Bitcoin lost its grip on $70,000 amid inflation and recession talk as analysis 
suggested that BTC price action lacked &#8220;outright stress.&#8221;

Bitcoin dips 3% as analysis says $70K BTC price ‘not obviously bearish’

MARA Holdings sold 15,133 Bitcoin for roughly $1.1 billion in March to buy 
back $1 billion of zero-coupon convertible notes at a discount, reducing its 
convertible debt by roughly 30%.

MARA sells $1.1B in Bitcoin to buy back debt at 9% discount

White House cleared a Labor Department 401(k) rule review that could expand 
access to crypto and other alternative assets.

White House clears 401(k) rule that opens door to crypto

Tazapay, a Singapore-based cross-border payments infrastructure company, 
closed a Series B extension led by Circle Ventures on Thursday, bringing its 
total Series B raise to $36 million. Tazapay Raises $36M to Accelerate Agentic 
Payment Infrastructure in Emerging Markets The extension adds CMT Digital and 
Coinbase Ventures as new backers. Circle Ventures, Peak XV Partners, GMO […]

Stablecoin-to-Fiat Payments Startup Tazapay Raises $36M Led by Circle Ventures

Bitcoin is hovering around $70.000 in a relatively tight range, slightly 
dropping today to $69.3000. Price action looks more like consolidation rather 
than stress or capitulation. Related Reading: Crypto Analysts Warn: Traders 
Misreading The Clarity Act Could Miss The Real Opportunity Bitcoin Remains 
Resilient Amidst Geopolitical Unrest Today’s QCP Market Colour reports 
Bitcoin’s resilience against a macro backdrop that continues to be tenuous, 
especially in comparison with traditional risk assets. Renewed tensions in the 
Middle East, oil trading with a geopolitical premium, and a fragile growth 
outlook are all in play, while risk assets have so far digested the inflation 
shock more quickly than the potential growth shock. It is still unclear how 
much broader growth damage will eventually show up if geopolitical strains 
continue. Flows suggest coins are leaving exchanges (accumulation rather than 
urgent selling) and BTC dominance is grinding higher, signaling a defensive, 
bitcoin‑first stance in crypto. Too Early To Call A Bottom Aligned with this, 
CryptoQuant data suggests that is still too early to assure that the market 
has reached its bottom. Key cycle indicators brought up by analyst Crypto Dan, 
such as MVRV, NUPL and their bull–bear cycle gauges have not yet reached the 
washed‑out levels usually seen at major bear‑market lows. A large share of 
supply (around half or more) remains in profit, whereas past macro bottoms 
came when that share fell closer to 45–50%, suggesting more pain or more time 
could still be needed. A graphic shared by Crypto Dan backs up the analysts 
arguments that BTC has not yet reached its bottom. Source: CryptoQuant. In the 
options landscape, implied vols are easing and term structure is in mild 
contango and carry is positive. This is consistent with consolidation rather 
than an imminent volatility shock. Downside hedges remain in demand but not at 
panic levels, showing that professional desks are pricing caution, not a 
full‑blown crash scenario. Bitcoin appears to be accumulated on dips rather 
than chased higher. ETF and derivatives flows are more tactical than euphoric, 
and traders are fading extremes while respecting the range. This leaves BTC in 
an uncomfortable, though not clearly bearish, position: it no longer behaves 
like a straightforward high‑beta equity proxy, yet it has not secured steady 
safe‑haven flows either. Related Reading: Hyperliquid Takes Over Wall Street: 
Can PURR Options Trigger a Fresh Rally? An In-Between Regime For Bitcoin 
Markets have repriced the inflation shock (via oil and rates) faster than any 
potential growth shock, leaving a risk that weaker data or prolonged 
geopolitical stress forces another leg of repricing. Bitcoin is increasingly 
treated as a hybrid macro hedge/high‑beta asset, with correlations shifting as 
institutional capital rotates and tests BTC as a partial stagflation or 
geopolitical hedge. Summing up, until on‑chain cycle metrics reset and macro 
visibility improves, rallies are likely tactical, not the start of a clean new 
trend: the idea of a “headline‑driven range” around $70.000 where dip‑buying 
and disciplined hedging make more sense than calling a macro bottom. BTC’s 
price dropped slightly after reaching $71k yesterday, trading for around $69k 
today. Source: BTCUSD on TradingView Cover image from Perplexity, BTCUSD chart 
from Tradingview

Cryptocurrency price in PHP