Bitcoin Hits 40-Day High Near $74,300 as ETFs See Strong Inflows on 16 March 2026

On March 16, 2026, Bitcoin briefly surged about $1,800 in 30 minutes to a 40-day high near $74,300, wiping out roughly $113 million in short positions and lifting total crypto market value to $2.52 trillion. Over March 9–13, Bitcoin spot ETFs recorded $767 million in net inflows, while Ethereum spot ETFs added $161 million, as traders also watched Fed policy, rising oil prices and key U.S. economic data for their potential impact on digital assets.