Bitcoin Holds Below $75K, Eyes Third Weekly Gain
Bitcoin traded largely flat on Friday, hovering just below the $75,000 level, and remained on track for a third consecutive week of gains. The move comes amid improving global risk sentiment, supported by expectations of renewed U.S.-Iran talks over the weekend.
The world’s largest cryptocurrency was last down 0.3% at $74,790.8 in early trading.
Resistance at $75K Limits Further Upside
Bitcoin is set to gain nearly 5% for the week, but continues to face strong resistance near the key $75,000 psychological level. Despite briefly moving above this threshold earlier in the week, the price has struggled to sustain a breakout.
Geopolitical Easing Supports Crypto Markets
Market sentiment improved following a U.S.-brokered 10-day ceasefire between Israel and Lebanon, which aimed to pause hostilities and create space for further negotiations.
The temporary agreement, which could be extended, helped reduce fears of a broader regional conflict. U.S. President Donald Trump also signaled that talks between Washington and Tehran could resume as early as this weekend, boosting hopes for wider de-escalation in the Middle East.
Profit-Taking and Caution Cap Gains
Despite supportive conditions, Bitcoin’s upside remained limited as some investors locked in profits after recent gains. Analysts highlighted that the $75,000 level continues to act as a major resistance zone, preventing a stronger upward move.
Strong Equity Markets Add Support
Broader market conditions remained favorable, with U.S. equities—particularly technology stocks—rallying to record highs during the week. This strength has provided additional support for cryptocurrencies, which often move in line with overall risk appetite.
Grinex Exchange Hit by Cyberattack
In the crypto sector, Russia-linked exchange Grinex suspended operations after a cyberattack resulted in losses of περίπου 1 billion roubles (around $13 million).
The Kyrgyzstan-based platform stated that the breach involved highly sophisticated techniques, suggesting possible involvement of foreign intelligence actors. Grinex, which is under sanctions from the U.S., UK, and European Union, claimed the attack was aimed at destabilizing Russia’s financial system.
Altcoins Show Mixed Performance
Altcoins traded with mixed results on Friday in volatile conditions.
Ethereum declined 1.3% to $2,324.92, while XRP gained 1.4% to $1.43. Solana rose 3%, Cardano added 1.2%, and Polygon advanced 2%.
Among meme cryptocurrencies, Dogecoin edged higher by 0.6%.
