Bitcoin Bounces Off Two-Week Lows as Macro Pressures Mount

Bitcoin (BTC) bounced back to near $77,500 on Wednesday after a brutal stretch that sent prices to two-week lows.

The recovery follows a 4.61% weekly drop, with BTC opening at $76,757 before climbing past $77,400 by mid-morning Eastern time.

Investors are watching for any sign of de-escalation in the U.S. and Iran standoff as they consider their next move in the market.

The 200-day moving average has rejected five separate attempts this month, with the immediate hurdle sitting at $77,400 and a more meaningful test at $78,400.