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Bitcoin (BTC) is signaling a strong rebound as it reclaimed the $70,000 level, supported by easing geopolitical risks and inflows into spot exchange-traded funds (ETFs).
According to real-time data from CoinMarketCap on March 13 (local time), Bitcoin rose 1.2% from the previous day to $70,400.53, recapturing the $70,000 threshold. Bitcoin’s market capitalization stands at approximately $1.41 trillion, leading the overall cryptocurrency market higher. Although it underwent a 4.2% correction over the past week, 24-hour trading volume surged 23.4%, signaling a revival in market momentum.
The key drivers behind the market rebound are easing tensions in the Middle East and solid capital inflows into spot Bitcoin ETFs. In particular, peace-related remarks by U.S. President Donald Trump quickly restored investor appetite for risk assets. Meanwhile, spot Bitcoin ETFs recorded a net inflow of $115 million on Wednesday alone, providing strong downside support.
From a technical perspective, Bitcoin has exited oversold territory and entered a full-fledged recovery phase. The Relative Strength Index (RSI) rebounded from around 33, confirming the inflow of dip-buying demand, while the $68,500 level on the four-hour chart is acting as solid support. Bitcoin is currently consolidating as it attempts to break through resistance between $73,000 and $74,000.
Institutional accumulation is also notable. BlackRock’s iBIT recorded $115 million in net inflows in a single day, underscoring the resilience of institutional capital. Fidelity’s FBTC attracted $15 million in inflows, reinforcing the market’s optimistic outlook. As retail investor sentiment improves, large-scale institutional buying is tightening supply and increasing the likelihood of further gains.
Although Bitcoin remains about 44% below its all-time high of $126,198.07 recorded on October 7, 2025, it appears to be concluding its first-quarter correction and forming a new upward trend. Whether it can firmly hold above the $70,000 level is expected to be a key turning point for the market, with investors closely watching the potential breakout toward $80,000 if it sustains above $72,000.
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