Bitcoin fell on Saturday, trading above the $74,000 level as investors remained cautious amid ongoing geopolitical tensions in the Middle East and uncertainty over U.S. crypto regulation.
The world’s largest cryptocurrency dropped 3.42% to $74,654.2, extending a subdued weekly performance after failing to reclaim the key $78,550 resistance level earlier this week.
Market sentiment remained fragile as traders monitored developments surrounding U.S.-Iran negotiations and awaited further signals from U.S. policymakers on digital asset regulation.
U.S. President Donald Trump said negotiations with Iran were in their final stages, while warning that Washington could take a more aggressive stance if no agreement is reached. Iranian President Masoud Pezeshkian reiterated support for diplomacy but rejected coercive pressure from the West.
Macro uncertainty also weighed on sentiment after Fed minutes showed policymakers remained open to further interest rate hikes if inflation stays elevated.
Bitcoin continued to trade within a tight range between $74,000 and $78,000. Analysts noted that falling oil prices and easing bond yields earlier in the week provided temporary support.
In Washington, a revised Strategic Bitcoin Reserve bill was introduced, lowering the government’s Bitcoin acquisition target while introducing stricter holding requirements.
The SEC delayed action on a proposed exemption framework for tokenized assets and third-party token offerings.
Some analysts believe Bitcoin’s resilience near current levels reflects continued long-term institutional interest despite heightened volatility.
Altcoins followed Bitcoin lower. Ethereum fell 4.47% to $2,029.05. XRP slipped 3.64% to $1.3106. Solana and Cardano shed 5.99% and 5.33%, respectively. Dogecoin was lower by 5.87%.
