 10.2%, the S&P 500 slipped 0.1%, and Nvidia gained 2.8%, leaving BTC as the standout performer among large assets during the opening days of the US-Israel war with Iran.