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BTC Price Holds $70K as Analysts Spot Cycle Reset Signs

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Bitcoin, Ethereum, Dogecoin, and new utility protocols

Bitcoin (BTC) stayed near the $70,000 level after a volatile week shaped by geopolitical tensions and the latest Federal Reserve meeting. BTC price traded at $70,672.50 at the time of writing, down slightly over 24 hours and up 0.11% over the past seven days.

Summary

  • BTC price stayed above $70,000 after sharp swings tied to macro pressure and Fed remarks.
  • Analysts said bitcoin’s valuation and realized price levels now resemble past cycle bottom formations.
  • Binance outflows averaged $55 million daily, pointing to steady demand behind bitcoin’s recent resilience.

Bitcoin pushed toward $74,000 twice in recent days before failing to hold that level. Over the weekend, BTC price dropped toward $70,000 after market pressure followed U.S. military action on Iranian infrastructure.

The asset then recovered early in the week and climbed to $76,000 on Tuesday, its highest level in almost six weeks. That rally faded quickly. Bitcoin slipped back to $74,000 on Wednesday and then fell from about $74,400 to $71,200 before the FOMC decision.

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The Federal Reserve kept interest rates unchanged, which matched market expectations. Bitcoin briefly rebounded to $72,000 after the decision, but later comments from Fed Chair Jerome Powell on inflation and the economy added pressure and pushed BTC down to $68,800 on Thursday.

Even with those losses, bitcoin avoided a deeper breakdown and moved back above $70,000. That recovery has kept attention on current support levels and near-term trader positioning.

Analysts point to cycle and valuation signals

Crypto analyst Michaël van de Poppe said the valuation of BTC against gold is showing a monthly engulfing signal. He wrote, “It doesn’t mean that we immediately go up from here,” while adding that similar setups in 2015, 2018 and 2020 marked bear market lows.

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Another market watcher, CryptosRus, said bitcoin is trading near its realized price, a level that has previously aligned with major cycle lows. He said

“Every time $BTC reaches this zone, it doesn’t stay here for long.”

Moreover, CryptoQuant analyst burakkesmeci said Binance netflow data suggests steady buying demand behind bitcoin’s recent strength. According to his reading, the Binance BTC Netflow SMA30 has stayed below zero, showing sustained exchange outflows.

He said about $55 million worth of BTC has been leaving Binance daily on average. That trend, he said, helped support bitcoin’s rise from $65,000 to $74,000 and may explain why BTC price has remained firm even as broader markets faced pressure.

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Crypto World

Bitcoin Mining Difficulty Drops 7.7% in Biggest Cut Since February

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Bitcoin Mining Difficulty Drops 7.7% in Biggest Cut Since February

Bitcoin’s mining difficulty fell by around 7.7% at the latest adjustment on March 20 to 133.79 trillion at block 941,472, the sharpest drop since February, according to CoinWarz data.

The latest move takes difficulty down from around 145 trillion in mid-March and roughly 148 trillion at the start of the year. A lower difficulty means it takes less computational work to earn the same block reward, slightly improving revenue per unit of hashrate for firms that stay online.

The adjustment followed slower-than-target block production over the prior 2,016 blocks. CloverPool data showed average block times at about 12 minutes 36 seconds, well above Bitcoin’s 10-minute target, forcing the network to recalibrate lower.

In February, difficulty dropped sharply after weather-related disruptions in the United States temporarily knocked large American mining facilities offline, and it later rebounded by about 15% as hashrate returned to the network once power conditions normalized. 

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Bitcoin (BTC) difficulty measures how hard it is for miners to find a valid hash for the next block and is automatically adjusted to keep issuance steady at one block every 10 minutes.

When more computing power, or hashrate, joins the network, difficulty rises to prevent blocks from being mined too quickly, while a decline in hashrate triggers a lower difficulty, making it easier for remaining miners to earn rewards. 

Bitcoin difficulty drops 7.7%. Source: CoinWarz

Related: Cango reports $285M Q4 loss as Bitcoin mining costs surge in 2025

The next difficulty adjustment is currently estimated for April 3, though that projection changes with each new block.

Miners pivot to AI as power costs bite

The difficulty reset also comes as several listed miners push further into AI and high-performance computing infrastructure in search of steadier returns on power and data-center capacity.

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Last week, crypto trader Ran Neuner argued AI had become Bitcoin mining’s biggest competitor as both industries compete for electricity, even going as far as to say that “AI has killed Bitcoin forever.” 

Bitcoin miners such as Core Scientific, MARA Holdings, Hut 8 and Cipher Mining have begun reallocating capacity or pivoting toward AI workloads, while some operators have reduced hashrate or shut down less efficient rigs as profitability tightens.

On Feb 21, Bitdeer liquidated 943 BTC from reserves and sold newly mined coins, cutting corporate holdings to zero. In its latest weekly update on March 21, it confirmed that its BTC holdings remained at zero.

Big questions: Would Bitcoin survive a 10-year power outage?

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