Bitcoin climbed back above $73K on Friday, strengthening bullish momentum as traders target $88K next if support near $70K continues to hold.
Bitcoin's weekly chart is showing an uncomfortable comparison to one of the most brutal sell-offs in its history, and at least one analyst believes the worst may still be ahead. This technical outlook is looking at the current price action as a mirror of the 2022 macro fractal sequence that sent Bitcoin from $69,000 to a cycle low near $15,500, implying that the current cycle could see a similar drop.
Iran may accept Bitcoin for oil tanker transit, a move that could reshape global trade, bypass sanctions, and drive new institutional demand.
Bitcoin took a hit Tuesday, sliding below the $68,000 mark as geopolitical tensions ramped up between the U.S. and Iran. President Trump's ultimatum to Tehran sent shockwaves through digital asset markets, wiping out Monday's gains when Bitcoin briefly touched $70,000 for the first time since March.
Morgan Stanley's Amy Oldenburg signaled that the Wall Street giant's crypto journey has a long way to go.
The market rose over the week after a two-week ceasefire was announced, triggering a derivatives short squeeze that wiped out over $430 million in bearish positions.
Bitcoin holds firm despite hot CPI print, raising a "safe-haven" debate.
Bhutan has sold over 70% of its Bitcoin (BTC) reserves over the past 18 months, raising questions about the future of its once-celebrated sovereign mining experiment.
Bitcoin shrugged off a $30M 40x leveraged short and briefly topped $73K, a sign failed downside pressure may point to a local market bottom.
The Bitcoin price went into the weekend firing on all cylinders after the release of weaker-than-expected inflation data in the United States. Interestingly, an analyst has come forward with data and a fresh angle on the influence of the US on BTC and the general cryptocurrency market.
The cryptocurrency market traded mixed Tuesday ET, with Bitcoin (BTC) and Ethereum (ETH) posting modest gains even as activity indicators such as derivatives volume and DeFi turnover softened—suggesting a cautiously constructive tone rather than a broad risk-on surge. According to TokenPostMarket data, Bitcoin was last up 1.36% over the prior day at $72,794.
Iran wants stablecoins instead of Bitcoin for collecting tolls in the Strait of Hormuz, according to officials who spoke Monday. The move comes as Tehran tries to dodge Bitcoin's wild price swings while keeping revenue steady in one of the world's busiest shipping lanes.