{"id":94951,"date":"2026-03-05T10:33:45","date_gmt":"2026-03-05T07:33:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94951"},"modified":"2026-03-06T10:34:40","modified_gmt":"2026-03-06T07:34:40","slug":"bitcoin-briefly-tops-74000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-briefly-tops-74000\/","title":{"rendered":"Bitcoin Briefly Tops $74,000"},"content":{"rendered":"<p>On March 4, the price of the leading cryptocurrency briefly exceeded $74,000, its first visit to that level in a month.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"661\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-f9d50bb33519d772-7912101373645718-1024x661.png\" alt=\"BTCUSDT_2026-03-05_09-13-49\" class=\"wp-image-276232\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-f9d50bb33519d772-7912101373645718-1024x661.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-f9d50bb33519d772-7912101373645718-300x194.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-f9d50bb33519d772-7912101373645718-768x496.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-f9d50bb33519d772-7912101373645718.png 1429w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly BTC\/USDT chart on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>At press time, bitcoin is trading near $72,090, up 6% over the past 24 hours.<\/p>\n<p>Ether rose 7.5% to $2,113. The token tested a local high above $2,200 before easing back.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"662\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-48b7e38a210e27d8-7912118762985820-1024x662.png\" alt=\"ETHUSDT_2026-03-05_09-18-02\" class=\"wp-image-276233\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-48b7e38a210e27d8-7912118762985820-1024x662.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-48b7e38a210e27d8-7912118762985820-300x194.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-48b7e38a210e27d8-7912118762985820-768x496.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-48b7e38a210e27d8-7912118762985820.png 1428w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly ETH\/USDT chart on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3AETHUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Among the top-50 assets, the day\u2019s leaders were <a href=\"https:\/\/forklog.com\/en\/news\/what-is-dogecoin-doge\">Dogecoin<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/the-illusion-of-succession\">Zcash<\/a>. DOGE added more than 8% to hold above $0.09. ZEC rose 9% to $235, recovering from February lows.<\/p>\n<p>K33 Research analysts <a href=\"https:\/\/forklog.com\/en\/news\/the-worst-is-over-k33-highlights-end-of-bitcoin-sell-off\">noted<\/a> the recent record oversold conditions for digital gold. They followed six straight weeks and five consecutive months of market declines.<\/p>\n<p>According to <a href=\"https:\/\/www.theblock.co\/post\/392304\/bitcoin-taps-74000-crypto-rally-lifts-dogecoin-zcash-coinbase-more\">Coin Bureau<\/a> co-founder Nick Pakrin, the recovery is supported by institutional demand:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cDuring the recent crisis, bitcoin outperformed the Nasdaq and S&amp;P 500 indices and gold. Such divergence is a positive signal.\u201d<\/em><\/p>\n<\/blockquote>\n<p>Pakrin noted that since March 2, net inflows into spot bitcoin-<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> have exceeded $680 million. Large investors are using the cryptocurrency to protect capital during geopolitical instability.<\/p>\n<p>Shares of crypto-linked companies also rose:<\/p>\n<ul class=\"wp-block-list\">\n<li>Coinbase climbed 15% to $210;<\/li>\n<li>Gemini shares bounced from lows below $6 and surged 34% to $8.70;<\/li>\n<li>Galaxy Digital rose nearly 18% to $24.40;<\/li>\n<li>shares of mining firms Bitfarms, IREN, American Bitcoin and Hut 8 added roughly 13% on the day.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Bears keep the upper hand<\/h2>\n<p>Despite guarded optimism, traders continue to hedge against drawdowns. Put-option premia exceed call premia by 10%, whereas in neutral conditions the gap typically stays within 6%. At the same time, demand for bullish bitcoin futures is stalling \u2014 their annualised basis has slipped below the 5% baseline.<\/p>\n<p>The pattern reflects investor caution after the early-February sell-off.<\/p>\n<p>According to Glassnode, 43% of bitcoin\u2019s circulating supply is in loss. At the end of January, the figure was 30%. Traders fear that as prices recover, investors will gradually sell into strength. That would create additional resistance and cap further gains.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"409\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-4a0f2661c4be5889-7912167318773130-1024x409.png\" alt=\"019cba85-d58a-79db-b4b3-842b36839d87\" class=\"wp-image-276234\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-4a0f2661c4be5889-7912167318773130-1024x409.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-4a0f2661c4be5889-7912167318773130-300x120.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-4a0f2661c4be5889-7912167318773130-768x306.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-4a0f2661c4be5889-7912167318773130-1536x613.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-4a0f2661c4be5889-7912167318773130.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/studio.glassnode.com\/dashboards\/asset-overview?a=BTC&#038;referrer=home_assets_table\">Glassnode<\/a>.<\/figcaption><\/figure>\n<p>Additional pressure comes from miners. The <span data-descr=\"miners' revenue adjusted for expended computing power\" class=\"old_tooltip\">hashprice<\/span> index has fallen to $30 per 1 TH\/s per day. Three months ago it stood at $39.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"606\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-7aaff5426aa0b31c-7912233140384967-1024x606.png\" alt=\"bitcoin-hashprice-index-20260305\" class=\"wp-image-276235\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-7aaff5426aa0b31c-7912233140384967-1024x606.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-7aaff5426aa0b31c-7912233140384967-300x178.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-7aaff5426aa0b31c-7912233140384967-768x455.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-7aaff5426aa0b31c-7912233140384967.png 1520w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/data.hashrateindex.com\/network-data\/bitcoin-hashprice-index\">Hashrate Index<\/a>.<\/figcaption><\/figure>\n<p>Mining profitability has slumped to record lows amid high electricity costs. Public companies are liquidating bitcoin reserves and <a href=\"https:\/\/forklog.com\/en\/news\/falling-revenues-push-bitcoin-miners-to-swap-crypto-treasuries-for-ai-infrastructure\">repurposing<\/a> capacity for artificial-intelligence computing.<\/p>\n<p>A key resistance area sits around $76,000. That is the average purchase price of bitcoin for the company Strategy, which <a href=\"https:\/\/forklog.com\/en\/news\/bitmine-amasses-3-7-of-ethereum-supply\">holds 720,737 BTC<\/a> on its balance sheet.<\/p>\n<p>Some market participants benefit from keeping prices below that threshold. A rise would allow Strategy to issue new shares to buy cryptocurrency without harming existing investors\u2019 capital.<\/p>\n<p>A return to January\u2019s $78,700 high may take longer than the market expects. A breakout above that mark would hand the initiative back to buyers.<\/p>\n<p>The <a href=\"https:\/\/forklog.com\/en\/news\/what-is-cryptos-fear-and-greed-index\">crypto sentiment index<\/a> rose from 10 to 22 points, yet still signals extreme fear.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-c4cfc65365a07fd7-7912264441517660.webp\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2026-03-05 102355\" class=\"wp-image-276236\"\/><figcaption class=\"wp-element-caption\">Crypto fear and greed index. Source: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Alternative<\/a>.<\/figcaption><\/figure>\n<p>At the start of March, VanEck chief Jan van Eck <a href=\"https:\/\/forklog.com\/en\/news\/vaneck-ceo-discusses-bitcoins-price-floor-formation\">said<\/a> the price of digital gold had approached a local bottom.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On March 4, bitcoin briefly traded above $74,000 for the first time in a month.<\/p>\n","protected":false},"author":1,"featured_media":94952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin briefly topped $74,000 for the first time in a month.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[20,480,1145],"class_list":["post-94951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-altcoins","tag-bitcoin-price","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"137","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin briefly topped $74,000 for the first time in a month.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=94951"}],"version-history":[{"count":2,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94951\/revisions"}],"predecessor-version":[{"id":94982,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94951\/revisions\/94982"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/94952"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=94951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=94951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=94951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}