Bitcoin Holds Above $65K Amid US-Iran Tensions, Analysts Target $73,700 Breakout
Bitcoin (BTC) continued its stable performance, reaching $64,979.73 and holding above the psychological $65,000 barrier. Analysts are targeting a potential breakout at $73,700 if Bitcoin clears the $65,800 resistance level.
The global cryptocurrency market capitalization dipped 0.10% to $2.21 trillion amid $160 million in liquidations over the previous 24 hours. Ethereum (ETH) and XRP fell by 0.10% and 0.52%, respectively, while Solana (SOL) rose 1.17%.
Market volatility was exacerbated by ongoing US-Iran tensions, with Iran stating that a deal regarding the Strait of Hormuz was in its 'final stages.' President Donald Trump characterized the negotiations as 'only semi-negotiating.'