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They Discovered A Huge Amount Of Water On Mars

Scientists have found evidence that there are huge amounts of water on Mars. Researchers theorize that this is a sign that there may be extraterrestrial life on the Red Planet.

KEY FACTS 

  • Scientists from the University of California, Berkeley and the University of California, San Diego have found evidence of large amounts of water deep below the surface of Mars, according to a peer-reviewed study published in the Proceedings of the National Academy of Sciences.
  • The researchers used seismic data from Martian earthquakes, volcanic tremors and meteorite impacts collected by NASA’s InSight lander. Also used are the mathematical models of rock physics that are used to map underground aquifers and oil deposits on Earth.
  • The water is believed to be between 11.5 and 20 km below the Red Planet’s surface and probably cannot be accessed using currently existing technologies. 
  • However, the researchers say the discovery reveals important details about the history of Mars.

IMPORTANT QUOTE

“Large amounts of water existed on the surface of Mars more than 3 billion years ago. Much of this water is thought to have been trapped in subsurface layers or lost to space. Our results have implications for understanding the Martian water cycle, determining the fate of surface water in the past, searching for past or existing life, and assessing resource utilization for future missions,” the study states.

WHAT HAPPENED TO THE WATER ON MARS

Although Mars is a desert planet today, there is plenty of evidence that there was once plenty of water on the Red Planet’s surface. Most of these claims are supported by studies of the structure of the planet’s surface, where traces of rivers, oceans, and lakes are visible. The composition of the minerals found there also suggests the former presence of water. 

Some water is still found on the surface of Mars – largely locked in minerals in the planet’s crust or frozen in the polar ice caps – but this is only a small fraction of the water that scientists believe flowed to the surface billions of years ago.

Although many scientists believe that Mars’ oceans evaporated into space when the planet lost its atmosphere more than 3 billion years ago, the researchers say their findings show that much of the water was filtered into the crust.

THE BIG NUMBER 

12,262 meters. That’s how deep the Kola ultra-deep borehole is, which is located in Northwestern Russia. It is the deepest man-made hole on Earth. According to the study, this may be the lower limit for the depth of water on Mars. Drilling was halted in the early 1990s and the record has yet to be broken, highlighting the technical challenges.

Bitcoin Surges 23% In A Week As Investor Optimism Returns

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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