Analysis: Bitcoin Narrowly Fluctuates Around $66K, Macro and Geopolitical Conflicts Weigh on Market
Svmuu News: The crypto market has seen subdued trading recently, with Bitcoin fluctuating narrowly around $66,600 and a brief rebound failing to break the $67,000 mark. Meanwhile, Donald Trump's stronger signals towards Iran have escalated geopolitical tensions, and rising energy prices have increased inflation expectations, weakening market bets on interest rate cuts (previously a key support for Bitcoin's rally). Data shows that wallets holding 1,000 to 10,000 BTC have collectively reduced their holdings by approximately 188,000 coins since last year's peak. At current prices, nearly half of Bitcoin holdings are in unrealized losses, indicating clear signs of market pressure. (CoinDesk)
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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