Bitcoin is hovering around $74,000, but it continues to struggle to break through the $70,000 barrier multiple times. Meanwhile, Ethereum and Solana are under strong downward pressure. Solana has dropped into the $83 range, showing a decline over the past 7 days.



It seems that the turmoil in the Middle East is impacting Asian stocks, causing significant sell-offs. South Korean stocks reportedly experienced their largest decline since 2008. Oil prices are also rising, and this uncertainty is weighing heavily on risk assets overall.

According to analysts, the next move for Bitcoin depends on whether funds continue to flow into ETFs and if support at $63,000 holds. BNB and XRP are relatively stable, with BNB maintaining positive momentum on a weekly basis. Dogecoin has turned positive over the past 24 hours, but Cardano remains quite weak.

This week, the market is in a consolidation phase, and it looks like the sentiment will remain cautious until geopolitical uncertainties are resolved. Even on a Bitcoin unit basis, significant movement seems unlikely in this environment.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin