Bitcoin shows resilience despite geopolitical tensions and a historically weak first quarter. The cryptocurrency, trading near $66,000, has been supported by whale accumulation while facing its third-worst Q1 performance since 2013, with a roughly 23% decline. Analysts note potential upside from anticipated U.S. regulatory clarity and project a possible rise to $75,000 by the end of March.
Bitcoin is currently trading near $66,000, showing a 1% gain over 24 hours despite escalating U.S.-Iran tensions. This relative stability suggests the asset is maintaining equilibrium as a risk-on asset during geopolitical shocks.
The market has also found some support from a JPMorgan Chase report stating the U.S. CLARITY Act could pass by mid-year. The report, mentioned by Wu Blockchain, indicates the legislation would provide regulatory clarity and support institutional adoption.
According to data from CoinGlass cited by CryptosRus, Bitcoin has posted its third-worst Q1 performance since 2013. The asset is down roughly 23% for the quarter, a drop comparable only to the deep bear phases of 2014 and 2018.
Despite the weak start, CoinCodex projects Bitcoin could rise to approximately $75,000 by the end of March. Their long-term models forecast an end-of-2026 price of around $78,000.
