Crypto
Bitcoin's Macro Math Looks Brutal Amid Rising Yields
Bitcoin's price edged up about 1% on Wednesday to near $77,500 after a brutal stretch that pushed it to two-week lows. This tentative rebound follows a 4.61% weekly drop.
The recovery comes as investors watch for any sign of de-escalation in the U.S. and Iran standoff. Bitcoin's weekly candle opened near $81,010 and slid steadily to a low close to $75,800 before stabilizing.
The 200-day moving average at roughly $82,228 has now rejected five separate attempts this month. The immediate hurdle sits at $77,400, with a more meaningful test at $78,400.