Bitcoin has broken through the $70,000 mark as market jitters from the war start to fade away.

Bitcoin Jumps Back Above $70K as Energy Fears Cool—Polymarket Sees 56% Chance at $75K in March

Bitcoin just shook off the weekend blues. As energy markets settled down, BTC ripped back above $70,000 during Asian hours, recovering fast from the sub-$65,000 dip triggered by Middle East tensions and Strait of Hormuz shipping jitters.

Energy prices cooled after wild swings, and so did selling pressure on risk assets. Bitcoin initially followed stocks lower, then found its footing in the $66K–$68K range. Liquidity returned, buyers followed, and $70K fell.

Market maker Enflux flagged Bitcoin's resilience during the chaos. Even at peak fear, BTC only briefly broke below $66K before steadying—outperforming some stocks and classic hedges.

Institutional money is still doing the heavy lifting. SoSoValue says U.S. spot ETFs saw $568 million in net inflows last week, after $787 million the week before. Lifetime inflows? Over $55 billion now. Early data hints at another $57 million on Monday—though some issuers haven't reported.

On-chain and derivatives data show stabilization after the recent chop. Glassnode points to slight upticks in momentum, ETF demand, and profitability, but flows are still light and speculators aren't back in force. Sentiment? Cautious.

But prediction markets are leaning in. On Polymarket, traders now price a 56% chance Bitcoin hits $75,000 in March—up from 34% just days ago. Breaking $70K changes the math.