Bonk

A broad hope for a US deal with Iran to end weeks of conflict has spurred investor confidence in riskier assets.

Large Ether investors are back in profit, increasing the chances of a rally toward $3,000, but resistance at $2,800 may delay the recovery.

Bitcoin rallied above $74,000 after the Monday stock market close, but derivatives data show that some traders remain bearish.

Bitcoin and altcoin charts highlight growing strength across the industry. Will geopolitics and US economic health concerns stand in the way of the rally?

Bitcoin’s attempts to hold rallies above the $70,000 to $75,000 range continue as ETF demand limps along, US treasury yields rise and traders take profit as BTC price hits overhead resistance.

Bitcoin price data suggests BTC remains undervalued and that short positions opened above $70,000 face a high risk of liquidation.

Bitcoin rallied to $72,500 as US stocks reacted to US efforts to blockade the Strait of Hormuz. Despite the rebound, BTC traders warned that a price correction remains a risk.

Bitcoin preserved $70,000 at the weekly close as markets began reacting to a breakdown in US-Iran negotiations and blockade of the Strait of Hormuz.