Current Price: Bitcoin is currently valued at approximately $70,063 as of March 11, 2026.

This represents a recovery after falling into the mid-$60,000s earlier in the month.

Geopolitical Impact: Prices surged following hints from the White House regarding a potential ceasefire in the Middle East.

Easing oil prices have further reduced risk perception, benefiting Bitcoin.

ETF Inflows: Spot Bitcoin ETFs recorded roughly $568 million in net inflows last week, signaling sustained institutional interest.

Market Sentiment: Despite the price recovery, the Fear and Greed Index remains in "Extreme Fear" territory (around 12-18), suggesting cautious investor sentiment.

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Key Upcoming Events

U.S. CPI Data: Today, March 11, 2026, traders are awaiting the U.S. Consumer Price Index (CPI) report.

A cooler reading may trigger a further rally, while hotter-than-expected inflation could pressure the asset.

FOMC Meeting: The Federal Reserve's interest rate decision is scheduled for March 17–18, which is expected to be a high-impact event for the crypto market.

Supply Milestone: Bitcoin is approaching its 20 millionth coin mined, leaving less than 1 million coins remaining in its 21 million supply cap.

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Corporate & Regulatory News

MicroStrategy (Strategy): The company continues to accumulate, adding over 3,000 BTC in February for a total of approximately 720,737 BTC.

CLARITY Act: Progress continues on the U.S. Digital Asset Market Clarity Act, which aims to define jurisdiction between the SEC and CFTC.

Bhutan Sales: The government of Bhutan has reportedly reduced its holdings by over half, selling approximately $42.5 million in BTC and USDT so far in 2026.

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Would you like a detailed technical analysis of key resistance levels or more information on the CLARITY Act?

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