{"id":95073,"date":"2026-03-10T10:22:37","date_gmt":"2026-03-10T07:22:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=95073"},"modified":"2026-03-10T12:15:18","modified_gmt":"2026-03-10T09:15:18","slug":"bitcoin-recovers-weekend-losses-tests-70000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-recovers-weekend-losses-tests-70000\/","title":{"rendered":"Bitcoin recovers weekend losses, tests $70,000"},"content":{"rendered":"

On 10 March, bitcoin rose above $70,000, clawing back the weekend\u2019s decline<\/a>.<\/p>\n

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Hourly chart of BTC\/USDT on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

The rebound coincided with oil slipping to $93 and a rise in equity indices. According to the market maker<\/a> Enflux, the cryptocurrency \u201ceasily weathered<\/a>\u201d high volatility in the commodities market. Through the turbulence, bitcoin held up noticeably better than traditional stocks.<\/p>\n

Institutional demand and ETFs<\/h2>\n

Inflows into the sector continue. Over the past week, investors put about $568 million into US spot bitcoin-ETFs<\/a>. Total inflows into these products have exceeded $55 billion.<\/p>\n

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Source: SoSoValue<\/a>.<\/figcaption><\/figure>\n

Crypto-market activity persisted despite weak US macro data. After figures showing a loss of 92,000 jobs<\/a>, investors began to pull money from the S&P 500. Global Settlement head Ryan Kirkley noted<\/a> that the bitcoin price dip offered institutions an attractive entry point.<\/p>\n

Analysts at Glassnode<\/a> also see stabilisation: demand for funds is rising and profitability is returning. On Polymarket, the probability of bitcoin reaching $75,000 by the end of March rose from 34% to 55%.<\/p>\n

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Source: Polymarket<\/a>.<\/figcaption><\/figure>\n

Altcoin dynamics<\/h2>\n

Large-cap tokens followed bitcoin higher. Ethereum cleared the psychological $2,000 mark, rising to $2,046 (+2.8% over 24 hours). FxPro analysts reckon the coin needs to hold above $2,500 to confirm a durable uptrend.<\/p>\n

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Source: CoinGecko<\/a>.<\/figcaption><\/figure>\n

Solana<\/a> rose 3.4% to $86.49. Despite the local uptick, the asset still trades 70.5% below<\/a> its all-time high of $293.31. With meme-token activity ebbing, the \u201cpeople\u2019s cryptocurrency\u201d has become more sensitive to the broader macro backdrop.<\/p>\n

Other top-10 coins also advanced:<\/p>\n