Bitcoin has once again seen heavy profit-taking above $70,000, according to Glassnode.
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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.
Bitcoin maintained levels above $73,000 throughout most of Saturday before experiencing a significant selloff. The downturn commenced after Vice President JD Vance disclosed late Saturday evening that ceasefire negotiations between the United States and Iran held in Pakistan had reached an impasse.
A fraudulent app on Apple's App Store has drained $420,000 in Bitcoin from American musician Garrett Dutton, popularly known as “G. Love.” According to a series of posts on X, Dutton lost his 5.
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Over the last week, the Bitcoin bulls looked to have taken control of the price, eventually pushing it back above $73,000 again. There has been a slowdown since then, with bears trying to retest the $70,000 level over the weekend.
Bitcoin trades below $72,000 after failing to hold recent highs, as weakening momentum and rising liquidations signaled a cooling market.
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Bitcoin experienced a decline to $70,623 over the weekend as the United States declared a naval blockade targeting the Strait of Hormuz. This development followed the collapse of diplomatic efforts between Washington and Tehran.
Crypto analyst Captain Faibik has announced that the Bitcoin price is still very much bearish despite the recovery. This comes after the market sentiment shifted as the Bitcoin price began to surge last week and then eventually claimed the $70,000 resistance, turning it into support again.
Blockchain sleuth ZachXBT said Garrett Dutton's 5.9 Bitcoin has already been sent to deposit addresses associated with KuCoin.