As of March 5, 2026, the global cryptocurrency leader Bitcoin continues to surge, breaking through $73,000. The 24-hour increase exceeds 8%, hitting a nearly one-month high and driving a comprehensive rebound in the crypto market.

Prior to this rally, Bitcoin was temporarily pushed down to around $63,000 due to geopolitical conflicts but quickly stabilized and rebounded. Market data shows Bitcoin repeatedly breaking through key resistance levels, with Ethereum rising in tandem above $2,100. Mainstream crypto assets are collectively strengthening, and Coinbase's stock price surged over 12% in a single day.

Market analysis suggests that this rebound is driven by multiple factors resonating together: First, institutional funds are flowing back, with US spot Bitcoin ETFs attracting over $680 million in two consecutive days, significantly reducing long-term holders' selling volume; second, policy expectations are heating up, with the advancement of US crypto regulation bills and the launch of Hong Kong stablecoin licenses boosting market confidence; third, the safe-haven attribute is becoming more prominent. Amid global market volatility, Bitcoin is moving independently from traditional assets, showing a divergence in trend.

On-chain data indicates that over 120,000 short accounts were liquidated within 24 hours, with long positions dominating. Although still below historical highs, this rebound has broken previous consolidation patterns, and market sentiment has shifted to cautious optimism.

Industry experts remind that cryptocurrency prices are highly volatile, and short-term trends are influenced by multiple factors such as capital flows, policies, and macro interest rates. Investors should view the market rationally and strictly control risks.