Bitcoin Strength Stuns Bears But They Haven't Given Up Yet

Bitcoin jumped above $73,000 on Friday and held weekly support around $70,000 as weak US economic data and the ongoing Israel‑Iran war pushed some investors toward scarce assets. Despite the rally, traders are questioning whether the five‑month correction from the $126,000 peak has truly ended.

The US economy’s growth was revised down to 0.7% for October–December 2025, with a final report due April 9, and the 10‑year Treasury yield rose to 4.26%, raising recession concerns and reducing demand for Treasuries. Equity futures briefly tumbled after oil spiked to $119.50, a move partially eased by a temporary authorization to buy Russian oil stranded at sea announced by Treasury Secretary Scott Bessent.

Institutional flows have supported the recent momentum: spot Bitcoin ETFs logged four straight days of net inflows totaling $583 million and an estimated $2.14 billion entered ETFs from Feb. 24 to March 4, sparking a 14% rally that reversed with a roughly 10% drop over the following four days.

United States

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