Bitcoin price started a decent increase above $68,500 but failed at $70,000. BTC is now consolidating and might aim for more gains above $68,800. Bitcoin started a fresh increase after it settled above the $68,000 support. The price is trading above $68,000 and the 100 hourly simple moving average.
There is a contracting triangle forming with resistance at $68,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $67,000 and $66,550 levels. Bitcoin Price Corrects Lower From $70,000 Bitcoin price managed to form a base above the $66,500 zone.
BTC started a fresh increase and was able to surpass the $67,400 resistance zone. The price even rallied above the $68,800 resistance. Finally, the bears appeared near $70,000. A high was formed at $70,100, and the price recently corrected some gains.
There was a move below $68,000, and the price tested the 50% Fib retracement level of the upward move from the $63,030 swing low to the $70,100 high. Bitcoin is now trading above $68,000 and the 100 hourly simple moving average. If the price remains stable above $67,400, it could attempt a fresh increase.
Immediate resistance is near the $68,500 level. There is also a contracting triangle forming with resistance at $68,400 on the hourly chart of the BTC/USD pair. The first key resistance is near the $69,550 level. A close above the $69,550 resistance might send the price further higher.
In the stated case, the price could rise and test the $70,000 resistance. Any more gains might send the price toward the $70,500 level. The next barrier for the bulls could be $70,850 and $71,200. Downside Break In BTC? If Bitcoin fails to rise above the $68,800 resistance zone, it could start another decline.
Immediate support is near the $67,400 level. The first major support is near the $66,550 level. The next support is now near the $65,000 zone. Any more losses might send the price toward the $64,700 support in the near term.
The main support now sits at $63,000, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.
Major Support Levels – $67,400, followed by $66,550. Major Resistance Levels – $68,800 and $70,000.
Bitcoin will eventually reach a point where the US government creates the conditions it needs to succeed, whether that takes 10 or 20 years, according to a Bitcoin executive.
Analysts say large investors are increasingly locking up ETH for yield rather than positioning to sell into market rallies.
Market maker Enflux says traders are not pricing catastrophe or resolution to the conflict in the Middle East, while Glassnode data shows improving spot demand but cautious derivatives positioning.
Bitcoin has entered a phase of heightened volatility as escalating conflicts in the Middle East inject fresh uncertainty into global markets. Risk assets have reacted unevenly, with crypto trading as a real-time barometer of macro stress while traditional markets intermittently close or gap.
Price swings have become sharper, liquidity thinner, and short-term positioning more defensive as participants reassess exposure amid geopolitical risk. Related Reading: Bloodbath Or Buy-Zone?
Bitcoin’s $66K Stagnation Hits The 25% Loss Threshold Historically Tied To Market Bottoms Despite this challenging backdrop, on-chain data presents a more nuanced picture. According to analysis from CryptoQuant, Bitcoin netflow dynamics suggest that accumulation may be quietly unfolding beneath the surface.
Exchange netflows — which measure the balance between coins moving onto and off trading platforms — are often a leading indicator of investor intent. Sustained outflows typically imply that participants are withdrawing assets into cold storage or long-term custody, reducing immediately available sell-side supply.
In recent sessions, netflow patterns have tilted toward outflows rather than aggressive inflows, even as headlines intensified. This divergence between price uncertainty and subdued exchange deposits hints at restrained distribution behavior.
Sustained Exchange Outflows Signal Quiet Accumulation Phase The exchange-level data adds a concrete dimension to the accumulation thesis. On Binance — which custodies roughly 665,000 BTC, or about 25% of total exchange reserves — netflows have flipped decisively negative since February 21.
Outflows have dominated on most trading days, producing a cumulative withdrawal of approximately 13,500 BTC. A single session accounted for 3,848 BTC leaving the platform, a meaningful movement in the context of tightening liquidity. Importantly, this pattern is not isolated.
Aggregated across major exchanges, netflows have remained negative for seven consecutive days. Such persistence reduces the probability of statistical noise and instead suggests coordinated positioning behavior.
When coins exit exchanges, they typically move into cold storage or long-term custody solutions, mechanically reducing the immediately tradable supply. This shift is occurring after an approximate 50% correction from cycle highs. Historically, deep retracements tend to recalibrate risk-reward perceptions.
Source: https://www.coingecko.com/research/publications/cex-dex-trading-activity-report-2026 Over the past six months, something pretty significant happened. PancakeSwap and Uniswap both cracked the top 10 exchanges globally by trading volume.
They pushed through $0.55T and $0.54T in spot volume, respectively, putting them ahead of centralized giants like Coinbase, OKX, Bitget, and Upbit. That’s not “DEXs are growing.” That’s DEXs competing at the top table. On the perpetuals side, Hyperliquid was the only DEX to make the top 10.
It processed $1.59T in perps volume over the same period, capturing a 3.3% market share. For context, Binance sits at 27.8%, while OKX and MEXC are at 11.9% and 11.8%. Zoom out, and the trend becomes obvious: Two years ago, DEX spot market share was just 6.9%. Today it’s 13.6%.
It even peaked at 24.5% in June 2025 when Binance Alpha began routing trades through PancakeSwap. Perps tell the same story. DEX perpetual volume has grown 8x in two years, from $81.7B to $739.5B. Market share expanded from 2% to 10.2%.
Meanwhile, total perps volume (CEX + DEX) grew 75% to $7.24T, with some months clearing $10T. Binance still dominates, 39.6% in spot and 27.8% in perps. But the gap is narrowing. submitted by /u/coingecko [link] [comments]
Australia is on a trajectory for only $710 million in annual economic gains from crypto by 2030 unless there's a substantial change, the Digital Finance Cooperative Research Centre says.
Hours after explosions were reported in Tehran, digital money began moving. Reports say cryptocurrency withdrawals from Iran’s largest exchange jumped sharply as news of US and Israeli airstrikes spread across the country.
Related Reading: Crypto’s Quietest Month In Nearly A Year — But Hackers Haven’t Gone Away Blockchain data reviewed by analytics firms shows outflows rising about 700% in a short window, a spike that stood out against normal daily activity.
Crypto Rush Follows Airstrikes According to blockchain tracking firm Elliptic, wallets linked to Nobitex, Iran’s biggest crypto trading platform, sent out far more funds than usual within minutes of the first strike. In less than an hour, transfers climbed into the millions of dollars. The surge was quick.
It was also brief. The timing caught attention. Based on reports, the jump began almost immediately after confirmation of military action. Digital assets were shifted to external wallets and, in some cases, to overseas exchanges.
For many Iranians who already face sanctions and banking limits, crypto has become one of the few ways to move value across borders. Nobitex has long operated in a gray zone shaped by sanctions and capital controls. Crypto use in the country has grown over the years as access to global finance tightened.
During past waves of unrest, similar patterns were recorded, though not always at this scale. Internet Blackout Slows The Flow The rush did not last. Reports note that internet connectivity across Iran dropped by about 99% shortly after the strikes, limiting further transfers.
With connections cut or heavily restricted, the stream of outgoing crypto transactions slowed to a trickle. TRM Labs, another blockchain analytics firm, said the spike may reflect short-term panic rather than an organized effort to move large pools of capital.
A sharp move from a low base can look dramatic in percentage terms. Some transactions were completed before the blackout. Others appear to have stalled. Transfers can be initiated quickly, but they still depend on access to the internet and functioning platforms. When connectivity disappears, so does that option.
Weakened Currency Iran’s economy has been under strain for years. Sanctions tied to its nuclear program and regional policies have limited trade and weakened the national currency.
Crypto mining and trading, at times tolerated and at other times restricted, have offered an alternative path for some citizens and businesses. Related Reading: Wall Street Giant JPMorgan Sees Clarity Act Driving Second-Half Upside There has been no public sign that the spike altered broader crypto prices.
submitted by /u/GreedVault [link] [comments]
Bitcoin Policy Institute study finds AI systems, including Claude, GPT, Grok, and Gemini, favored Bitcoin over fiat and other digital assets.
Trump has urged banking groups to “make a good deal” with the crypto industry and said undermining the GENIUS Act is “unacceptable.”
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Colombia's top criminal court cited AI detectors to reject a lawyer's appeal. An attorney then ran the court's ruling through the same software and got a 93% match.
Ray Dalio said that gold is a better safe-haven asset in times of conflict compared to Bitcoin, and raised concerns about the cryptocurrency’s lack of privacy.
X’s head of product, Nikita Bier, says creators posting AI-generated war videos without disclosure will lose access to X’s revenue-sharing program.
submitted by /u/Express_Classic_1569 [link] [comments]
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
The dispute centers on whether crypto firms should be allowed to offer stablecoin yield, an issue that has stalled key negotiations.
submitted by /u/elfr1tz [link] [comments]
Super PACs backed by the crypto industry are expected to spend millions of dollars in the 2026 midterm elections after many of their chosen candidates won in 2024.
The current price zone appears to be viewed by some participants as strategically attractive rather than structurally broken. That said, accumulation does not guarantee immediate upside. In the short term, sustained outflows can underpin range-bound conditions as supply tightens, but demand remains measured.
Whether this evolves into expansion depends on the durability of inflows into spot markets.
Related Reading: The $650M Wave: Why XRP’s Record Inflow To Binance Signals A Massive Institutional Retreat Bitcoin Compresses Below Key Averages as $69K Caps Upside Attempts On the 4-hour chart, Bitcoin remains locked in a corrective structure following the sharp early-February breakdown.
Price is consolidating around the $66,800 region, but the broader short-term trend remains tilted to the downside. BTC continues to trade below the 50, 100, and 200-period moving averages, all of which are sloping downward — a configuration that confirms persistent bearish pressure.
The $68,000–$69,000 zone is acting as immediate resistance, aligning with the 100-period moving average (green). Multiple attempts to reclaim this level have failed, reinforcing it as a supply area. Above that, the 200-period moving average (red), currently near the low-$70Ks, represents a stronger structural ceiling.
Related Reading: Ethereum’s Market Order Imbalance Hits Record Negatives: $1,850 Is Now The Line In The Sand On the downside, the $63,000–$64,000 region remains key support. Previous liquidity wicks into that area, triggering sharp rebounds, suggesting the presence of reactive buyers.
However, the pattern of lower highs within the range indicates that upside momentum lacks conviction. Volume has contracted compared to the breakdown phase, signaling equilibrium rather than accumulation. The market is compressing within a narrowing band, often a precursor to expansion.
A decisive 4-hour close above $69K would challenge the bearish bias. Conversely, a clean break below $63K would likely reopen downside toward the next liquidity pocket. Featured image from ChatGPT, chart from TradingView.com
Bitcoin and other major tokens reacted more to global risk sentiment than to activity inside Iran alone. Still, the 700% surge serves as another example of how quickly digital money can respond to geopolitical shocks. For a few tense hours, crypto became a lifeline for some users in Iran.
Then the cables went dark, and the flow slowed. Featured image from Pixabay, chart from TradingView
