{"id":24113,"date":"2026-03-20T06:40:28","date_gmt":"2026-03-20T06:40:28","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-price-stalls-at-70000-as-asian-tech-stocks-dip\/"},"modified":"2026-03-20T06:40:33","modified_gmt":"2026-03-20T06:40:33","slug":"bitcoin-price-stalls-at-70000-as-asian-tech-stocks-dip","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-price-stalls-at-70000-as-asian-tech-stocks-dip\/","title":{"rendered":"Bitcoin price stalls at $70,000 as Asian tech stocks dip"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin price marched back above $70,000 on Friday morning, erasing part of the losses seen over the past two days. However, its momentum quickly gave up as Asian tech stocks dropped lower.<\/p>\n<div id=\"cn-block-summary-block_2a1a3ddbf83378cbbea988bc13b25076\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin rebounded above $70,000 after an 8% drop, supported by dip buying despite rising geopolitical tensions and inflation concerns.<\/li>\n<li>Risk sentiment weakened as Asian and U.S. tech stocks declined, reflecting broader pressure on risk assets amid strong inflation data and hawkish Fed outlook.<\/li>\n<li>U.S. spot Bitcoin ETFs recorded over $250 million in outflows in two days, signaling a pause in institutional demand after a week of strong inflows.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>After dropping over 8% to a weekly low of $69,298 on Thursday, Bitcoin (BTC) price rebounded back above the $70,000 psychological mark that many analysts say acts as a crucial anchor for investor confidence. The bellwether was trading at $70,749 at press time with a market capitalization of $1.41 trillion.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">BTC\/USDT daily price chart \u2014 March 20 | Source: crypto.news<\/figcaption><\/figure>\n<p>Bitcoin price rallied as bulls bought the dip under $70,000, which occurred after news of an Israeli attack on Iranian energy sources broke out, sparking fears of rampant global inflation as oil prices rose to record highs.\u00a0<\/p>\n<p>At the same time, risk sentiment deteriorated amid a string of weak economic data. This coincided with stronger-than-expected PPI data and Federal Reserve Chair Jerome Powell suggesting the central bank intends to hold interest rates steady as long as inflation remains elevated.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h1 class=\"wp-block-heading\">What is holding Bitcoin price back today?<\/h1>\n<p>While Bitcoin has managed to reclaim the $70,000 psychological support level, several hurdles could potentially stand in its path for more gains.<\/p>\n<p>First, Asian tech stocks have so far traded down on Friday morning. Notably, Japan\u2019s Nikkei 225 fell by 1,866 points or 3.38%, while China\u2019s Shanghai Composite was down 0.50%. Yesterday, U.S. tech stock markets also showed the same weakness, with the Dow Jones Industrial Average closing lower by 0.44%, while the S&amp;P 500 and Nasdaq 100 were down over 0.25% each. The only exception was the Russell 2000 Index, which rose by 0.65%.\u00a0<\/p>\n<p>Cryptocurrencies often mirror the trend followed by these tech stocks, as they both share a high sensitivity to liquidity and interest rate expectations.<\/p>\n<p>Second, investors seem to be rotating to Gold, which jumped over 2% today as it moved back above $4,700, reinforcing its status as a safe-haven asset amid the broader macroeconomic and geopolitical uncertainty. Silver also saw significant interest, rising over 3% to $74.<\/p>\n<p>Third, institutional demand in Bitcoin appears to have taken a breather. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" target=\"_blank\" rel=\"nofollow\">Data<\/a> from SoSoValue show that U.S. spot Bitcoin ETFs have recorded net outflows for the past two days, with over $250 million flowing out.<\/p>\n<p>While the outflows are relatively small considering the $1.16 billion in inflows they recorded over seven straight days just ahead of this shift, investors could take this as a sign of temporary exhaustion in the current rally.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price marched back above $70,000 on Friday morning, erasing part of the losses seen over the past two days. However, its momentum quickly gave up as Asian tech stocks&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=24113"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24113\/revisions"}],"predecessor-version":[{"id":24114,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24113\/revisions\/24114"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9377"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=24113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=24113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=24113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}