Bitcoin price climbed back above $70,000 on Saturday, rebounding from a sharp decline earlier this month as cooler-than-expected US inflation data helped revive risk appetite across markets. The rebound comes after a brutal stretch that saw billions in realized losses and persistent signs of investor anxiety.
Bitcoin was trading around $70,215 at press time, up about 2% over the past 24 hours, with daily volume close to $43 billion. The move leaves the bitcoin price just below its seven-day high of $70,434, according to market data, and pushes its global market cap back above $1.4 trillion.
The latest upside followed January’s consumer price index report, which showed inflation rose 2.4% year-on-year, slightly below the 2.5% forecast. The softer pressure bolstered expectations that the Federal Reserve could start cutting interest rates sooner than previously expected, a shift that typically benefits higher-beta assets like cryptocurrencies.
The prediction markets reflected the change in sentiment. Traders on Kalshi increased the implied odds of an April rate cut to 23%, while Polymarket prices also edged higher during the week.
Bitcoin Price Analysis and Related Stocks
The rally in the bitcoin price over the weekend also spilled over into crypto-linked stocks. On Friday, Coinbase ( COIN ) rose 18% and Strategy ( MSTR ) jumped 10% as investors rotated back into exposure to digital assets.
The move came even as Coinbase continues to navigate a difficult earnings backdrop, including a $666.7 million loss in Q4 2025 tied to weaker trading revenue.
The strategy, meanwhile, remained closely tied to bitcoin’s volatility while reaffirming its long-term fiscal policy approach. The company revealed another bitcoin purchase of more than 1,100 BTC this week and posted a steep quarterly loss driven mainly by mark-to-market declines in its holdings, underscoring the balance sheet risks of its aggressive positioning.
It’s been a rough couple of months for the bitcoin price, with Bitcoin sliding sharply from its peak in October above $120,000 to the mid-$60,000s after an extended decline of several months.
Selling intensified in early February when BTC broke below the key psychological level of $70,000
Research firm K33 suggested the jump toward $60,000 may have marked a “local bottom,” pointing to capitulation-like conditions in volume, funding rates, options positioning and ETF flows.
Yet the rally has not erased the deeper unrest that lingers beneath the surface. The Crypto Fear & Greed Index remains firmly in “extreme fear,” levels last associated with the 2022 bear market and the collapse of major industry players.