{"id":343510,"date":"2026-03-17T08:50:19","date_gmt":"2026-03-17T08:50:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/343510\/"},"modified":"2026-03-17T08:50:19","modified_gmt":"2026-03-17T08:50:19","slug":"why-bitcoin-is-crushing-it-today-up-3-7","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/343510\/","title":{"rendered":"Why Bitcoin Is Crushing It Today, Up 3.7%"},"content":{"rendered":"

As of 2:45 p.m. ET, Bitcoin (BTC<\/a> +1.33%) is once again leading the broader cryptocurrency<\/a> sector higher, gaining 3.7% over the past 24 hours. <\/p>\n

\"Bitcoin<\/p>\n

Today’s Change<\/p>\n

(1.33%) $971.08<\/p>\n

Current Price<\/p>\n

$74244.00<\/p>\n

Key Data Points<\/p>\n

Market Cap<\/p>\n

$1.5T<\/p>\n

Day’s Range<\/p>\n

$73088.00 – $75937.00<\/p>\n

52wk Range<\/p>\n

$60255.56 – $126079.89<\/p>\n

Volume<\/p>\n

57B<\/p>\n

This move has brought the world’s largest digital asset back to the $74,000 level, which is impressive, considering it traded around $62,000 on a couple of occasions over the past month. <\/p>\n

Let’s dive into what’s behind Bitcoin’s recent impressive rally<\/a> back toward $75K and whether this mega-cap crypto could be headed back to six-figure territory in short order. <\/p>\n

Key drivers of today’s move in Bitcoin
\n\"Arrow<\/p>\n

Image source: Getty Images.<\/p>\n

Geopolitical concerns have ratcheted down somewhat over the past weekend, with Bitcoin’s daily move superseded by impressive upside seen over the past few days. In fact, from 4 p.m. ET on Friday, Bitcoin is actually up a little more than 4%. <\/p>\n

I’ve seen plenty of discussion about institutional capital flowing back into the crypto sector in recent days, providing a key driver for retail investors and traders looking to time their investments in this token. While I believe in Bitcoin’s long-term value (and don’t view this token as a trading vehicle), I’m also not naive to the fact that others do. Thus, expectations that more capital will flow into the Bitcoin network are reason enough to see a 4% bump in this top token over the weekend.<\/p>\n

Additionally, news that Bitcoin treasury company Strategy (MSTR<\/a> +5.63%) has added to its Bitcoin stake and made key developments in its internal funding model appears to have calmed investors concerned about potential liquidations from Strategy and similar firms. With a significant percentage of the overall Bitcoin supply held by companies like Strategy, stress driven by lower Bitcoin prices has been a thorn in the side of those holding Bitcoin directly (with some downward-spiral implications tied to this heightened investor concentration). <\/p>\n

Moving forward, I think so long as Bitcoin continues to trudge higher, bulls looking to place leveraged bets on this token could drive significant near-term upside (again, if this momentum can be sustained). I think the big question on many investors’ minds right now is whether the U.S.\/Iran conflict will end in short order. If market participants receive signals in the affirmative, Bitcoin’s recent rally could be amplified in the weeks to come. <\/p>\n

Chris MacDonald<\/a> has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"As of 2:45 p.m. ET, Bitcoin (BTC +1.33%) is once again leading the broader cryptocurrency sector higher, gaining…\n","protected":false},"author":2,"featured_media":343511,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":["post-343510","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/343510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=343510"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/343510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/343511"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=343510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=343510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=343510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}