Crypto asset manager Grayscale, in its recent analysis, suggests that the Bitcoin market may have reached its final bottom. According to the firm’s research division, on-chain data indicates that price action is stabilizing at healthier levels.
Although the recent 19% recovery in the crypto market has led many investors to believe that “the bottom is already in,” leading analytics platform The DeFi Report issued a cautious statement. Company founder Michael Nadye stated that despite the shift in market sentiment toward a bullish trend, blockchain data and macroeconomic liquidity conditions do not yet support the rally.
The leading cryptocurrency, Bitcoin ($BTC), surged above $72,000 following a two-week ceasefire between the United States and Iran. However, ongoing Israeli attacks on Lebanon have overshadowed the truce. As Bitcoin continues to trade above $70,000, the options market has also entered an uptrend.
According to analysts at CryptoQuant, the number of active addresses in the leading cryptocurrency’s network has fallen to its lowest levels since the beginning of 2026 and reached levels not seen in nearly eight years.
In the cryptocurrency market, blockchain data and derivative market dynamics indicate a significant divergence in investor behavior, while Bitcoin's price continues to move within a sideways range with limited fluctuations.
Il Capo of Crypto, one of the most well-known analysts in the cryptocurrency space, discussed the future of Bitcoin’s price in his latest report. The analyst notes that Bitcoin is currently stuck in the range between $65,000 and $75,000, but remains optimistic about bullish prospects.
Despite the ongoing war between the United States and Iran, Bitcoin ($BTC) showed a strong recovery, rising above the $76,000 level.
Bitcoin broke above $74,000 and returned to the levels of early February. On March 16, the price on the Bitstamp exchange reached $74,425, the highest level since February 4. The weekly increase amounted to 10.3%, and the weekly candle closed above the 200-week exponential moving average, a level that traditionally separates bull and bear markets.
Cardano is trading at $0.2897, which is 7% higher, breaking above the 0.382 Fibonacci retracement at $0.2773 as risk appetite returns to cryptocurrency markets. This move is part of a broader altcoin surge caused by the first signs of de-escalation around Hormuz, with ADA leading in derivatives volume and showing its strongest four-hour candle since February.
In the cryptocurrency market, Bitcoin, which has recently shown bullish signals, is beginning to encounter significant technical resistance levels. Crypto analyst Murphy Chen stated that in the short term Bitcoin may face strong selling pressure at the $74,000 and $78,880 levels.
Michael Saylor, founder and chairman of Strategy, once again shared data about the company’s Bitcoin purchases on the social network X, giving a new buy signal.
Bitcoin is experiencing its worst sell-off since the collapse of FTX, losing nearly half of its value. Its market capitalization has fallen by more than $1 trillion. However, despite panic sentiment, experts see hidden positives in the “institutional ruins,” reports Bloomberg.
The cryptocurrency $XRP is currently in a phase of prolonged consolidation within a descending channel. However, technical signals indicate the possibility of a strong upward move if it breaks out of this formation. Analysts believe the current market structure could serve as a preparatory stage before a new growth impulse.
On Monday, January 26, the price of Zcash fell to a two-month low of $326. However, over the past day, the cryptocurrency has partially recovered its losses and is now fluctuating around $368. At present, there are prerequisites for further growth.
For the first time since January 2, Solana dropped below $130 amid a broader downturn in the crypto market. However, whales remain confident and continue accumulating altcoins.
On Wednesday, the price of Bitcoin jumped 4.4%, rising above the $97,500 level. This is a price range the leading cryptocurrency has not traded at since November 2025.
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