The most important news and movements

1. Geopolitical pressures

The market has been directly affected by the escalation of international tensions, as recent political speeches regarding the conflict with Iran have led to a decline in risk appetite, prompting investors to turn to safer assets such as gold and the dollar, which has negatively impacted cryptocurrencies.

2. Exchange-Traded Funds (ETFs)

Bitcoin Spot ETFs saw outflows of approximately $174 million mid-week, reflecting institutional caution amid current volatility.

3. Technical analysis and trends

Fear and Greed Index: Sitting at a level of 29 (Fear), with negative funding rates indicating that the bearish trend is currently in control.

Support and resistance levels: The $66,000 area is considered critical support for Bitcoin; breaking it could open the door for further declines towards $64,000. Conversely, the $68,000 - $70,000 area stands out as strong resistance that must be broken to regain upward momentum.

Other quick news

Digital yuan: The People's Bank of China adds 12 new banks as certified operators for the digital yuan, in a move to enhance the adoption of government digital currencies.

Solana (SOL): Facing pressure to stabilize below $80 after technical concerns raised by a recent hack of one of the protocols (Drift).

Quick tip: The market is currently in a "wait and see" mode, so it is advisable to closely monitor daily closures before making major investment decisions.