The price of Bitcoin has risen above $70,000 as of Saturday, rebounding from a significant drawdown earlier in the month. This recovery has been facilitated by U.S. inflation data that was cooler than anticipated, fostering a renewed appetite for risk across various markets. The resurgence follows a challenging period characterized by billions in realized losses and ongoing investor apprehension.
At the time of reporting, Bitcoin was priced at approximately $70,215, marking an increase of around 2% over the preceding 24 hours, with daily trading volume nearing $43 billion. This upward movement positions the Bitcoin price just below its seven-day peak of $70,434, consequently elevating its global market capitalization above $1.4 trillion.
This recent upward trend follows January’s Consumer Price Index report, which indicated inflation rising by 2.4% year-over-year, slightly beneath the 2.5% forecast. The softer inflation reading has bolstered expectations that the Federal Reserve may initiate rate cuts sooner than previously thought—a shift that generally favors higher-beta assets such as cryptocurrencies.
In response to the evolving market sentiment, prediction markets reflected this change; traders on Kalshi heightened the implied odds of an April rate cut to 23%, while Polymarket also recorded a rise in pricing over the week.
Bitcoin Price Analysis and Related Equities
The rebound in Bitcoin’s price has also positively impacted crypto-linked equities. On Friday, Coinbase (COIN) experienced an 18% surge, while MicroStrategy (MSTR) saw a 10% increase as investors shifted back toward digital asset exposure.
This movement occurred despite Coinbase’s ongoing challenges within a difficult earnings landscape, which included a reported $666.7 million loss in Q4 2025, attributed to decreased trading revenue.
MicroStrategy remains closely aligned with Bitcoin’s volatility, reaffirming its long-term treasury strategy. The company announced another acquisition of over 1,100 BTC this week, despite reporting a steep quarterly loss largely driven by mark-to-market declines on its holdings, highlighting the balance sheet risks associated with its aggressive positioning.
The preceding months have posed significant challenges for Bitcoin, with prices sharply declining from an October peak exceeding $120,000 down into the mid-$60,000 range after a sustained multi-month downturn.
This sell-off intensified in early February, as Bitcoin fell below the crucial psychological threshold of $70,000.
Research firm K33 suggested that the decline toward $60,000 may represent a “local bottom,” citing capitulation-like conditions seen in trading volume, funding rates, options positioning, and ETF flows.
Nevertheless, the recent rally has not fully mitigated the underlying anxiety in the market. The Crypto Fear & Greed Index continues to reflect “extreme fear,” reminiscent of levels last observed during the 2022 bear market and the collapse of significant industry players.
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