Bitcoin (BTC) rose above the $72,000 mark for the first time since March 5, with data from TradingView showing BTC/USD breaking that level on the Bitstamp exchange. The move marked a renewed push higher after several weeks of consolidation in the market.

Macro conditions remain relatively stable

The latest price gains came despite rising global uncertainty linked to global tensions and concerns about potential disruptions to oil supplies. At the same time, recent macroeconomic data released in the United States largely aligned with expectations, which helped reduce the likelihood of sudden volatility across financial markets.

Investors were also awaiting the release of the January Personal Consumption Expenditures (PCE) Index on Friday, a key inflation indicator widely regarded as the Federal Reserve’s preferred measure of price pressures. The previous PCE reading exceeded forecasts and reached its highest level since late 2023. Despite the possibility that an oil supply shock could push inflation higher, US President Donald Trump once again called on Federal Reserve Chair Jerome Powell to ease monetary policy.

“Where is the Federal Reserve Chairman, Jerome ‘Too Late’ Powell, today? He should be dropping Interest Rates, IMMEDIATELY, not waiting for the next meeting,” he wrote in a post on Truth Social. According to earlier reporting, the probability of a rate cut at the Federal Reserve’s March 18 meeting has now fallen below 1%.

Market participants focus on resilience

Amid these macroeconomic developments, Bitcoin traders have been paying close attention to the asset’s relative strength. Many market observers noted that BTC has managed to hold firm despite geopolitical pressures and broader market uncertainty. “Bitcoin has remained surprisingly resilient following the recent geopolitical shock,” onchain analytics platform Glassnode summarized in the latest edition of its regular newsletter, “The Week Onchain.”

Glassnode pointed to activity in the options market suggesting that traders are not heavily hedging against short-term downside risks. “An accumulation cluster is forming in the $62k–$72k range. However, its intensity is modest relative to prior phases that preceded sustained expansions,” it continued in an X post on Thursday while analyzing the cost basis of investors holding BTC for six months or less.

Some analysts also highlighted that Bitcoin has performed better than many traditional macro assets since the start of the escalation. “Passing the geopolitical stress test,” Joe Consorti, head of growth at Bitcoin equity company Horizon, commented.

Sources:

https://cointelegraph.com/markets/bitcoin-passing-geopolitical-stress-test-btc-price-spikes-above-72k

https://www.bea.gov/news/2026/personal-income-and-outlays-december-2025

https://truthsocial.com/@realDonaldTrump/posts/116217763545289031

https://insights.glassnode.com/the-week-onchain-week-10-2026/

https://x.com/glassnode/status/2032343178716570067

https://www.tradingview.com/symbols/BTCUSD/