The post Bitcoin Price Pumps 7% To $70,000 In Early Trading appeared on BitcoinEthereumNews.com.

The bitcoin price is on the move again this morning, pumping sharply from the mid‑$65,000 range to push toward $70,000, representing roughly a 6% gain in just a few hours as leveraged short positions face heavy liquidations.  Last week, Bitcoin price briefly surged past $69,000 on February 25 before retreating over the weekend, falling back to around $65,000. The move today comes after a volatile weekend marked by heightened geopolitical tensions in the Middle East, when joint U.S. and Israeli strikes on Iranian targets, including reports of attacks near Tehran and Iran’s leadership, and then Iran’s retaliatory actions rocked risk assets across global markets.  Bitcoin initially sold off sharply over the weekend, dipping as low as the low $63,000s as markets digested the news. But, within a couple of hours, the price rebounded back to levels it was at before the news. Bitcoin price analysis Macro conditions continue to influence Bitcoin’s trajectory. Elevated U.S. interest rates and persistent inflation signals have kept the opportunity cost of holding non-yielding assets high, limiting aggressive upside moves.  Meanwhile, geopolitical developments—including the conflict in Iran—have amplified short-term swings but have not fundamentally shifted Bitcoin’s broader trend.  Investor sentiment remains cautious, with the Crypto Fear & Greed Index hovering near extreme fear, reflecting hesitancy to push prices significantly higher amid ongoing uncertainty. Bitcoin price is also on track for a historically weak first quarter, down more than 25% in 2026, marking its worst Q1 performance since 2014, according to Bitcoin Magazine Pro data. Historical patterns suggest that bear markets in dollar terms can extend 12 to 13 months, potentially stretching through late 2026. However, when priced in gold, the market may be closer to a bottom, with some analysts pointing to a possible rebound beginning this month.  Large-scale investors are also increasingly treating the current…

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Filed under: News - @ March 2, 2026 5:25 pm