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Bitcoin above $71,000, ETH, SOL, ADA zoom higher as cryptos shrugs off stock weakness
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Mar 13, 2026
The broader crypto market capitalization sat near $2.4 trillion for a third straight session, reflecting a market that has been stuck in a tight band since the sharp sell-off in late January.
That stability stands out against a much shakier backdrop in traditional markets. Asian stocks slipped earlier Friday and the S&P 500 has struggled this week as oil prices surged toward $100 per barrel amid geopolitical tensions in the Middle East and supply disruptions.
Yet crypto markets appear to be largely ignoring those pressures for now.
“Bitcoin is feeling more confident at levels near $70K, settling at the upper limit of the consolidation range of the last four weeks,” said Alex Kuptsikevich, chief market analyst at FxPro. “It is difficult for Bitcoin to grow amid a strengthening dollar and falling stock indices."
Data from analytics firm Glassnode suggests the current phase is more stabilization than breakout. The firm noted that while some on-chain metrics are improving, a sustained bull run would likely require a fresh influx of capital rather than continued rotation among existing holders.
The relative calm may also reflect a broader shift in how institutions view the asset.
“Indeed, Bitcoin is in its transition phase as a financial tool,” said Dom Harz, co-founder of BOB. “Institutions want more than exposure to Bitcoin and are increasingly looking for the infrastructure designed to unlock Bitcoin’s financial utility.”
Harz pointed to the growing push toward Bitcoin-native financial infrastructure — often referred to as Bitcoin DeFi — that allows institutions to build lending, payments and yield products directly on top of Bitcoin’s security layer.
Sources >> Bitcoin above $71,000, ETH, SOL, ADA zoom higher as cryptos shrugs off stock weakness
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