Bitcoin traded sideways on Thursday after a volatile week, with the market closely watching resistance around $72,000. Order-book data showed dense sell orders between $71,200 and $72,000, while bids sat lower at $70,400, $70,000, and $69,600. At press time, BTC was $68,902, down 2.67% over the past 24 hours.

Bernstein analyst Gautam Chhugani says the current Bitcoin drawdown represents a cycle bottom and reiterates a year-end BTC target of $150,000. The firm also set a $450 price target for Strategy, implying 226% upside from Monday's $138.20 close, citing $56 billion of Bitcoin and cash versus $18 billion of total debt. Bernstein points to $2.2 billion of net Bitcoin ETF inflows over four weeks and ETF ownership of 6.1% of supply as key supports.

MARA Holdings sold 15,133 Bitcoin for roughly $1.1 billion between March 4 and March 25, 2026, using the proceeds to repurchase $1 billion of its 0% convertible senior notes due in 2030 and 2031. The company also updated its treasury policy in early March to permit BTC sales and is shifting capital toward AI-focused computing infrastructure, including a planned 1 GW initiative with Starwood Digital Ventures.

At 10:30 a.m. Eastern time on Thursday, bitcoin traded at $69,678 after pulling back from an intraday high of $71,570 and settling near the $69,500 area. The market remains locked in a range, with short-term momentum fading and multiple resistance levels overhead, while key support is watched around $69,000.

MARA Holdings said it sold 15,133 Bitcoin (BTC) from March 4 to March 25, 2026, liquidating $1.1 billion as part of efforts to bolster its balance sheet. It used $912.8 million of the proceeds for privately negotiated repurchase agreements with certain Convertible Senior Notes holders due 2030 and 2031. The company reported holding 38,689 BTC valued at about $2.68 billion, while its shares rose over 9% to around $9.15.

MARA Holdings sold 15,133 BTC for approximately $1.1 billion between March 4 and March 25 to fund a restructuring of its convertible debt. The company said it used the proceeds to repurchase $1.0 billion in 0.00% convertible senior notes at about a 9% discount, cutting total convertible debt from roughly $3.3 billion to $2.3 billion. Bitcoin was trading around the $70,000 level as the sale was disclosed.

Morgan Stanley is nearing the debut of its first spot Bitcoin product after the Morgan Stanley Bitcoin Trust received an NYSE Arca listing under the ticker MSBT. The fund is marked "pending listing," a status that typically appears shortly before trading begins. Market focus is now on when an effective date will be set and whether the launch draws meaningful inflows.

A dispute before the UK High Court involves an alleged theft of 2,323 Bitcoin (BTC), valued at about $176 million, after a seed phrase was reportedly obtained through covert recording rather than hacking. The claimant, Ping Fai Yuen, says his estranged wife Fun Yung Li and her sister accessed his wallet recovery details and later moved the BTC to 71 separate addresses. No further on-chain movements have been observed since Dec. 21, 2023, and the proceedings remain ongoing.