Bitcoin (BTC) climbed to the $70,000 level following February’s sharp correction, marking its strongest recovery attempt since the Feb. 5 drop. After approaching this key threshold, BTC pulled back toward the $68,000 range. The roughly 5% intraday swing highlighted $70,000 as a significant resistance level.
In contrast, altcoins showed stronger momentum. Ethereum (ETH) gained more than 8%, while Solana (SOL) and Cardano (ADA) posted even sharper increases. Bitcoin’s relatively modest advance compared to these assets suggested that investors were rotating into higher-volatility tokens, reflecting a short-term improvement in risk sentiment.
However, the broader macro backdrop remains cautious. Global technology stocks have yet to establish a sustained rally, and stagnant stablecoin supply continues to limit liquidity conditions across the crypto market. Analysts warn that a break below $60,000 could intensify selling pressure, indicating that stronger liquidity flows are needed for the current rebound to evolve into a lasting uptrend.
