Bitcoin’s price has fallen to $65,700 due to macroeconomic risks

3/9/2026, 08:52 AMЕвгения Слив

On Monday, March 9, the first cryptocurrency price was briefly lowered to $65,700, after which it partially recovered to $67,185. Geopolitical risks and energy costs have put pressure on the market, with oil surpassing $100 per barrel for the first time since 2022.

Bloomberg Intelligence senior strategist Mike McGlone does not rule out a drop in Bitcoin to $50,000. The managing director of Swan Bitcoin, John Haar, explains that during periods of instability cryptocurrency acts as a risky asset, but in the long run its price supports acceptance and monetary properties. Co-founder of Citrea Orkun Mahmut Kilić calls spot ETFs the main channel for institutional capital inflows.

NYDIG research chief Greg Chipolaro points out that the recent synchronized dynamics of Bitcoin and the IT sector is due not to a structural merger, but to a common sensitivity to liquidity. Correlation with the stock market accounts for only one-quarter of price movements; the rest is internal factors: network activity, acceptance, and regulation. This preserves Bitcoin’s role as an instrument of diversification, although the status of "digital gold" is not yet justified.

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