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
Bitcoin Whale Sends $20M in BTC to Binance, Hinting at Possible Sale
A bitcoin whale transferred 300 BTC worth over $20 million to Binance, prompting speculation about a potential sale. Despite this move, the wallet still holds 200 BTC, currently valued around $13.8 million, suggesting the owner may face losses.
CryptoNewsFlash1h ago
Global Markets Shift as Oil Jumps and Bitcoin Holds Ground
Global markets moved unevenly as geopolitical tensions intensified and energy prices climbed sharply. Oil prices surged above key levels while Bitcoin maintained stability despite pressure. Meanwhile, equities fluctuated as traders reacted to escalating rhetoric and uncertain diplomatic outcomes.
O
CryptoBreaking1h ago
Solo Bitcoin Miner Hits $210K Block Reward in Rare CKpool Win
A solo Bitcoin miner using CKpool secured a rare success, solving a block and earning 3.139 BTC worth about $210,000, despite running a modest setup of 230 TH/s, which has a 1-in-28,000 chance of success daily.
CryptoNewsFlash4h ago
