Altcoins News
By Dan Saada
1 / 15
Bitcoin smashed through $72,000 yesterday. The surge came as Iran tensions ratcheted up across global markets, catching plenty of traders off guard who expected crypto to tank…
2 / 15
March 13 marked a pretty wild day for digital assets. While traditional markets wobbled under geopolitical pressure, Bitcoin basically shrugged off the chaos and kept climbing.
3 / 15
Sarah Klein from Crypto Insights watched the action unfold from her trading desk. "Crossing $72,000 amid such tensions is a statement," she told reporters yesterday.
4 / 15
The volume numbers back up her theory. Binance and Coinbase both reported massive spikes in trading activity throughout the day.
5 / 15
But skeptics aren't buying the hype yet.
6 / 15
Economist John Mitchell keeps warning about Bitcoin's wild swings. "While it's impressive now, Bitcoin's past performance shows it can be unpredictable," he said yesterday.
7 / 15
BlackRock dropped a bombshell report on March 12 that probably helped fuel yesterday's rally.
8 / 15
Chicago Mercantile Exchange futures told their own story. CME reported a 15% jump in Bitcoin futures contracts compared to last week.
9 / 15
Mark Cuban jumped on social media to celebrate Bitcoin's performance. "Bitcoin at $72,000 shows its strength.
10 / 15
JPMorgan analysts weren't ready to celebrate just yet. Their March 12 note warned investors to stay careful despite Bitcoin's impressive run.
11 / 15
Goldman Sachs released their own analysis yesterday that painted Bitcoin in a more positive light.
12 / 15
Pantera Capital made some aggressive moves during the rally. CEO Dan Morehead said his hedge fund increased Bitcoin holdings ahead of traditional market volatility.
13 / 15
Square's Cash App saw Bitcoin transaction volume surge 20% last quarter according to their latest earnings report.
14 / 15
Regulatory silence from Washington adds another layer of uncertainty. The SEC hasn't commented on whether Bitcoin's rally changes their approach to crypto oversight.
15 / 15
Bitcoin closed yesterday at $72,150, up roughly 6% from Monday's levels. Trading volume remained elevated into the evening session as Asian markets opened.
The Currency Analytics
Want the full story?