Holds Strong Amid Global Market Uncertainty
Bitcoin ($BTC) continues to demonstrate resilience even as traditional markets react to geopolitical tensions and potential interest rate hikes. After briefly dipping below the $68K mark, it quickly rebounded, supported by strong on-chain metrics and steady demand from long-term holders.
This week saw a surge in wallet addresses holding over 1 BTC, signaling growing confidence among retail investors. Meanwhile, institutional interest remains high, especially with talks of spot ETF approvals and ongoing regulatory clarity in key jurisdictions.
From a technical standpoint, $BTC is forming a solid base above key moving averages, hinting at a potential breakout if macro conditions stabilize. Despite short-term corrections, Bitcoin’s long-term trajectory remains bullish due to its fixed supply and increasing global adoption.