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Bitcoin Holds Near $77K After Four Consecutive Days of Declines
Bitcoin stabilized below the $77,000 level on Tuesday after posting losses during four consecutive trading sessions. Investors continued monitoring developments surrounding Iran while assessing the impact of surging oil prices on inflation and US interest rate expectations.
The world’s largest cryptocurrency traded down 0.1% at $76,818.9 as of 08:33 Moscow time.
Just last week, Bitcoin had climbed above $82,000 amid steady inflows into spot ETFs.
Trump Says Planned Attacks on Iran Were Delayed
Market sentiment remained unstable despite comments from US President Donald Trump stating that planned attacks on Iran had been postponed as diplomatic efforts continued.
Nevertheless, uncertainty surrounding the Strait of Hormuz and risks to global oil supplies kept investors in a cautious stance.
Oil prices remained elevated above $100 per barrel following sharp gains in recent weeks driven by fears of supply disruptions linked to tensions in the Middle East.
High Oil Prices Continue Pressuring Crypto Markets
Rising energy prices intensified concerns that global inflation could remain elevated for longer than previously expected.
That scenario could force central banks to:
— maintain higher interest rates for longer;
— keep liquidity conditions tight;
— reduce appetite for speculative assets such as cryptocurrencies.
US Treasury yields also remained elevated on Tuesday:
— benchmark 10-year Treasury yields held near 4.44%.
Investors continue pricing in inflation risks associated with high energy costs.
Bitcoin Remains Tied to Global Risk Sentiment
Analysts noted that Bitcoin continues trading largely in line with broader global risk sentiment.
Geopolitical tensions are currently overshadowing positive drivers such as:
— institutional demand;
— inflows into spot ETFs;
— regulatory developments.
Analysts at IG wrote in a recent note:
“The world’s largest cryptocurrency continues to trade in a challenging macroeconomic environment where ETF inflows, regulatory developments, and institutional accumulation provide support, while geopolitical tensions, inflation concerns, and broader risk aversion continue to trigger sharp price swings.”
Global Financial Markets Remain Unstable
Asian equity markets traded mixed on Tuesday without a clear directional trend.
Meanwhile, global bond markets remained under pressure amid fears that tensions involving Iran could evolve into a prolonged inflationary shock for the global economy.
Altcoins Trade Sideways
Most altcoins traded within narrow ranges on Tuesday as cautious market sentiment persisted.
— Ethereum gained 0.4% to $2,125.60;
— XRP fell 0.7% to $1.38;
— Solana lost 0.4%;
— Polygon declined 1%;
— Cardano added 0.3%.
Among meme tokens, Dogecoin dropped 1.6%.
See also: "Прогноз ціни Bitcoin: прибутковість облігацій досягла рівнів 2008 року, а BTC впав нижче $78 000"
