{"id":1239535,"date":"2026-03-10T11:19:14","date_gmt":"2026-03-10T09:19:14","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1239535"},"modified":"2026-03-10T19:05:23","modified_gmt":"2026-03-10T17:05:23","slug":"btc-tries-to-regain-70k","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/","title":{"rendered":"BTC Tries to Regain $70K"},"content":{"rendered":"

Bitcoin is charging higher as bulls look for a rebound in the crypto market. Oil prices continue to swoon as The Daily Breakdown digs in.<\/p>\n

Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. <\/span><\/i>To keep getting our daily insights<\/i><\/b>, all you need to do is <\/span><\/i>log in<\/span><\/i><\/a> to your eToro account.<\/span><\/i><\/p>\n

What’s Happening?<\/b><\/h2>\n

Volatility can cut both ways \u2014 and that was on full display yesterday. At one point, oil<\/a> was trading above $100 a barrel and the S&P 500<\/a> was down as much as 1.5%. By the closing bell, the S&P 500 had climbed 0.8%, the Nasdaq 100<\/a> was up 1.3%, and crypto had started to rebound as well.<\/span><\/p>\n

That\u2019s the trouble with trading headlines. While it can create short-term opportunities, conditions can also turn on a dime, making it a difficult environment for investors. Active traders may try to capitalize on the back-and-forth, but more passive investors may prefer to use pullbacks to add longer-term positions in their highest-conviction holdings when they\u2019re being discounted.<\/span><\/p>\n

Week Ahead<\/b><\/h4>\n

Nio<\/a> and Kohl\u2019s<\/a> report earnings this morning, while Oracle reports tonight. Other notable names this week include Dollar General<\/a>, Dick\u2019s Sporting Goods<\/a>, Adobe<\/a>, Lennar<\/a>, Rubrik<\/a>, and Ulta<\/a>.<\/span><\/p>\n

On the economic front, it\u2019s a big week for inflation. The CPI report is due at 8:30 a.m. ET on Wednesday, while the PCE report \u2014 the Fed\u2019s preferred inflation gauge \u2014 is released Friday at 8:30 a.m. ET. Friday also brings the next GDP update, along with the JOLTS report, which will offer an update on job openings, quits, and layoffs.<\/span><\/p>\n

Want to receive these insights straight to your inbox?<\/strong><\/p>\n

Sign up here<\/a><\/p>\n

The Setup \u2014 Bitcoin<\/b><\/h2>\n

It\u2019s no secret that Bitcoin<\/a> has struggled this year, but it\u2019s been trying to find some momentum lately. It finished higher by 3.8% yesterday and is up around 3% to above $70K this morning. Below shows the weekly chart on the left and the daily chart on the right:<\/span><\/p>\n

\"Weekly
Chart as of 8:00 a.m. ET on 3\/10\/2026. Source: eToro ProCharts, courtesy of TradingView.<\/em><\/figcaption><\/figure>\n

Notice on the daily chart (right) how BTC has made a series of \u201chigher lows\u201d \u2014 meaning each dip is more shallow than the last. Bitcoin hasn\u2019t taken out its low from early February, either.\u00a0<\/span><\/p>\n

On the weekly chart (left), how BTC remains above its long-term, upward-trending 200-week moving average, as it now contends with a key support\/resistance zone in the $70K to $75K range. For bulls to gain long-term confidence in the charts, Bitcoin needs to regain this area. Until then \u2014 and especially if BTC remains below it \u2014 volatility may persist.<\/span><\/p>\n

Options<\/b><\/h4>\n

For investors who can\u2019t trade or aren\u2019t comfortable trading cryptocurrencies outright, they can consider ETFs for BTC and ETH. On the BTC front, <\/span>IBIT<\/span><\/a> remains the largest ETF by assets, while also supporting options trading.\u00a0<\/span><\/p>\n

Bulls can utilize calls or call spreads to speculate on upside, while bears can use puts or puts spread to speculate on downside. In either case, investors may consider using adequate time until expiration.\u00a0<\/span><\/p>\n

For those looking to learn more about options, consider visiting the <\/span>eToro Academy<\/span><\/a>.<\/span><\/p>\n

What Wall Street’s Watching<\/h2>\n

VIX<\/b><\/p>\n

On Monday, the CBOE Volatility Index<\/a> \u2014 or the \u201cVIX,\u201d dubbed Wall Street\u2019s fear gauge \u2014 hit its highest levels in almost a year. While the VIX dipped notably into yesterday\u2019s close, the recent spike in volatility is a reminder to investors of how quickly things can change. It\u2019s a good opportunity to go over portfolio construction and understand personal risk tolerance.\u00a0<\/span><\/p>\n

VRTX<\/b><\/p>\n

Shares of Vertex Pharmaceuticals<\/a> rose after the company said its drug povetacicept met its primary endpoint in a late-stage trial. Vertex plans to seek FDA accelerated approval by the end of March. The company gained the drug \u2014 which treats the kidney condition IgA nephropathy \u2014 through its $4.9 billion acquisition of Alpine Immune Sciences in the second quarter of 2024. <\/span>Dig into the fundamentals for VRTX<\/span><\/a>.\u00a0<\/span><\/p>\n

DOGE<\/b><\/p>\n

This morning\u2019s crypto bounce isn\u2019t limited to just BTC and Ethereum<\/a>. Dogecoin<\/a>, Stellar<\/a>, and Shiba<\/a> are also trending higher, with all three up between 5% and 6%. Elsewhere, while Akash Networks<\/a> may be small \u2014 with a current market cap of just $122 million \u2014 it\u2019s joining in on the crypto rally too, currently up more than 13% to a one-month high. <\/span>Discover more cryptocurrencies here<\/span><\/a>. <\/span><\/p>\n

Disclaimer:<\/i><\/b><\/p>\n

Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is charging higher as bulls look for a rebound in the crypto market. Oil prices continue to swoon as The Daily Breakdown digs in. Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in…<\/p>\n","protected":false},"author":130,"featured_media":819735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6894],"tags":[],"asset_type":[],"class_list":["post-1239535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-breakdown"],"acf":[],"yoast_head":"The Daily Breakdown: BTC Tries to Regain $70K<\/title>\n<meta name=\"description\" content=\"Bitcoin is charging higher as bulls look for a rebound in the crypto market. Oil prices continue to swoon as The Daily Breakdown digs in.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1239535\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Daily Breakdown: BTC Tries to Regain $70K\" \/>\n<meta property=\"og:description\" content=\"Bitcoin is charging higher as bulls look for a rebound in the crypto market. Oil prices continue to swoon as The Daily Breakdown digs in.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1239535\" \/>\n<meta property=\"og:site_name\" content=\"eToro\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/eToro\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-10T09:19:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-10T17:05:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@eToro\" \/>\n<meta name=\"twitter:site\" content=\"@eToro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bret Kenwell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/\"},\"headline\":\"BTC Tries to Regain $70K\",\"datePublished\":\"2026-03-10T09:19:14+00:00\",\"dateModified\":\"2026-03-10T17:05:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/\"},\"wordCount\":753,\"publisher\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg\",\"articleSection\":[\"The Daily Breakdown\"],\"inLanguage\":\"en-us\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/\",\"url\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/\",\"name\":\"The Daily Breakdown: BTC Tries to Regain $70K\",\"isPartOf\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg\",\"datePublished\":\"2026-03-10T09:19:14+00:00\",\"dateModified\":\"2026-03-10T17:05:23+00:00\",\"description\":\"Bitcoin is charging higher as bulls look for a rebound in the crypto market. Oil prices continue to swoon as The Daily Breakdown digs in.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/#breadcrumb\"},\"inLanguage\":\"en-us\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-us\",\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/#primaryimage\",\"url\":\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg\",\"contentUrl\":\"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg\",\"width\":1200,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.etoro.com\/en-us\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Daily Breakdown\",\"item\":\"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"BTC Tries to Regain $70K\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.etoro.com\/en-us\/#website\",\"url\":\"https:\/\/www.etoro.com\/en-us\/\",\"name\":\"eToro\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.etoro.com\/en-us\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.etoro.com\/en-us\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-us\"},[]]}<\/script>","yoast_head_json":{"title":"The Daily Breakdown: BTC Tries to Regain $70K","description":"Bitcoin is charging higher as bulls look for a rebound in the crypto market. Oil prices continue to swoon as The Daily Breakdown digs in.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1239535","og_locale":"en_US","og_type":"article","og_title":"The Daily Breakdown: BTC Tries to Regain $70K","og_description":"Bitcoin is charging higher as bulls look for a rebound in the crypto market. Oil prices continue to swoon as The Daily Breakdown digs in.","og_url":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1239535","og_site_name":"eToro","article_publisher":"https:\/\/www.facebook.com\/eToro\/","article_published_time":"2026-03-10T09:19:14+00:00","article_modified_time":"2026-03-10T17:05:23+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_creator":"@eToro","twitter_site":"@eToro","twitter_misc":{"Written by":"Bret Kenwell","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/#article","isPartOf":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/"},"headline":"BTC Tries to Regain $70K","datePublished":"2026-03-10T09:19:14+00:00","dateModified":"2026-03-10T17:05:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/"},"wordCount":753,"publisher":{"@id":"https:\/\/www.etoro.com\/en-us\/#organization"},"image":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/#primaryimage"},"thumbnailUrl":"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg","articleSection":["The Daily Breakdown"],"inLanguage":"en-us"},{"@type":"WebPage","@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/","url":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/","name":"The Daily Breakdown: BTC Tries to Regain $70K","isPartOf":{"@id":"https:\/\/www.etoro.com\/en-us\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/#primaryimage"},"image":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/#primaryimage"},"thumbnailUrl":"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg","datePublished":"2026-03-10T09:19:14+00:00","dateModified":"2026-03-10T17:05:23+00:00","description":"Bitcoin is charging higher as bulls look for a rebound in the crypto market. Oil prices continue to swoon as The Daily Breakdown digs in.","breadcrumb":{"@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/#breadcrumb"},"inLanguage":"en-us","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/"]}]},{"@type":"ImageObject","inLanguage":"en-us","@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/#primaryimage","url":"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg","contentUrl":"https:\/\/www.etoro.com\/wp-content\/uploads\/2024\/01\/DBD_BlogHeader_TW.jpg","width":1200,"height":630},{"@type":"BreadcrumbList","@id":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/btc-tries-to-regain-70k\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.etoro.com\/en-us\/"},{"@type":"ListItem","position":2,"name":"The Daily Breakdown","item":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/"},{"@type":"ListItem","position":3,"name":"BTC Tries to Regain $70K"}]},{"@type":"WebSite","@id":"https:\/\/www.etoro.com\/en-us\/#website","url":"https:\/\/www.etoro.com\/en-us\/","name":"eToro","description":"","publisher":{"@id":"https:\/\/www.etoro.com\/en-us\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.etoro.com\/en-us\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-us"},[]]}},"_links":{"self":[{"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1239535"}],"collection":[{"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/users\/130"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/comments?post=1239535"}],"version-history":[{"count":0,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1239535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/media\/819735"}],"wp:attachment":[{"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/media?parent=1239535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/categories?post=1239535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/tags?post=1239535"},{"taxonomy":"asset_type","embeddable":true,"href":"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/asset_type?post=1239535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}