Fake Ledger App on App Store Drains 5.9 BTC from User
Bitcoin holds above $70K as US–Iran tensions, rising oil prices, and looming PPI data set the stage for its next breakout move.
Bitcoin is trading at $70,675. And according to a long-term quantitative model tracking its full price history, that number means something most traders scanning red charts are probably missing. CryptoQuant analyst Darkfost flagged this morning that Bitcoin has fallen below the 20th quantile of the Bitcoin Power Law model. At a current quantile of 18.
On the failure of the US/Iran peace talks over the weekend and the consequent rise in tensions, Bitcoin has been rejected from the $74K horizontal level and the bear market trendline. Is the $BTC price about to pull back further, or is this just a pause before another attempt to break out?
Bitcoin fell during Asian trading hours after a weekend diplomatic push between Washington and Tehran broke down and a new US maritime order raised fresh concern over energy flows from the Middle East. This pulled the top crypto lower alongside equities, reinforcing the market's sensitivity to oil, inflation, and broader risk sentiment.
As the crypto market is attempting to recover from the difficult volatility of the past weekend, legendary analyst and trader with 50 years of experience Peter Brandt has presented an updated Bitcoin outlook. The verdict at the start of the week is rather philosophical — patience is the highest virtue, and new all-time highs for BTC, in this context, are being postponed.
Mining costs in parts of the US have climbed past $100,000 for a single bitcoin, pushing operators to pack up and move. Paraguay and Ethiopia have emerged as top destinations, both offering surplus hydroelectric power that keeps electricity bills low.
Bitcoin preserved $70,000 at the weekly close as markets began reacting to a breakdown in US-Iran negotiations and blockade of the Strait of Hormuz.
Bitcoin and artificial intelligence appear to be moving in opposite directions regarding how their power is distributed.
Bitcoin has once again seen heavy profit-taking above $70,000, according to Glassnode.
Rising oil prices, heavy long positioning, and a macro-driven risk environment place Bitcoin at a fragile inflection point.
Arthur Hayes targets $500K–$750K BTC by end-2026 but flags AI deflation as the biggest risk. Bitcoin trades at $72,766 with $76K resistance in focus. Full analysis inside.