Bitcoin Reclaims $74K as Crypto Rally Gains Momentum
On March 5, the crypto markets experienced a surge in investor interest, as Bitcoin and key altcoins continued their upward momentum. The flagship cryptocurrency has successfully reclaimed the $74,000 mark, maintaining its position above $72,000, driven by renewed institutional demand. Analysts noted that inflows into US spot Bitcoin ETFs and a growing risk appetite have bolstered the overall recovery in digital assets, propelling Ethereum, Binance Coin, Solana, and XRP in tandem with Bitcoin. “The move higher has been supported by strong inflows into US spot Bitcoin ETFs and renewed institutional demand, which helped push prices to a one-month high. Despite ongoing geopolitical tensions and macro uncertainty, investors continue to allocate capital to crypto alongside gold and other alternative assets,” as per reports. Despite the recovery, experts warn that the overall market sentiment continues to be cautious. Bitcoin has seen a rebound of over 20 percent from the lows of $60,000 in February, with altcoins reflecting similar gains. However, a considerable amount of supply remains in a loss position, suggesting there could be potential selling pressure ahead. “Despite the rebound, sentiment remains cautious.” Approximately 43 percent of Bitcoin’s supply remains in a loss position, which could lead to potential selling pressure in the market. “Derivatives data shows traders hedging downside risk,” stated Riya Sehgal.
Vikram Subburaj stated that the concurrent strength in Bitcoin and major altcoins indicates that the ongoing movement is fueled by a wider risk appetite instead of being triggered by specific sector-related factors. “Traders are now closely monitoring the forthcoming US macroeconomic calendar.” The US Employment Situation report for February is set to be released on March 6, with the CPI data coming out on March 11, and the next FOMC meeting taking place on March 17–18. “All these are potential volatility catalysts for global risk assets, including crypto,” said Subburaj. At last check, Bitcoin was trading 7.35 percent higher at $72,749, with a 24-hour trading volume of $73.62 billion, according to the report. In the last 24 hours, the token experienced a fluctuation ranging from $67,704 to $74,051. The asset is currently trading approximately 42 per cent lower than its all-time high of $126,198, which was achieved on October 7, 2025.
Subburaj noted that the market structure indicates the $72,000 region is becoming a significant near-term pivot. “A sustained hold above that level could open the door for a test of higher resistance zones in the mid-$70,000 range.” Nonetheless, the overall demand range continues to be notably diminished, hovering between approximately $60,000 and $69,000. “This is where buyers previously stepped in during earlier pullbacks in the current cycle,” he stated. Sehgal noted that a breakout above the $76,000–$78,000 range, which aligns with the average cost basis of significant holders, would indicate a surge in momentum for Bitcoin. “Sustained institutional inflows and a breakout above the mid-$75,000 range could open the path toward $78,000–$80,000, though volatility may remain elevated due to macro and positioning factors,” she stated.
Meanwhile, Ethereum demonstrated a resurgence in momentum, momentarily nearing the $2,200 mark. At the latest update, ETH was observed trading 9 percent higher at $2,138, accompanied by a 24-hour trading volume of $33.34 billion. The cryptocurrency fluctuated between $1,956 and $2,198 in the last 24 hours. Ethereum is currently trading over 57 percent below its all-time high of $4,953, which was achieved on August 25, 2025. Sehgal highlighted that Ethereum’s rise above short-term averages is a positive sign, yet significant resistance lies ahead. “The token’s ascent beyond short-term averages is encouraging, yet the $2,200–$2,300 range continues to pose a significant resistance barrier,” she stated.
