Bitcoin avoided a fresh breakdown around major geopolitical events in the 
Middle East, with BTC price targets now including $74,000 next.

Bitcoin traders eye Iran reactions as oil sparks US 5% inflation forecast

In this week&#8217;s edition of the weekly recap, Bitcoin fell to $63,062 before 
recovering following explosive strikes in Tehran amid U.S.-Israel operations 
and Iranian retaliatory missiles. In other prominent news, federal authorities 
arrested Goliath Ventures founder Christopher Alexander Delgado on…

Bitcoin drops to $63K on Iran strikes, Goliath Ventures CEO arrested for $328M fraud, MetaMask card launches nationwide | Weekly recap

The Bitcoin market recorded another week of volatile price action, but 
continues to consolidate a defined range between $60,000 &#8211; $70,000. Bearish 
sentiments remain at a heightened level, considering the downtrend observed in 
recent months and the non-confirmation of a cycle bottom. Notably, recent on- 
chain data has revealed the importance of a particular support level, which, 
if breached, could expose investors to steeper downsides and extend the crypto 
winter. Related Reading: Bitcoin Has Officially Entered Bearish Territory, And 
It’s Headed To $35,000; Chart Shows URPD Indicator Shows Fragile Market Set-Up 
&#8211; Details In an X post on February 27, market analyst Ali Martinez shared 
insights from Bitcoin’s UTXO Realized Price Distribution (URPD), highlighting 
a thin demand zone below the $63,111 price region. The URPD metric, which 
tracks how much of the existing Bitcoin supply moved at price levels, shows a 
significant concentration of coins around the $63,000 range, suggesting strong 
holder positioning at this level. However, the data also reveals that below 
$63,111, supply density drops considerably until the next major accumulation 
cluster at approximately $46,702. This “air pocket” in realized supply 
indicates that if BTC decisively loses the $63,111 support, price action could 
accelerate to the downside due to the absence of strong cost-basis support in 
the interim zone. Beyond $46,702, Martinez identifies $41,653 and $37,867 as 
additional key support levels, where a notable amount of Bitcoin last changed 
hands. These levels represent significant holder cost bases and may act as 
demand zones should bearish pressure intensify. The structure observed on the 
URPD chart suggests a delicate market set-up, where Bitcoin is currently 
hovering above a critical support cluster. A breakdown below $63,111 could 
trigger renewed selling pressure, potentially pushing several classes of 
investors further into unrealized losses and increasing the risk of 
capitulation. Related Reading: How High Will The Dogecoin Price Be If Bitcoin 
Reaches $200,000? Bitcoin Price Overview At the time of writing, Bitcoin 
trades at $66,677, reflecting a modest 1.15% gain in the last 24 hours. 
Despite this slight rebound, underlying sentiment suggests that panic may be 
gradually creeping into the market structure. According to the classic market 
cycle psychology model shared by Martinez, Bitcoin appears to be transitioning 
from anxiety and denial toward a more fragile phase where confidence weakens 
and volatility increases. While the modest daily gain offers temporary relief, 
the broader psychological landscape indicates that the market is gradually 
entering panic mode, suggesting an impending emotional sell-off by investors 
that would force prices to lower bands. With a market cap of $1.33 trillion, 
Bitcoin continues to rank as the largest digital asset and the 13th largest 
asset in the world. Featured image from Getty Images/Unsplash, chart from 
Tradingview

Here’s Why Bitcoin Must Hold Crucial Support At $63,111 – Analyst

Bitcoin miners are back to business as usual after last month’s Arctic blast 
iced operations across the U.S., and the network’s hashrate has clawed its way 
back above the 1 zettahash per second (ZH/s) mark. Even so, mining revenue is 
painfully lean to start March at under $30 per petahash per second (PH/s), and 
difficulty […]

Bitcoin Miners Power Back Above 1 Zettahash — But Profits Hover Near Historic Lows

Ethereum users may soon interact with the blockchain in ways that were not 
possible before. According to co-founder Vitalik Buterin, native smart 
accounts — a feature that has been in the works for over a decade — are now 
expected to arrive within the year as part of the network&#8217;s upcoming Hegota 
upgrade. Related Reading: Bitcoin In The Line Of Fire: Price Dips To $63k As 
US, Israel Launch Strikes On Iran Privacy Tools Stand To Benefit Most For 
privacy-focused users, this shift could matter more than most people realize. 
Protocols like Railgun have long depended on middlemen called &#8220;public 
broadcasters&#8221; to push transactions through. These go-betweens have been a 
persistent source of headaches for users. Reports say Buterin wants to remove 
them entirely by replacing that system with a general-purpose public memory 
pool — cutting out the intermediary and putting more control directly in the 
hands of the user. His words were direct: &#8220;Intermediary minimization is a core 
principle of non-ugly cypherpunk Ethereum — maximize what you can do even if 
all the world&#8217;s infrastructure except the Ethereum chain itself goes down.&#8221; 
That is a strong statement. And it signals just how seriously the Ethereum 
team takes self-sufficiency at the protocol level. Now, account abstraction. 
We have been talking about account abstraction ever since early 2016, see the 
original EIP-86: https://t.co/HYLSTLHgWH Now, we finally have EIP-8141 ( 
https://t.co/jYqeS55j6P ), an omnibus that wraps up and solves every remaining 
problem that AA was… — vitalik.eth (@VitalikButerin) February 28, 2026 A 
Decade In The Making Buterin acknowledged the long road to get here. He 
pointed out that account abstraction has been discussed since early 2016. Now, 
with EIP-8141 bundled into the Hegota fork, the goal is to finally tie up 
every problem the concept was originally meant to fix — and then some. The 
Ethereum Foundation&#8217;s public roadmap, called the &#8220;Strawmap,&#8221; places native 
account abstraction in the second half of 2026. The technical approach being 
proposed centers on what Buterin calls &#8220;frame transactions.&#8221; Rather than a 
transaction being one single action, it becomes a series of frames. Each frame 
can point to another&#8217;s data, and each can authorize a sender or a gas payer. 
One frame handles the signature check. Another handles execution. It is 
modular by design and built to be broadly useful. This also means paying 
transaction fees without holding ETH becomes possible. Users could pay in 
other tokens through a paymaster contract or a specialized exchange that 
supplies ETH on the spot — no third party needed. Related Reading: Vitalik 
Buterin Lays Out A Plan To Make Ethereum 1,000 Times More Capable Quantum 
Resistance Also In Scope The Hegota upgrade is not stopping at smart accounts. 
Buterin also rolled out a separate quantum resistance roadmap earlier in the 
week, identifying four areas of concern: validator signatures, data storage, 
user account signatures, and zero-knowledge proofs. Existing accounts are 
expected to fit into the new framework without being left behind, gaining 
access to batch operations and transaction sponsorship along the way. After 10 
years of promises, the pieces finally appear to be falling into place. 
Featured image from Unsplash, chart from TradingView

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