#binance #hype #zec #near
22/05/26 03:50 UTC-04

Bitcoin ticks down near $77k, set for weekly loss amid Iran peace uncertainty

Cryptocurrency Cryptocurrency
Cryptocurrency Bitcoin ticks down near $77k, set for weekly loss amid Iran peace uncertainty

Bitcoin edged lower on Thursday near $77,000 levels and was set for a weekly loss, as a fresh wave of liquidations and lingering uncertainty over U.S.-Iran negotiations weighed on broader risk sentiment.

The world’s largest cryptocurrency last traded 0.5% lower at $77,487.8 by 07:38 GMT.

Bitcoin was set for 1% weekly loss as investors reduced exposure to risk assets amid geopolitical uncertainty and rising Treasury yields.

Bitcoin pressured by liquidations, Iran peace doubts

Crypto markets have come under pressure from heightened volatility linked to the Middle East conflict.

While U.S. and Iranian officials this week acknowledged “some good signs” in talks aimed at easing tensions, major sticking points remained unresolved, including Tehran’s uranium stockpile and proposed controls in the Strait of Hormuz.

Iran’s Supreme Leader reportedly insisted Tehran would retain enriched uranium reserves, and U.S. Secretary of State Marco Rubio rejected proposals involving tolls on vessels using the Strait of Hormuz.

The uncertainty led to a rebound in oil prices, reigniting inflation concerns and dampening appetite for speculative assets such as cryptocurrencies.

Markets have scaled back expectations for U.S. Federal Reserve interest rate cuts this year as higher energy prices threatened to keep inflation elevated.

The latest decline in bitcoin also triggered another round of liquidations across leveraged crypto positions. CoinGlass data showed $200 million in crypto liquidations over the past 24 hours.

Bitcoin remains supported by continued institutional buying and steady inflows into spot bitcoin exchange-traded funds.

Analysts said the $76,000-$77,000 zone remains an important support area for the token, while a sustained move back above $80,000 could revive bullish momentum.

Crypto price today: altcoins mixed in rangebound trade

Most altcoins traded in tight ranges on Friday.

World no.2 crypto Ethereum lost 0.3% to $2,129.92.

World no. 3 crypto XRP fell 0.7% to $1.366.

Solana edged up 0.5%, while Cardano and Polygon rose 1% each.

Among meme tokens, Dogecoin traded flat.

See also: "Coinbase and Flipcash Launch the USDF Stablecoin"

#Bitcoin (BTC) #Price drop

Editor: Yuliya Soroka
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