Bitcoin eyes $75,000, nearing 25% bounce from February bottom

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin eyes $75,000, nearing 25% bounce from February bottom Gains came for crypto and stocks as tensions around the Strait of Hormuz appeared to ease slightly, sending oil prices lower. By Krisztian Sandor , Helene Braun , James Van Straten | Edited by Stephen Alpher Mar 16, 2026, 2:26 p.m. Make us preferred on Google Bitcoin (BTC) price on Monday (CoinDesk) What to know : Crypto prices added to Sunday gains in morning U.S. trade, with bitcoin rising to just shy of the $75,000 level. The advance came alongside falling oil prices and rising equity prices as concerns over the closing of the Strait of Hormuz eased. Bitcoin miners turned AI infrastructure providers were higher across the board following Nebius inking a $27 billion deal with Meta. In this article BTC BTC $ 74,244.92 ◢ 3.68 % ADA ADA $ 0.2856 ◢ 7.64 % Cryptocurrencies started the week on a strong footing with bitcoin BTC $ 74,244.92 surging above $74,000 and U.S. equities bounced as oil prices eased. In morning U.S. trade, BTC hit its strongest price since early February at $74,500, up 3.9% over the past 24 hours. The largest crypto broke out of its six-week range, boosting sentiment across the broader market and lifting appetite for smaller, riskier tokens. Bitcoin (BTC) price action in 2026 (TradingView/CoinDesk) Bitcoin's bounce from its earlier February bottom of $60,000 is now nearing 25%, a notable move given several bounces of about that amount during 2022's long crypto winter. These rebounds failed multiple times that year before the final November flush to below $16,000, which came alongside the FTX collapse. Altcoins are outpacing bitcoin over the past 24 hours. Ether (ETH), solana (SOL) and ADA $ 0.2856 have each climes more than 7%, suggesting renewed appetite for higher risk crypto assets after a period when capital largely concentrated in bitcoin. U.S. equity indexes also were making moves higher after recent losses. The Nasdaq and S&P 500 were each more than 1% higher in the morning trading. Meanwhile, oil prices, a key driver of recent macro volatility, pulled back. Crude futures dropped about 4% Monday after briefly topping $100 per barrel over the weekend on Iranian strikes on energy infrastructure in the Middle East. The Monday action happened as tensions around the Strait of Hormuz — a critical oil shipping route between the Persian Gulf and global markets — appeared to ease slightly. U.S. President Donald Trump called on other nations to help secure the waterway, while some Pakistani oil tankers reportedly have crossed the Strait, suggesting that traffic through the corridor has not been fully disrupted. Crypto-related stocks were higher on Monday, with Circle (CRCL) up 6%. Strategy (MSTR) and Coinbase (COIN) were about 5% and 3% higher, respectively. Bitcoin miners gain too Amsterdam-based AI infrastrcuture provider Nebius (NBIS) signed an agreement with Meta (META) valued at up to approximately $27 billion, marking one of the largest AI compute partnerships announced this year. Under the five-year deal, Nebius will provide roughly $12 billion in dedicated AI compute capacity across multiple locations. The infrastructure will be built on one of the first large-scale deployments of NVIDIA systems, designed to support Meta’s expanding AI workloads. Shares of Nebius rose about 13% following the announcement, while Meta gained 2.5%. The deal appears to be lifting sentiment across the broader AI compute and data center cohort. Among bitcoin-related names: IREN (IREN) was higher by 6%, Galaxy Digital (GLXY) by 8%, and Cipher Mining (CIFR) by 7%. Bitcoin News Market Wrap Oil Iran More For You Bitcoin outperforms gold and stocks in global turmoil as ETFs and Strategy accumulate By Will Canny , AI Boost | Edited by Stephen Alpher 33 minutes ago Wall Street broker Bernstein took note of an institutional ownership shift as behind bitcoin's resilience during this latest bout of global turmoil. What to know : Bitcoin rose about 7% last week, outperforming gold and equities during geopolitical volatility, Bernstein said. The broker attributed the resilience to a shift in ownership toward institutional investors via spot ETFs and Michael Saylor’s Strategy. Long-term holders and institutional capital are strengthening bitcoin’s capital base even as retail investors sell, the report said. 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