Bitcoin Surges Nearly 7% as Price Holds Above $72,000

JAKARTA, KOMPAS.com - Bitcoin (BTC) rose and stayed above the $72,000 level in the last 24 hours. Citing CoinMarketCap, on Thursday 5 March 2026 at 11:03 WIB, the world’s largest cryptocurrency advanced 6.96% to $72,495.75 after previously trading around $67,800. Data gathered by Bloomberg shows investors have poured almost $700 million into US Bitcoin exchange-traded funds (ETFs) so far in March. Earlier this week, Bitcoin appeared relatively more stable than several assets that sold off heavily when markets reopened after the weekend attack on Iran by the United States and Israel. However on Thursday, equity markets began to recover. The Kospi in South Korea jumped 11%, while Japan’s Nikkei 225 rose 4.2%. ‘When liquidity expectations change, Bitcoin usually responds more strongly. That explains why we are seeing a price rally at this level,’ said Lin. Meanwhile, one of the co-founders of hedge fund DACM, Richard Galvin, said the premium of Bitcoin on Coinbase, which had previously been trading at a discount on Sunday, signals that bullish sentiment is re-emerging in the US market. In recent days, Bitcoin has even outperformed gold, which is often compared with the crypto asset. In recent months, the trend has been the opposite, with gold repeatedly hitting record highs while Bitcoin declined. The cryptocurrency rally itself paused after the big sell-off in October last year, not long after Bitcoin reached a price above $126,000. Since then, Bitcoin’s value has fallen by more than 40%.