Geo-political tensions are rocking the crypto market, swinging it from profits to losses and back to profits within hours. In the last 24 hours, the market went from reds to greens, reflecting gains next to most assets. Bitcoin on Thursday, registered a price hike of 1.45 percent. At press time, the asset was trading at $70,435.
Speaking with Coin Headlines, market analysts said that Bitcoin’s rebound can be credited to the CPI data that showed that inflation has held steady at 2.4 percent for the 12 months ending February. The data came in line with expectations, helping ease market concerns.
“Despite steady ETF inflows, BTC continues to trade within a range as traders wait for a stronger catalyst. Investors are now watching the upcoming U.S. jobless claims data. Positive numbers could help BTC test the $72,500 zone, while the support remains at $68,000,” said Akshat Siddhant, Lead quant analyst at Mudrex.
Ether minted profits of a slightly over two percent over the last day. The asset was trading at $2,065 at the time of writing.
“The probability of near-term Federal Reserve rate cuts remains low, keeping risk assets in a cautious environment,” Riya Sehgal, research analyst at Delta exchange told Coin Headlines.
All of the top ten crypto assets by market cap registered small profits over the last day. These include BNB, XRP, Solana, Tron, and Dogecoin — al of which registered gains of under three percent.
Meanwhile, Hyperliquid and Pi clocked price hikes of ten percent each to trade at $37.7 and $0.2557 respectively.
In the backdrop of majority crypto assets trading in profits, the overall crypto market cap also rose by 1.24 percent. The market valuation presently sits at $2.4 trillion, showed data by CoinMarketCap.
“Bitcoin still dominates market sentiment, while altcoins face mixed performance and higher volatility, especially in DeFi sectors. Overall, 2026 is shaping into a pivotal year for crypto, with increasing institutional integration, technological innovation, and progress toward becoming a more regulated mainstream asset class,” noted Sathvik Vishwanath, Co-Founder and CEO, Unocoin.
Cardano, Leo, Avanlanche, Zcash, and Polkadot are among tokes trading in minor losses on Thursday.
Source: CoinMarketCap
Over 78,870 traders were liquidated in the last 24 hours with the total liquidations hitting $180.91 million, as per CoinGlass.