Lates News

Against the backdrop of escalating uncertainty in the US-Iran situation and weakening expectations for macro liquidity, Bitcoin continues to fluctuate above $70,000, demonstrating strong market resilience. Despite facing multiple bearish factors including the fully priced-in expectation of a rate cut by the Federal Reserve this year, stricter regulation of stablecoins (resulting in a drop in Circle's stock price), and news of Bhutan selling around $30 million worth of BTC, Bitcoin's pullback is limited and its decline is temporary. Analysts believe that the fact that the price does not decrease even with the release of numerous negative factors usually indicates strong potential buying demand. Coupled with the expiration of options in this cycle, there may be momentum for the market to rebound to $75,000.