Bitcoin price holds above $70k as exchange outflows rise and Iran conflict impact eases

  • Exchange outflows reduce available Bitcoin, tightening the market.
  • Easing Iran tensions boosts investor confidence and trading activity.
  • Traders and institutions step in, supporting the price during dips.

Bitcoin (BTC) has rebounded above $70,000 amid easing impact from the ongoing war between Iran, the United States and Israel.

At the start of the war, the cryptocurrency dipped below $66,000 within days, but it has now stabilised and started to rise, though sluggishly.

At press time, BTC was trading at $71,033, up 4.1% in 24 hours and 7% over the past week.

Exchange outflows tighten available supply

The decline in Bitcoin reserves on exchanges has become a notable trend in recent months.

Holdings on centralised platforms have dropped to levels not seen since 2019, with millions of coins being withdrawn into private wallets or institutional custody.

Bitcoin Exchange Reserve
Source: CryptoQuant

This trend reflects growing confidence among long-term investors, who are increasingly keeping their Bitcoin off-exchange to reduce exposure to sudden liquidations.

Spot Bitcoin ETFs have also contributed to this reduction in available supply.

Since their introduction, the Bitcoin ETFs have absorbed substantial amounts of BTC, storing them in secure cold storage.

This accumulation limits the coins available for active trading, creating a tighter market environment.

Corporate treasuries have further added to the trend, holding significant amounts of Bitcoin for strategic purposes.

Together, these movements mean that while overall demand remains, fewer coins are actively circulating, creating potential for price support.

Geopolitical tensions ease, risk appetite returns

Furthermore, Bitcoin’s price rebound coincides with a decline in market fears over the Iran conflict.

Earlier concerns about potential escalation had briefly pushed oil prices higher and fueled risk-off sentiment across global markets.

But as the situation shows signs of stabilisation, investor confidence is gradually returning, especially after United States President Donald Trump hinted that the war could end very soon.

The easing of these geopolitical risks has allowed traders to step back into Bitcoin positions that had been paused during periods of heightened uncertainty.

Futures markets and institutional desks have also seen renewed activity, helping to support the cryptocurrency even amid broader market volatility.

Oil price fluctuations, which previously pressured Bitcoin along with other risk assets, have also eased as markets adjusted to the changing risk landscape.

Bitcoin price outlook

Technical indicators suggest that Bitcoin is in a strong bullish rebound, although momentum has been uneven.

Bitcoin price chart
Bitcoin price analysis | Source: TradingView

While short-term swings remain, the underlying supply-tightening trends and renewed institutional demand offer a structural basis for continued price resilience.

Investors appear cautious but committed, signalling that the market may continue to hold its gains as long as supply pressures remain and macro conditions stabilise.

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Hyperliquid crypto price soars as Arthur Hayes predicts HYPE will hit $150

  • Arthur Hayes predicts the Hyperliquid crypto price could reach $150.
  • Hayes’ prediction is supported by strong trading activity, which fuels more buybacks.
  • The immediate resistance levels to watch sit at $35.03, $39.87, and $43.82.

The price of Hyperliquid (HYPE) has climbed steadily as it responds to growing bullish sentiment around the fast-rising derivatives exchange.

At press time, the token was trading at around the $33 after a strong recovery from recent lows.

Why is the price of Hyperliquid crypto rising?

Much of today’s Hyperliquid crypto price surge can be attributed to the excitement around Arthur Hayes’ prediction that the HYPE token could surge to $150 this year.

This bold forecast has quickly become one of the most talked-about topics in the crypto derivatives market.

Hayes believes the rally could unfold over the next few months as the Hyperliquid exchange continues to expand its ecosystem and attract new trading activity.

He even described HYPE as his largest liquid altcoin bet, a statement that immediately caught the attention of traders looking for the next major breakout project.

Notably, Hayes’ prediction comes at a time when decentralised derivatives platforms are gaining ground in the broader crypto industry.

More traders are exploring alternatives to centralised exchanges, especially platforms that offer deep liquidity and fast execution, and Hyperliquid has managed to capture that demand by focusing on high-performance infrastructure and a streamlined trading experience.

As a result, Hyperliquid has rapidly built a reputation as one of the most active decentralised derivatives venues in the market.

Strong trading activity supports the bullish HYPE outlook

One of the key factors supporting the bullish narrative is the platform’s growing trading activity.

Higher trading volumes translate directly into revenue for the protocol, and a large portion of this revenue is used to buy back HYPE tokens from the market.

These buybacks tighten the supply of HYPE tokens available on exchanges and help strengthen price momentum during periods of rising demand.

Nevertheless, analysts believe that reaching Hayes’s ambitious $150 target would likely require a major expansion in exchange revenue.

That kind of growth would depend heavily on continued adoption of derivatives trading within the crypto sector.

The key technical levels to watch

Beyond the fundamental story, technical indicators are also providing clues about where the Hyperliquid (HYPE) price could move next.

Recent price movements show that $32.28 has emerged as a short-term support zone since it has repeatedly held during recent pullbacks.

If that support gives way, the next support level appears near $28.98, which has acted as a historical price floor.

On the upside, traders should closely watch the $35.03 resistance level.

The cryptocurrency has tested this zone several times in recent sessions.

A clear breakout above that level could open the door for a move toward $39.87, which analysts say represents the next major resistance area.

If momentum continues beyond that point, the third resistance level sits around $43.82.

Breaking through these resistance levels would likely confirm a stronger bullish trend in the months ahead, likely towards the Arthur Hayes-predicted price target.

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Zcash price forecast as ZEC extends gains above $200

  • Zcash gained 9% to above $215 but faces resistance and could dump hard.
  • The altcoin rose amid Bitcoin’s rebound to above $69,000 on Monday.
  • Privacy coin narrative and venture funding have helped ignite ZEC’s uptick.

Zcash (ZEC) rose nearly 9% after bouncing from recent lows, placing the token among the top gainers among the 100 largest cryptocurrencies by market capitalisation.

The privacy-focused coin retested resistance above $215 as altcoins broadly posted modest gains over the past 24 hours.

Sentiment improved after Bitcoin climbed above $69,000, helping lift the wider market.

ZEC advanced alongside other privacy-oriented tokens, including Tornado Cash, Oasis Network, and Dash.

Monero (XMR) also recorded gains, with the token rising nearly 3% over the past 24 hours.

What could help Zcash price higher?

While the broader market rebound has supported Zcash (ZEC), other factors may also be contributing to the token’s recent bounce.

ZEC appears to be drawing momentum from a new report by the United States Department of the Treasury, which acknowledged that crypto privacy tools such as token mixers can serve legitimate purposes.

The report states that such tools may be used for “legitimate financial privacy purposes,” marking a shift in tone from previous official positions regarding mixers and other privacy-focused technologies.

“Lawful users of digital assets may leverage mixers to enable financial privacy when transacting through public blockchains,” the Treasury said in its report to Congress.

The token has also benefited from ecosystem developments.

The team behind a new Zcash-powered mobile wallet recently secured $25 million in a funding round backed by several venture capital firms active in the digital asset sector.

According to ZODL, the backing “signals strong investor confidence” in shielded ZEC transactions.

Players that participated in the funding include Paradigm, a16z crypto, Winklevoss Capital, and Coinbase Ventures.

Others were Cypherpunk Technologies and Arthur Hayes’ family office, Maelstrom.

Josh Swihart, the former CEO of Zcash developer Electric Coin Company (ECC), founded Zodl (formerly Zashi) in 2024.

Zcash price: breakout or dump below $175?

Zcash (ZEC) was among the standout performers in the privacy-focused segment of the crypto market in 2025.

The token rallied from lows near $50 in September to a peak of about $700 by mid-November.

However, the gains proved difficult to sustain as the broader market turned lower.

As Bitcoin declined and the wider crypto market followed, ZEC retraced sharply, slipping to below $220.

The token fell further to around $184 on February 5, 2026, during a broader market sell-off that coincided with the departure of core developers from Electric Coin Company (ECC).

Following the sharp downturn, ZEC is currently down about 58% on a year-to-date basis.

Zcash Chart

Zcash price chart by TradingView

The daily chart indicates that Zcash (ZEC) has rebounded from a key support level near $200.

If upward momentum strengthens, the token could test initial resistance in the $290–$300 range, with a potential move toward $400 if buying pressure persists.

The relative strength index (RSI) has turned higher around the 50 level, suggesting the possibility of continued bullish momentum.

However, the moving average convergence divergence (MACD) points to weakening upside strength, which could give sellers an opportunity to push the price back toward recent lows.

On the downside, ZEC could decline to levels last seen in October 2025 if bearish pressure intensifies.

A decisive close below $175 may open the door to further losses, with the next key support level around $120.

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Avalanche price forecast as bears keep AVAX below key level

  • Avalanche climbed above $9 as bulls mirrored broader gains.
  • However, the altcoin remains in bearish momentum as the price hovers below a key level.
  • Derivatives data and technical indicators offer a mixed outlook for the AVAX price.

Avalanche price continues to face headwinds as the token trades just above $9.00.

Despite slight gains after four consecutive days of downward action, AVAX price remains below the $10 mark as on-chain metrics and technical indicators show a mixed outlook.

The overall bearish price action and underlying crypto market sentiment favour sellers, particularly amid the unfolding geopolitical scenario.

Avalanche derivatives outlook

The derivatives market for Avalanche presents a conflicting picture that traders must navigate carefully.

On one hand, Avalanche futures Open Interest (OI) has fallen to $387 million, having declined steadily since mid-January.

Coinglass data shows OI is nearing the February low of $361 million, which could highlight a drop in investor confidence amid a broader bearish outlook.

Such a decline in open interest typically suggests that traders are closing positions rather than opening new ones, reflecting a cautious or bearish sentiment across the broader market.

However, a closer look at the funding rates tells a different story. The funding rate for AVAX turned positive on Monday after hitting -0.0153% on March 6.

While it is not steady amid recent price declines, it currently hovers around 0.0070%.

A positive funding rate indicates that long positions are paying shorts.

Often, this suggests that despite the falling price, a segment of the market remains bullish and is willing to pay a premium to hold long positions.

This divergence of a falling open interest and positive funding suggests that while overall participation is down, the remaining leveraged traders are optimistic of a notable rebound.

Avalanche price forecast

The technical picture for Avalanche indicates that the region around the $8.63 and $8.10 levels provides a crucial support zone.

AVAX has bounced off this area multiple times in the past two months, with bulls setting the lower boundary of the range as a key level on Feb 6 and on Feb 26.

However, the bulls have failed to go higher amid supply wall rejection below $10.

Avalanche’s price has declined by more than 26% year-to-date.

Avalanche AVAX Price Chart
Avalanche price chart by TradingView

The Relative Strength Index (RSI) currently reads 46, which is below the neutral 50 level.

However, it’s upturned to indicate that bulls could reclaim traction.

Also notably, the Moving Average Convergence Divergence (MACD) indicator features a bullish crossover whose upside bias has not yet been invalidated.

As of Monday morning, AVAX traded at $9.08, hovering just above the critical support zone.

Should the market sentiment shift and buyers step in, a recovery to above $11 could bring the next level of $14 into play.

If the bearish momentum outlook picks up fresh momentum, the token’s value could test the February 6 low of $7.53.

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DeXe price hits 3-month high amid 22% rally: What’s next?

  • DEXE price is up amid a volume spike and broader crypto resilience.
  • Bitcoin, Ethereum, and Solana are all holding onto gains despite the Iran war.
  • DeXe has hit the $4.70 mark and could eye an extended rally to $9.00.

DeXe, the governance token for the DeXe Protocol, has surged to its highest level in three months after a robust 22% spike in the past 24 hours.

The DEXE token, which traded among the top gainers early Monday alongside Chilliz, Bittensor, and Pi Network, has surged by more than $112% in the past month to trade at prices last seen in late November 2025.

DeXe price today

DeXe is trading above $4.70 at press time on Monday, March 9, 2026, extending intraday gains to over 22%.

The surge comes after a breakout above $3.71 on Sunday, with today’s uptick aligning with a sharp volume spike.

According to CoinMarketCap, DEXE’s trading volume increased by 190%.

This stood at over $21.3 million at the time of writing, reflecting the high interest in the token.

Momentum comes amid resilience for Bitcoin and top altcoins despite the conflict in the Middle East following the United States and Israel’s attack on Iran.

Despite escalating geopolitical tensions in the Middle East, including recent escalations involving regional powers, the overall digital asset sector has held firm.

Oil prices surging in early trading tanked stock futures, but BTC and ETH held near key levels as institutional inflows continued to pick up.

For DeXe, gains come amid altcoin rotation and renewed optimism around decentralized finance (DeFi) protocols.

DEXE price technical analysis: What’s next?

The near-term outlook for DeXe is mixed after the token broke out from below a key resistance level.

Bulls have pushed prices above key moving averages, including the 50-day and 100-day exponential moving averages (EMAs) near $3.14 and $3.59, respectively.

If buyers continue to position and preserve the short-term uptrend from the swing low of $1.72 to the recent high of $4.70, the next hurdle will be the 200-day EMA.

DeXe Price Chart
DEXE price chart by TradingView

On the daily chart, the 200-day EMA currently sits at $5.03, hovering as overhead resistance amid the bulls’ quest to turn $4 into support.

Doing this could shift DEXE from trading within a prolonged downtrend into a breakout trend.

Currently, the Moving Average Convergence Divergence (MACD) indicator suggests sustained buying pressure.

However, the Relative Strength Index (RSI) at 76 lingers in the overbought territory.

While bulls could extend gains, they face elevated risks of a temporary pullback amid profit-taking.

A decisive daily close above $4.22 will keep buyers in control.

If prices move lower, failure to hold $4.00 might trigger a retest of the 100-day EMA at $3.59.

Key support levels lie below the moving averages, with $3.24 and $2.10 providing robust demand reload zones.

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