Bitcoin above $71,000, ETH, SOL, ADA zoom higher as cryptos shrugs off stock weakness

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin above $71,000, ETH, SOL, ADA zoom higher as cryptos shrugs off stock weakness Majors posted modest gains Friday with BTC hovering near the top of its month-long range even as equities struggle under rising energy prices and geopolitical stress. By Shaurya Malwa Mar 13, 2026, 4:39 a.m. Make us preferred on Google What to know : Bitcoin is holding near $71,000 and trading at the upper end of a monthlong consolidation range, even as global stock markets wobble and oil prices climb. The broader crypto market, with a capitalization around $2.4 trillion, has remained in a tight band since late January, with major tokens like Ether, Solana, XRP and BNB posting modest gains. Analysts say Bitcoin's resilience reflects a stabilization phase that may require new capital for a sustained rally, as institutions increasingly explore Bitcoin-native financial infrastructure and so-called Bitcoin DeFi. Bitcoin held firm near $71,000 on Friday, extending a quiet stretch of consolidation that has kept the crypto market largely unmoved by turbulence in global equities. BTC traded around $71,300 in early trading, up roughly 2.6% over the past 24 hours and slightly higher on the week. Ether changed hands near $2,117, gaining about 4.6% on the day, while Solana’s SOL climbed more than 5%. XRP rose to $1.41 and BNB hovered around $661, both posting modest daily gains. 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." "But the very fact that it is holding steady against this backdrop supports hopes for a fundamental change in sentiment compared to previous months, when almost any news was a reason to sell BTC.” 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. “This Bitcoin-native financial architecture is at the centre of Bitcoin DeFi,” Harz said. “As the macro backdrop continues to challenge legacy asset classes, the advantages of a financial system built on Bitcoin DeFi become clear.” For now, price action suggests traders remain comfortable keeping bitcoin inside its recent $60,000–$72,000 corridor. Until a clear macro catalyst or wave of new capital arrives, the market appears content to consolidate near the upper end of that range rather than chase a breakout. More For You Bitcoin climbs to near $72,000 after Treasury Secretary Bessent attempts to calm oil fears By Stephen Alpher 4 hours ago Bessent said the U.S. Treasury Department will provide temporary authorization to allow countries to purchase Russian oil currently in transit. What to know : Treasury Secretary Scott Bessent said the U.S. will allow the purchase of some Russian oil in order to help cap surging prices. The news sent bitcoin jumping to just below $72,000, and the price of oil down about $2 per barrel. 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