Nirun Fuwattananukul, chief executive of Binance TH by Gulf Binance, said Bitcoin prices are primarily driven by three factors: liquidity conditions, macroeconomic confidence and technical structure. Rachael Lucas, crypto analyst at BTC Markets, said despite the "digital gold" narrative, Bitcoin continues to trade as a risk asset. "The real price discovery happened on Monday when US equity markets and Bitcoin exchange-traded funds reopened. Lower rates also ease financial conditions and can weaken the US dollar, both of which historically support Bitcoin prices. Tony Sycamore, an analyst at IG Australia, said whether Bitcoin holds at its current level could determine whether prices stabilise.

Source: Bangkok Post March 07, 2026 01:50 UTC