5th March 2026: Daily crypto wrap Bitcoin is back above US$73,000… and the market is paying attention. A combination of institutional buying, policy tailwinds, and a short squeeze pushed BTC up over 8% to its highest level in nearly a month. US$1.7 billion in spot ETF inflows across five trading days drove the move, with @BlackRock's IBIT pulling in US$322 million in a single session. @MicroStrategy added another 3,015 BTC at US$204 million, bringing total holdings to 720,737 BTC. The rally wiped out US$463 million in short positions, a textbook squeeze. Next resistance sits at US$74,000–US$76,000. President Trump added fuel, publicly pressuring banks to stop stalling stablecoin legislation and calling delays a win for China. The CLARITY Act remains in limbo in the Senate, with banks warning that yield-bearing stablecoins could trigger US$6.6 trillion in deposit flight. In a first for the industry, Kraken's Wyoming banking arm secured a @federalreserve master account, direct access to Fed payment rails, no intermediary required. Banking lobby groups pushed back immediately, but Senator Lummis called it a catalyst for TradFi-crypto convergence. @ethereum's validator queue has surged to 3.4 million ETH, a 60-day backlog, as institutions stake for yield rather than sell. Exchange reserves sit at multi-year lows. The supply picture is tightening. The CFTC flagged plans to approve perpetual futures in the US within a month, potentially bringing the US$85 billion daily derivatives market onshore. That's a structural shift worth watching. On the darker side, 38% of altcoins are trading near all-time lows, distress levels exceeding the FTX collapse period. Capital rotation into alts hasn't materialised. Selectivity is the word. @BTCMarkets