Bitcoin Holds Steady at $77,700 as Whales Continue to Buy

Bitcoin is trading around $77,700 on Thursday, holding steady after a choppy week. The price has been fluctuating due to various factors, including politics and upcoming Fed data.

President Trump is privately weighing whether to declare the US-Iran war over, which could potentially lead to economic relief for Iran and reduce tensions in the region. This news gave Bitcoin a small lift in early trading, while oil prices slipped back.

Despite the dip, large holders have not backed off, with whales adding about 6,765 BTC during the pullback, worth close to $521 million. This is a sign of confidence that the drop is temporary and that investors are holding onto their assets.