Dollar tightens while Bitcoin balances drift lower

The Lead

Bitcoin trades in low-conviction consolidation near 61700 with outflows from exchanges signaling reduced selling pressure yet failing to attract fresh spot demand amid ETF redemptions. The ignored contradiction is that dollar strength and rising yields are draining liquidity while geopolitical energy shocks and miner difficulty adjustments add friction without any offsetting bid from risk assets. The hard question is whether holders sitting near breakeven will absorb supply when the next macro tightening or Hormuz flare-up hits.

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The Wire

BITCOIN
Bitcoin, ether eye worst weekly rout since FTX collapse as cryptos shed $390 billion — CoinDesk

BITCOIN
Bitcoin most oversold since 2020 crash: Can BTC rebound to $70K next? — Cointelegraph

CONFLICT
100 days of the Iran war: How global markets and the economy have been affected, in charts — CNBC

ECONOMY
An Emerging Market Crisis In Oil-Poor Asia? — ZeroHedge

CONFLICT
By the numbers: 100 days of the US-Israel war on Iran — Al Jazeera

POLITICAL
On China, Trump picked the right battle but the wrong strategy — Guardian

Sources (17)

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