In this video: Bitcoin: Dubious Speculation. Video by Benjamin Cowen.
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As of March 17, 2026, Bitcoin (BTC) is trading at approximately $74,637, reflecting a significant breakout above the long-standing $74,000 resistance level. This upward momentum marks an eight-day winning streak fueled by heavy institutional demand and a strategic decoupling from traditional equity markets.
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Insights Today
-Institutional Inflows: U.S. spot Bitcoin ETFs have seen a massive $1.3 billion in net inflows during the first half of March, led by BlackRock's IBIT.
-FOMC Anticipation: Markets are closely watching the Federal Reserve meeting (March 17–18). While rates are expected to hold, any dovish signals from Chair Jerome Powell could further accelerate the current rally.
-Macro Decoupling: Bitcoin is showing a rare negative correlation with the S&P 500, acting as a "geopolitical hedge" alongside gold as oil prices hover near $100 due to Middle East tensions.
-Supply Scarcity: The 20 millionth Bitcoin was reportedly mined earlier this month (March 9), leaving only 1 million BTC left to be mined over the next century.
Institutional Adoption & Corporate Activity
-MicroStrategy: Strategy Inc. (formerly MicroStrategy) recently purchased 17,000 BTC at an average price of ~$70,946, bringing its total holdings to over 738,000 BTC.
-Banking Infrastructure: The Bank Policy Institute reports that legislative debates over stablecoin yields and the "GENIUS Act" are shaping the next phase of institutional crypto integration.
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