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Bitcoin is holding steady, but not very confidently. I just watched the hourly news — the price is holding at around 73.5 thousand, up 9.46% over the week, although attempts to break through the upper levels aren’t going very well. Apparently, geopolitical tensions are weighing on the entire risk-asset market.
Altcoins are mostly retreating. Solana is up 6.38% over the week, but that’s not very impressive against the backdrop of the overall trend. Эфир is up 12.62% — now that’s something, it’s pulling higher. Cardano and Dogecoin, however, look weaker, with only 2.96% and 2.65%, respectively, over seven days. BNB and XRP are holding more or less steady, around 613 and $1.37.
The key point is that what happens next will depend on inflows into spot ETFs and on whether support at roughly 63 thousand holds. While Asian stocks are falling and oil gets more expensive, that creates pressure across the entire risk segment. Gold has risen in price, which usually signals investors’ concerns. It will be interesting to see how long this lasts — it depends on the situation around Iran and whether the energy market stabilizes.