As of March 3, Bitcoin’s trading price has hovered around $68,000, up approximately 2.6% in the past 24 hours. Since the beginning of the year, Bitcoin has still declined about 22%, over 40% below its October 2025 all-time high. VanEck CEO Jan van Eck told CNBC that he believes Bitcoin is currently forming a bottom.
VanEck pointed out that Bitcoin’s four-year halving cycle is the main driver of the current bear market, rather than fundamental changes. “Bitcoin has risen for three consecutive years, then experienced a correction in the fourth year. 2026 is exactly the fourth year of this cycle,” he added. The supply cap of Bitcoin is 21 million coins, with miners receiving half the block rewards every four years. This structural factor creates price cycles.
Additionally, van Eck said that Bitcoin’s recent recovery is also related to geopolitical tensions caused by the U.S. and Israel’s airstrikes on Iran and Iran’s retaliations. He mentioned that cryptocurrency payment channels can bypass traditional banking systems for fund transfers in conflict zones, citing the UAE and Dubai as examples.
Despite geopolitical tensions, U.S. spot Bitcoin ETF fund inflows remain strong. According to SoSoValue data, on Tuesday, ETF daily inflows reached about $458 million, the highest this quarter. Last week, ETF inflows totaled around $1.1 billion over three consecutive trading days, with BlackRock’s IBIT fund accounting for half. Singapore-based trading firm QCP Capital noted that weekend geopolitical news triggered about $300 million in long positions being closed, but overall market risk remained “controllable.” Implied volatility in the options market once rose to 93% before falling back, indicating most traders are hedging risks.
In February, Bitcoin’s price mainly fluctuated between $60,000 and $70,000. It reached a high of $69,213 on Monday but failed to break the $70,000 level. As of 1:25 a.m. Eastern Time on Tuesday, Bitcoin was trading at $67,884. Analysts warn that the Middle East situation remains uncertain, and market risk appetite is fragile. In the short term, prices could still be affected by geopolitical events.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Scaramucci's $1M Bitcoin Target: Trust System vs. Gold
Anthony Scaramucci of SkyBridge Capital argues for a $1 million Bitcoin price target, emphasizing its decentralized trust system and recent institutional interest. He links Bitcoin's valuation to its fixed supply and historical perspectives on money, while noting counterarguments from economists about its viability as money.
CryptoFrontier7m ago
Tensions around the Strait of Hormuz have been fluctuating, and Bitcoin falls below $74,000
The Strait of Hormuz blockade triggers a major shock in the crypto market: after Bitcoin first breaks above $78,000, it then falls back to $74,000, and the market remains in panic. This article provides an in-depth analysis of the transmission mechanism between geopolitical shocks and crypto market price action.
GateInstantTrends45m ago
Major CEX Launches Crypto-Backed Lending in UK, Supporting BTC, ETH, and cbETH for USDC Borrowing
A centralized exchange launched crypto-backed lending services in the UK, allowing instant USDC loans using BTC, ETH, and cbETH as collateral, powered by Morpho. Total loans issued surpassed $2.17 billion since the service's US debut in January 2025.
GateNews1h ago
Crypto Jack Warns Bitcoin May Drop to $48K Amid Geopolitical Tensions
Crypto trader Crypto Jack warns investors to sell Bitcoin, predicting a decline to $48,000 amidst US-Iran tensions and negative financial signals, before a potential recovery in May based on seasonal trends.
CryptoFrontier1h ago
French-listed Capital B Increases Bitcoin Holdings to 2,937 BTC
Gate News message, April 20 — French-listed company Capital B has increased its Bitcoin holdings by 12 BTC, bringing its total holdings to 2,937 BTC, according to an official announcement.
GateNews1h ago
Bitcoin’s fourth halving rally is slowing down, analysts say: BTC may have entered a “new normal”
Investment firm Galaxy analyst Alex Thorn noted that Bitcoin’s advance during this halving cycle has been lower than historical records, with volatility declining, and the market may be entering a new normal. Compared with the past three halvings, the fourth time’s price change is no longer significant. While the passage of U.S. spot ETFs has catalyzed the rally, the market’s ongoing conditions still need to be watched closely.
ChainNewsAbmedia2h ago
