🚀 Bitcoin is back above $74,000
🟠 BTC continues to recover after the recent correction. Over the last day, the price has increased by about 3.7% and rose to $74,330.
📊 The growth was supported by other major crypto assets:
🔹 Ethereum +7.4% — around $2,268
🔹 XRP +5.3% — approximately $1.48
🔹 Solana +5.9% — around $93.6
💰 The main driver is the influx of money into spot BTC ETFs.
From March 9 to 15, investors invested about $767 million in such funds. This increased demand in the market.
📉 Additional momentum was given by:
⚡ liquidations of short positions
🐋 accumulation of BTC by major investors
⛏ limited supply after the halving
🌍 Geopolitics also plays its role.
Tensions between the United States and Iran increase uncertainty in the markets. Amid the risk of closing the Strait of Hormuz, oil is holding around $98 per barrel.
🪙 In such conditions, Bitcoin reinforces its status as "digital gold" again.
📊 Key levels:
🔹 support: $70,000 – $71,000
🔹 consolidation above $74,000 may open the way to $80,000
🐳 It is worth noting a large purchase: on March 9, MicroStrategy acquired 17,994 BTC.
👀 The market is starting to come alive — the only question is whether this growth will be the beginning of a new impulse or if it is just a sustainable bounce.