According to OKX market information, Bitcoin briefly fell below $71,000 and is currently priced at $71,468, with a 24-hour decline of 1.29%.

Bitcoin has broken to its fourth cycle all-time-high, rallying above $72k, and pushing sentiment one step closer to Euphoria. The classic wealth transfer from the HODLer cohort to speculators is now well underway, with significant upticks in spot profit taking, and demand for futures leverage.

According to Coinbase data on March 12th, Bitcoin broke through $73,000 and is now priced at $73,027, continuing to reach new historical highs.

Bloomberg reported that Erik Thedeen, Governor of the Swedish Central Bank, said: "I hope to see as little Bitcoin as possible in the Swedish financial system. It is an unvaluable tool and is actually based on pure speculation. Although Bitcoin does not pose a threat to financial stability, it is still a risk to consumers."

In the ever-evolving landscape of blockchain and cryptocurrency, ZKBase has taken a significant leap forward with the introduction of ZKSwap(Bitcoin) V0.1 Testnet on March 11, 2024.

Trade Strategy: Call Ladder View: Moderately Bullish View on BTC

The market shows BTC has broken through $72,500 and is currently trading at $72,504.8, with a daily increase of 4.73%. The market is volatile, so please be prepared for risk control.

The nominal open interest of CME Bitcoin futures has exceeded 10 billion US dollars for the first time, which is twice the peak value of 5.2 billion US dollars during the bull market period in 2021, and also exceeds the market value of several top 25 cryptocurrencies such as Litecoin and Bitcoin Cash.

Former US President Donald Trump said in an interview with CNBC that "Bitcoin has been widely used, and I am not sure whether to ban it. I will not allow other countries to get rid of the US dollar."

On March 11th, the news "Bitcoin breaks through $71,000" landed on the Weibo hot search list, ranking 33rd temporarily.

According to Coindesk, Bitcoin rose on Monday as rumors of the Bank of Japan potentially loosening its policies regarding ultra-low interest rates shook the Asian market. Some Asian stock indices fell, with the Nikkei and ASX indices in Japan and Australia respectively dropping by 2%. Earlier reports suggested that the Bank of Japan may raise its benchmark interest rate this month, which would be the first time since 2007. In addition, the Bank of Japan may abandon its bond-buying program after ending its negative interest rate policy. Analysts have long warned that the Bank of Japan is a major source of uncertainty for both traditional and cryptocurrency markets. The potential lifting of the Bank of Japan's support for a liquidity stance and resulting strengthening of the yen could jeopardize yen carry trades, which could strengthen the risk appetite rebound of financial markets, including tech stocks and cryptocurrencies, that has lasted for a year.

According to BitMEX Research data on March 8th, Bitcoin ETF saw a net inflow of $223 million, and the ETF assets, excluding GBTC, have now exceeded $28 billion, surpassing GBTC's assets for the first time.

Anthony Pompliano, the founder of Pomp Investments, made an optimistic prediction about Bitcoin in an interview with CNBC, suggesting that the price of Bitcoin could soon rise to $138,000. He pointed out that historically, the value of Bitcoin has doubled in 18 days or less after surpassing three-quarters of its previous peak price.

The market shows Bitcoin has broken through $70,000 per coin, rising 3.93% within the day and hitting a new high.

Every week we bring you the three most important charts on the topics of macroeconomics, Bitcoin and digital assets. Today we'll cover: The institutionalization of Bitcoin.How Bitcoin is beating gold: a shift in global store of value.Is Ethereum underpriced relative to Bitcoin?

Lin Chen, the head of Deribit's Asia-Pacific business, stated on X platform that the current historical volatility of BTC is 66.45%, and the volatility index (implied volatility) is 68.9%.

Tesla's bitcoin holdings have once again become a topic of discussion in the cryptocurrency community. The cryptocurrency data analysis platform Arkham recently added Tesla's bitcoin wallet tracking function to its dashboard, which shows a balance of 11,509 BTC for the BTC wallet associated with Tesla, an increase of approximately 1,789 BTC compared to the previous report's balance of 9,720 BTC. It is reported that Tesla's schedule for holding and selling bitcoin is as follows: February 2021: Purchased $1.5 billion worth of bitcoin; March 2021: Sold 4,320 bitcoin; 2022: Will sell 29,160 bitcoin; 2023: The balance of 9,720 BTC remains unchanged.

Futures-implied yields for BTC and ETH rose strongly during the rally to all-time high BTC prices, indicating a return to the strong demand for leveraged long exposure that we saw build-up ahead of the ETF announcement in late January. This is echoed by the extremely high funding rates for each coin. In a repeat of their reaction to last week’s spot rally, the term structures for both majors have inverted significantly, with the implied volatility at the front end reaching ~75%. Similarly, the volatility smiles are skewed strongly towards OTM calls, with a slight out-performance for BTC upside exposure over ETH.

Kaiko posted on X platform that the Bitcoin trading volume yesterday surpassed 46 billion US dollars, reaching the highest level since 2021.

According to OKX market data on March 5th, Bitcoin once again briefly broke through $68,000 and is now slightly falling to $67,953, with a 24-hour increase of 3.96%.