Bitcoin's rally earlier this week saw it decouple from traditional equities, surging past $74,000 as investors treated it as a hedge against the Iran war's market disruption. Support is now seen in the $72,000-$74,000 range, with derivatives positioning remaining broadly bullish even as altcoins experience deeper profit-taking.

Ethereum's bounce to $2,300 has flipped sentiment on prediction market Myriad, where traders have shifted bullish. The rally was supported by fresh inflows and what Decrypt described as treasury-buying support.

In regulatory news, Argentina ordered a nationwide block of Polymarket, adding to growing international scrutiny of prediction market platforms. The move comes amid broader debate about whether political betting markets require regulation, particularly after the US saw prediction markets boom during recent elections.

Separately, Chinese firm Cango sold 4,451 BTC in February to pay down debt and fund a pivot to AI infrastructure, illustrating how corporate Bitcoin holders are increasingly using their stashes as strategic capital rather than long-term holds.