Sharp Rebound Ends Losing Streak
Bitcoin snapped a three-session losing streak with a powerful rebound that briefly pushed prices near the $70,000 threshold. The world’s largest cryptocurrency climbed more than 9% intraday, marking its strongest one-day advance since early February.
The rally coincided with a broader rebound across risk assets. U.S. equities posted modest gains, led by technology stocks, helping lift sentiment in markets that had recently been weighed down by geopolitical tension and tariff uncertainty.
Nvidia Earnings Ignite Tech Optimism
Momentum accelerated after strong earnings from Nvidia Corp. boosted confidence in artificial intelligence-driven growth. The semiconductor giant’s results reassured investors that AI demand remains resilient despite macro headwinds.
Because crypto assets often trade in correlation with high-beta technology shares, the improvement in tech sentiment spilled into digital assets. Bitcoin’s surge reflected renewed appetite for speculative growth themes.
Ether Joins the Rally
Ethereum outperformed during the rebound, rising roughly 13% to trade near $2,100. The move represented one of its strongest daily gains in recent weeks after a prolonged period of weakness.
Altcoins followed suit, with major tokens posting outsized percentage increases. The synchronized recovery suggests the move was liquidity-driven rather than tied to project-specific catalysts.
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Risk Sentiment Shifts After Weeks of Caution
The rebound follows weeks of sustained pressure on digital assets. Bitcoin had struggled below $70,000, repeatedly failing to establish acceptance above that psychological ceiling.
Improving risk sentiment appears to have sparked short covering. Traders who had built bearish positions during February’s decline were forced to unwind as prices advanced sharply.
Liquidity Conditions Remain Fragile
Despite the rally, liquidity conditions across crypto markets remain thinner than during peak bullish phases. ETF flows have been mixed, and some institutional allocators continue to favor artificial intelligence equities over digital assets.
Market participants caution that short squeezes can produce sharp but temporary moves. Sustained momentum would require renewed spot demand and consistent inflows rather than derivative-driven repositioning.
Technical Resistance Near $70,000
From a charting perspective, $70,000 remains the key level to watch. The area has acted as firm resistance throughout February, with multiple failed breakout attempts reinforcing overhead supply.
A decisive close above that threshold could shift short-term structure bullish and target the mid-$70,000 region. Failure to break through may result in renewed consolidation within the established range.
Structural Recovery or Tactical Bounce?
While the rally demonstrates that risk appetite can return quickly, broader macro uncertainties persist. Tariff debates, geopolitical developments, and Federal Reserve policy expectations continue to influence capital allocation decisions.
For now, Bitcoin’s approach toward $70,000 signals that buyers remain active beneath the surface. Whether this advance marks the start of a durable uptrend or another tactical bounce will depend on follow-through volume and sustained improvement in global risk conditions.
