In this video: Bitcoin usually gets a rally into early March, then forms a lower high and goes lower into April/May. Video by Benjamin Cowen.
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As of March 2, 2026, Bitcoin (BTC) is trading at approximately $69,756.66, reflecting a 6.08% increase over the last 24 hours. The market has shown significant volatility today, rebounding from weekend lows of approximately $63,000 triggered by geopolitical escalations in the Middle East.
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Bitcoin Insights Today
-Geopolitical Recovery: Bitcoin has largely recovered the 3% slide it experienced following weekend strikes in Iran. It is now trading above pre-strike levels, outperforming equities in a "risk-off" environment.
-Whale Activity: Despite the price being down nearly 50% from October 2025 highs (~$126,000), large "whale" wallets have reportedly added $120 billion in BTC throughout 2025 and early 2026.
-Institutional Adoption: Morgan Stanley has reportedly applied for a national trust charter to hold digital assets, signaling continued institutional infrastructure growth despite the bear market sentiment.
-Regulatory Updates: Turkey's ruling party has unveiled a proposal for a 10% crypto income tax, adding to the global regulatory landscape.
-Corporate Holdings: SpaceX's Bitcoin holdings are reportedly valued at approximately $545 million (down from a $780 million cost basis) ahead of its anticipated IPO filing
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