On March 7, 2026, US President Donald Trump warned that Iran would be hit "very hard" and said previously untargeted areas and groups were now under serious consideration for destruction, after Tehran dismissed his demand for unconditional surrender but apologized to neighboring states. Bitcoin earlier dropped from $67,000 to $63,000 on the first wave of strikes before rebounding to $68,000 and later reaching $74,000 mid-week, yet it now trades around $68,000 with the prospect of renewed volatility if the geopolitical situation escalates.

On-chain metrics show Bitcoin in a structurally stressed phase as its price trades about 20–25% below estimated miner production costs around $89,000–$91,000. While miners face margin compression and have been liquidating reserves, indicators such as the Inter-exchange Flow Pulse golden cross and growing stablecoin capitalization suggest early-stage accumulation and capital rotation may already be forming.

According to market data, MSTR added over 3,000 BTC on 02 March and has accumulated a total of 4,277 BTC this week via the STRC index. STRC has traded about $780 million over the last five sessions, reclaimed the $100 level, and projections indicate it could help Strategy push Bitcoin purchases toward 8,000–10,000 BTC by Monday.

On 7 March 2026, Bitcoin payments firm Strike, led by Jack Mallers, began offering its full range of services in New York after obtaining both a BitLicense and Money Transmitter License from the state's financial regulator. The approval, granted in February 2026 to parent company Zap Solutions, enables residents to buy and sell Bitcoin, convert paychecks into BTC, and pay bills directly from their Bitcoin balances. Strike states it holds customer assets 1:1, covers on-chain withdrawal fees, and is exploring future Bitcoin-backed lending products tied to users' existing BTC holdings.

Bitcoin surged past the six-figure zone in 2024 and later set a record peak at $126,000, reinforcing long-term bullish expectations even as it now trades below $100,000. According to an analysis by Setupsfx on TradingView, the recent reclaim of $70,000 with strong buying volume supports a recovery structure with key upside targets at $104,000, $124,000 and $134,000, while a $200,000 price objective remains a long-term possibility. The $104,000 area is highlighted as a major liquidity gap and resistance region that Bitcoin must clear to sustain the broader uptrend.

Bitcoin slipped below the key $70,000 mark on Friday after a weaker-than-expected U.S. employment report sent shockwaves through crypto markets. The price dropped around 2.8-3% toward $69,430 as traders weighed rising recession risks against the prospect of Federal Reserve rate cuts. With the February CPI data due March 11 and the FOMC meeting scheduled for March 17-18, market participants are watching whether signals of future easing in 2026 can help BTC reclaim the $70,000–$71,000 zone.

Crypto analytics firm Santiment reports that Bitcoin whales holding between 10 and 10,000 BTC have sold around 66% of the coins they accumulated between Feb. 23 and Mar. 3, after prices briefly touched $74,000 this week. While retail holders with less than 0.01 BTC have been buying the dip below $70,000, Santiment and other analysts warn the correction could continue, especially after a $348.9 million outflow day from US spot Bitcoin ETFs and a plunge in sentiment to "Extreme Fear."

According to on-chain data shared by CryptoQuant community analyst Maartunn on X, Bitcoin’s Exchange Whale Ratio 30-day simple moving average has climbed to 0.6 after a sharp rise during the latest price pullback. The ten largest deposit transactions now account for 60% of total exchange inflows, signaling that large holders may be exerting selling pressure while BTC trades near $68,400. The Bitcoin Inter-exchange Flow Pulse has also flipped back above its 90-day moving average, hinting at a recovery in derivatives-related activity.