Bitcoin Bounces to $77,500 Amid Macro Headwinds

Bitcoin prices edged up about 1% on Wednesday to trade near $77,500, a tentative rebound after a brutal stretch that pushed the largest cryptocurrency to two-week lows.

The recovery follows a 4.61% weekly drop, with Bitcoin 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.-Iran standoff.

The 200-day moving average at roughly $82,228 has now rejected five separate attempts this month, with the immediate hurdle sitting at $77,400 and a more meaningful test at $78,400.