Bitcoin slid from above $70,000 to as low as $67,360 amid renewed Middle East tensions, then rebounded to around $68,000. Even with more than $240 million in liquidations, attention has shifted toward Bitcoin-focused infrastructure plays, including Bitcoin Hyper (HYPER), which says its presale has topped $32 million.

Bitcoin's weekly close on Sunday stayed below the 200-week EMA, a setup several traders said could extend downside in the weeks or months ahead. BTC/USD later traded near $71,190 after an intraday low of $67,300, while multiple analyses cited sub-$60K risk and a bear-flag target around $46,600.

CoinShares reported that institutional crypto products recorded $230 million of net inflows over the week, following a burst to $635 million in the first two days. After the FOMC meeting, flows swung to $405 million of outflows before easing by Friday, while Bitcoin led with $219 million and Ethereum posted $27.5 million in outflows.

On March 23, 2026, Jim Cramer said market momentum had shifted to bulls as Bitcoin reversed sharply and pushed above $71,000. The move set off a broad short squeeze, with liquidations reaching $810.75 million over 24 hours and more than $300 million in BTC shorts in four hours. Bitcoin and Ethereum instruments each accounted for roughly $253 million in liquidations.

Bitcoin miner selling pressure has cooled, as miner-to-Binance BTC transfers have fallen back to levels last seen in mid-2023. The monthly average is about 4,316 BTC to Binance and 4,381 BTC across all exchanges, suggesting the slowdown is broad rather than venue-specific. BTC was trading at $68,553 at press time.

Bitcoin (BTC) has logged its longest stretch of moving independently from the S&P 500 since 2020, while BTC remained in a falling trend from September 2025 through March 23. The coin is down more than 45% since the October 11, 2025, crypto crash and was trading around $68,471 at press time. Over the same period, the S&P 500 gave back a Q4 2025 8.7% rally that pushed it to about 7,000 before sliding over the last two months.

Bitcoin rose back above $70,000 on Monday after U.S. President Donald Trump said the U.S. and Iran had held "very good and productive conversations" and indicated a five-day pause on potential strikes tied to progress in talks. BTC jumped about 4.4% from roughly $68,500 to nearly $71,500 and later traded around $70,700, while ETH gained 7.2% from about $2,048 to $2,196 before hovering near $2,160.

Bitcoin moved back toward $71,000 on March 23 after President Donald Trump said U.S.-Iran talks were “very good and productive” and suggested a pause in military action could help end the war. Prices later hovered around $68,600-$68,900, while a rapid liquidation wave saw about $265 million in crypto short positions closed within 15 minutes. The move highlighted how quickly leveraged markets can reprice on geopolitical headlines.