{"id":94837,"date":"2026-03-02T14:30:48","date_gmt":"2026-03-02T11:30:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94837"},"modified":"2026-03-02T14:35:59","modified_gmt":"2026-03-02T11:35:59","slug":"bitcoin-holds-steady-despite-asian-market-decline-and-rising-oil-prices","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-holds-steady-despite-asian-market-decline-and-rising-oil-prices\/","title":{"rendered":"Bitcoin Holds Steady Despite Asian Market Decline and Rising Oil Prices"},"content":{"rendered":"

The leading cryptocurrency lost 0.3% over the day, trading at around $66,666. Asian stock indices fell, while oil prices surged amid macroeconomic uncertainty.<\/p>\n

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15-minute BTC\/USDT chart on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

Over the weekend, Bitcoin’s price fluctuated between $63,000 and $66,000. Analysts noted the segment’s resilience: the 24\/7 trading nature allowed investors to manage risks promptly while traditional markets were closed.<\/p>\n

Dominic John from Kronos Research emphasized<\/a> that cryptocurrencies quickly regained positions after local dips. CoinEx’s chief analyst Jeff Ko added that Bitcoin remained around $66,000 even amid stock sell-offs in Asia. He believes the market viewed the price surge as a temporary phenomenon rather than a signal for a prolonged decline.<\/p>\n

Macroeconomic Pressure: Indices and Oil<\/h2>\n

Traditional markets opened in the red after the weekend. Japan’s Nikkei 225 index lost about 2.5%, while the broader Topix fell nearly 3%. Hong Kong’s Hang Seng and Singapore’s Straits Times dropped by approximately 2%.<\/p>\n

Meanwhile, Brent crude rose<\/a> by more than 8.38% to $78.9 per barrel. Gold increased<\/a> by 2.05% to $5386.<\/p>\n

Presto Research’s Rick Maeda identified oil as a key conduit of macro shocks for the crypto industry. In his view, if the price per barrel stabilizes above $90, it will heighten inflation expectations and strengthen the dollar. This would reduce liquidity, causing cryptocurrencies to react more sharply.<\/p>\n

The market avoided cascading liquidations and destabilization of stablecoins<\/a>. The uninterrupted operation of futures platforms like Hyperliquid<\/a> helped the market absorb the shock in real-time.<\/p>\n

Traders will continue to monitor oil prices, U.S. Treasury yields, and inflation.\u00a0<\/p>\n

Whether the volatility increase is temporary or markets face long-term liquidity tightening will become clear soon.<\/p>\n

Crypto Market Resilience<\/h2>\n

Analysts at QCP Capital noted<\/a> the return of crypto market quotes to previous levels. Due to sharp price swings, algorithms liquidated long positions worth about $300 million. Experts described the volume of closures as moderate compared to the large-scale deleveraging in early February.\u00a0<\/p>\n

The low liquidation figures indicate that traders had preemptively reduced risks. Bitcoin’s role as a “weekend hedge” is gradually shifting to tokenized gold. It also trades 24\/7 and attracts capital during periods of instability.<\/p>\n

Derivative metrics also confirm market stability. A brief spike in expected volatility to 93% was lower than last week’s values at similar price levels.<\/p>\n

Market participants were prepared for sharp movements, according to QCP. Analysts saw signs of a repeat of last June’s scenario: Bitcoin fell below $100,000 over the weekend, recovered on Monday, and set a new high at $123,000 weeks later.<\/p>\n

Expectations of Major Capital<\/h2>\n

Despite the local dip, major players are betting on long-term growth. Significant purchases of March call options were recorded on February 28:<\/p>\n