The crypto market turned choppy on March 6, with Bitcoin retreating after a strong rally while Ethereum held relatively firm around the US$2,000 mark.
Bitcoin slipped to about US$70,900, down roughly 2.5% on the day after briefly trading above US$72,000 earlier in the week, as traders locked in profits following a recent surge fuelled by renewed institutional demand and haven buying.
The world’s largest cryptocurrency had climbed nearly 20% from February lows near US$60,000, with inflows into spot Bitcoin exchange-traded funds helping push prices back above the US$70,000 threshold.
Meanwhile, Ethereum traded around US$2,085, largely steady over the past 24 hours as investors continued to test the psychological US$2,000 support level, a key battleground for market sentiment in recent sessions.
Analysts say the latest price swings reflect a mix of profit-taking, macro uncertainty and geopolitical tensions, which have driven investors toward alternative assets while amplifying volatility across digital markets.
Despite the pullback, the broader crypto market remains resilient, with Bitcoin still trading near multi-week highs and Ethereum maintaining its recovery range as investors watch for fresh institutional flows and macro catalysts to determine the next directional move.
