Why Bitcoin Hit $71.4K & What CFTC Perpetuals Mean for US Traders - Daily Crypto News

Crypto majors are big green after huge overnight gains; BTC +4% at $71k; ETH +3% at $2,050; SOL +5% at $89.60; HYPE +1% at $32.60. KITE (+21%), SPX (+11%) and Aero (+11%) led top movers. Trump posted on Truth Social that banks are “threatening and undermining” the GENIUS Act and holding the CLARITY Act “hostage”. Iranian crypto exchanges logged $10.3M in outflows between February 28 and March 2 following the US-Israeli airstrikes. Saylor’s STRC closed above $100 with 1.82M shares sold, raising enough capital for Saylor to buy 1,016 Bitcoin (a new daily record). Vitalik shared thoughts on Ethereum’s place in the world and what good is has caused, promising to focus future efforts into building a “sanctuary tech ecosystem”. Tether committed $6.4M to Swiss city Lugano continuing its bitcoin adoption partnership with the municipality that’s become a test case for city-level BTC integration. Bridge and Visa are expanding stablecoin-linked Visa card issuance globally, building on the Latin America pilot launched last April.