Bitcoin Falls After Shock; Spot Demand Keeps Bulls in Play

Bitcoin dropped about 7% after flirting with $76,000 as US stocks fell following an oil surge tied to an attack on Iran’s largest gas processing facility and a larger‑than‑expected rise in wholesale prices. Despite the pullback, recent market moves offer little evidence that Bitcoin’s bullish momentum has faded.

The S&P 500 traded roughly 4% below its all‑time high even as US jobless claims remained near 1.85 million and wholesale prices rose 3.4% year over year in February, the largest gain in 12 months. Oil climbing above $98 pushed expectations that the Federal Reserve will not ease policy in 2026, with the CME FedWatch Tool showing odds for steady rates by September falling to 42% from 89% a month earlier, based on implied futures odds.

US two‑year Treasury yields at 3.71% versus a 2.27% two‑year inflation expectation left a roughly 1.44% adjusted return, a level that contrasts with the near‑zero or negative returns typical of extreme fear.

United States

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