Bitcoin reclaimed US$70,000 (A$98,000), institutional ETF inflows hit US$1.56 billion for March, and the crypto market found its footing amid geopolitical uncertainty and tightening supply.
Bitcoin surged 7% overnight to US$73K, backed by heavy ETF inflows, a short squeeze, and rising odds of US regulatory clarity.
The total crypto market cap fell 1.87% to US$2.25T this week as geopolitical volatility and macro uncertainty weighed on sentiment, even as Bitcoin demonstrated resilience.
From a 50% drawdown to a sudden V-shaped recovery. Short sellers lost over US$500M in 24 hours as institutional buyers stepped back in, and altcoins led the rebound.
The weekly market close was red across the board. But on-chain signals show whale accumulation, and historic bottom indicators suggest this market is more interesting than the price action implies.
A volatile week for crypto, with ETF outflows, sovereign accumulation, a live debate on Bitcoin’s quantum risk, and BlackRock taking tokenised Treasuries into DeFi liquidity rails.