$BITCOIN is trading close to $71,000, remaining near the top of its month-long consolidation range despite volatility in global stock markets and rising oil prices.
The wider cryptocurrency market, valued at roughly $2.4 trillion, has also been moving sideways since late January, with major tokens such as Ether, Solana, $XRP and $BNB recording only modest increases.
Analysts suggest Bitcoin’s stability points to a consolidation phase that could need fresh capital to drive a stronger rally, especially as institutions continue exploring Bitcoin-based financial infrastructure and emerging Bitcoin-focused DeFi initiatives.#BTCReclaims70k
BTC
71,414.67
+0.77%