📉 Technical pullback and caution in the market
Bitcoin and other cryptocurrencies closed the week with slight declines after facing technical resistance levels. BTC is trading around USD 103,000–104,000, with a drop of about 1–1.5% this Friday, driven by traders opting not to stay long over the weekend.
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⚙️ Drop in hashrate after weekend peak
The Bitcoin hashrate reached a peak of ~946 EH/s during the weekend, before falling below 900 EH/s. This indicates growing pressure on miners after cyclical peaks.
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🌐 Mixed sentiment due to geopolitical tensions
Despite some optimism driven by a truce in tensions in the Middle East, the market maintains a "risk-off" attitude going into the weekend, which has led to subdued volatility.
