Known for their extreme volatility, cryptocurrencies have surprisingly maintained some semblance of stability over the past week amid major geopolitical developments.
Data provided by TradingView shows that Bitcoin (BTC), the undisputed cornerstone of the cryptocurrency ecosystem that sets the tone for broader market movements, has largely coiled in a tight range since February 7.
BTC/USD 1-day chart. Source: TradingView
From a technical perspective, its recent price action has the classic hallmarks of a consolidation phase. After testing support near $62,900 last week amid risk-off sentiment, BTC rebounded sharply above $66,000, briefly surpassing $69,000 in a short squeeze.
While this past weekend’s flare-up in Iran saw a brief wick below $63,000 on Saturday, King Crypto recovered quickly and has continued to trade between $65,000 and $70,000. This choppy movement aligns with a larger corrective cycle from 2025 highs, yet dip-buying interest persists around the $60,000–$63,000 zone.
One major factor influencing Bitcoin’s trajectory and providing support is institutional inflows into spot Bitcoin ETFs, which collectively pulled in $1.45 billion over five days, reinforcing bullish conviction.
The debate now rages as to when prices will start to head higher. Analysts such as macro economist Henrik Zeberg project a primary scenario of $110,000–$120,000 by month-end, citing sustained ETF demand and shifting risk-on sentiment.
Geopolitical tensions in the Middle East, however, have introduced headwinds, triggering broader market sell-offs and correlating Bitcoin’s moves with equities (78% correlation with the S&P 500 recently). Macro elements like interest rates, tariff uncertainties, and dollar strength add layers of pressure.
Addressing the bearish outlook is analyst Willy Woowho has warned of deeper weakness extending into Q4 2026, with potential bottoms near $45,000 in a classic post-halving bear phase.
Prediction markets currently price an 86% chance of Bitcoin staying below $65,000 for the month, reflecting skepticism that ETF flows and macro tailwinds can overpower near-term headwinds like geopolitical risks and equity correlation. That said, community sentiment remains strongly bullish at 80%, with many viewing the current range as accumulation ahead of the next leg up.
At the time of writing, Bitcoin trades at $68,221, an increase of 4.2% on the 7-day chart.
Hyperliquid Weathers the Crypto Winter Storm
Tokens that facilitate the bridging of TradFi and DeFi have been some of the top performers during the recent downturn, including Hyperliquid.
Hyperliquid is a high-performance Layer-1 blockchain purpose-built for decentralized finance, particularly excelling in on-chain perpetual futures and spot trading. Its native token, HYPE, has been notably stronger than the broader market.
HYPE/USD 1-day chart. Source: TradingView
The token posted 16% gains over the past week and remains up roughly 662% since its November 2024 launch, though it faces near-term pressure from an upcoming $316 million token unlock on March 6.
Volatility tied to platform usage has been key to its recent price performance: during Middle East escalations, oil perpetuals on Hyperliquid surged nearly 20%, generating millions in volume and lifting HYPE over 5–8% in early March sessions.
Another factor providing a boost is Hyperliquid’s technological edge. Growth factors center on Hyperliquid’s technological edge and tokenomics. The chain delivers sub-second latency, handles up to 100,000 orders per second, and eliminates gas fees for perpetuals via its fully on-chain order book and HyperBFT consensus.
These capabilities have led to a surge in Institutional demand for its decentralized perps exchange, positioning it as a volatility hedge. Upgrades such as prediction markets and strong on-chain activity further support the token's value accrual. Analysts eye ambitious targets like $150 long-term, with shorter-term forecasts suggesting $38–$40 by end-March if volumes sustain.
With a total value locked in excess of $4.3 billion and more than $13 million in revenue earned weekly from fees, HYPE has effectively become a crypto winter haven and stands poised for strength in the future.
At the time of writing, HYPE trades at $31.17, an increase of 15.51% on the 7-day chart.
We hope you enjoyed reading our analysis of what’s going with Bitcoin and HYPE. If you’d like to trade with one of the best crypto brokers, check out our list.