What you need to know:
Bitcoin dropped around 3.4 percent to approximately $68,000 on Saturday, after a midweek rally to $74,000, continuing a pattern of late-week selling within a narrow trading range. Despite the pullback, major cryptocurrencies remain modestly up for the week, even as a surging U.S. dollar and expectations of delays in interest rate cuts by the Federal Reserve weigh on risk assets. On-chain data shows that approximately 43 percent of the bitcoin supply is now at a loss, generating selling pressure on rallies, while a strong increase in stablecoin inflows suggests idle capital that could re-enter the market amid ongoing tensions in the Middle East.
BTC
67,187.34
+0.46%