Analysts attribute the correction to a combination of macroeconomic uncertainty, tighter liquidity conditions, and a broader risk-off sentiment across global markets
Bitcoin climbed nearly 3% in early Asian trading to around $65,400 after the US and Iran signalled a de-escalation of hostilities, boosting risk appetite across global markets
Bitcoin Pizza Day commemorates the first real-world Bitcoin transaction, when programmer Laszlo Hanyecz paid 10,000 BTC for two pizzas on May 22, 2010.
The move, they believe, could create a more stable and transparent framework that encourages institutional participation, strengthens investor confidence, and supports innovation
Analysts believe that steady inflows into Bitcoin-linked investment products signal underlying demand, suggesting corrections may attract long-term capital despite near-term volatility
At the same time, flagship digital asset Bitcoin has continued to show relative strength, outperforming gold and the S&P 500 since the start of the US-Iran conflict, gaining roughly 7 per cent while
On a weekly basis, the flagship token Bitcoin has surged 9.13 per cent from $65,969.78 recorded on March 8, while Ethereum posted a gain of nearly 11 per cent from $1,936.60 on the same date
Over the past five weeks, Bitcoin has repeatedly faced resistance near the $74,000 level, suggesting the market is still searching for fresh catalysts before attempting a decisive breakout
Bitcoin price prediction: Hougan argues that Bitcoin should be analysed as an emerging store-of-value asset similar to gold rather than purely as a speculative investment
According to analysts, the muted moves across large-cap tokens suggest investors are awaiting stronger macro triggers before taking aggressive risk positions
Crypto Market: Meanwhile, early signs of capital rotation are emerging as inflows into Bitcoin investment products resume, while some profit-taking appears to be occurring in gold