This morning, Bitcoin rose again above $70,000 after dropping to the $69,000 range earlier. Now, its price is around $72,850, and other cryptocurrencies like Ethereum, Solana, and XRP also increased with quite sharp movements. Looking at today's crypto info, everything moved in tandem with the sudden drop in crude oil prices $3 per barrel within a few minutes.

Actually, the crypto market this week was heavily influenced by oil movements. Oil surged sharply as geopolitical tensions escalated, but then quickly dropped again. Stocks were also affected - the Nasdaq moved from decline to a 0.5% gain as oil prices fell. Some crypto stocks like MSTR and Galaxy Digital rose moderately, but Coinbase and others dipped slightly.

On the inflation side, February's CPI data was in line with expectations - a 0.3% monthly increase with a 12-month rate of 2.4%. This means the Fed is unlikely to cut interest rates at the March and April meetings. According to analysts, next week's Fed decision will be key to seeing how they respond to this situation. For Bitcoin itself, next month's data increase may already be priced into the market.