Donald Trump · Bitcoin · Iran · China · Hong Kong · Wall Street · Bitcoin Magazine
Against that backdrop, some analysts argue the sell-off masks a market whose core drivers have changed little
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“The inflation and liquidity channel is doing more work here than the geopolitical hedge narrative,” Sondergaard said.
Key facts
- Bitcoin price traded near $62,800, an extension of Thursday’s 1.4% slide from $65,000, according to Bitcoin Magazine Pro data
- MVRV sits at 1.205 with realized price at roughly $53,000 and the long-term holder cost basis around $49,900, which defines the structural floor,” Sondergaard said
- Hong Kong’s Hang Seng shed 2%, while the Shanghai Composite fell 3.1% to an 11-month low
- Spot bitcoin ETFs drew $510 million across three sessions this month, an end to a $2.73 billion outflow streak, with BlackRock’s IBIT in the lead
Summary
Bitcoin price fell below $63,000 as U.S. strikes on Iran and renewed U.S.-China tensions sparked a broader risk-off sell-off, though analysts say resilient onchain data and renewed ETF inflows suggest buyers are quickly stepping back into the market. Bitcoin price fell below $63,000 on Friday, as a fresh wave of U.S. airstrikes on Iran and a new political dispute between Washington and Beijing pushed investors out of risk assets. Bitcoin price traded near $62,800, an extension of Thursday’s 1.4% slide from $65,000, according to Bitcoin Magazine Pro data. The bitcoin price retreat tracked a broad decline across global markets. Futures tied to the Nasdaq pointed to a decline of 1.6%, an echo of Thursday’s drop on Wall Street, where chip shares from Nvidia, Micron, Broadcom and Qualcomm came under pressure on fears that the AI rally has run past its earnings.