The world’s largest cryptocurrency last traded 0.3% lower at $74,790.8
Bitcoin traded largely unchanged just below the $75,000 mark on Friday, and was set for its third consecutive weekly rise, tracking a global risk rally amid hopes for renewed Iran-U.S. talks this weekend.
The world’s largest cryptocurrency last traded 0.3% lower at $74,790.8 by 06:23 GMT.
Bitcoin was set to jump nearly 5% for the week, but it has struggled to decisively break above $75,000 after briefly topping it earlier in the week.
Sentiment was underpinned by an easing in geopolitical risks after a 10-day ceasefire between Israel and Lebanon took effect, aimed at halting hostilities and allowing room for further negotiations.
The temporary truce, which could be extended by mutual agreement, helped reduce fears of a wider regional war that had previously unsettled markets.
The U.S. president indicated that Washington and Tehran could resume talks as early as this weekend. The prospect of renewed Iran-U.S. negotiations raised hopes for broader de-escalation in the Middle East.
However, gains remained capped as investors turned cautious, with some locking in profits after the rally. Analysts pointed to strong resistance around the $75,000 level, which has so far limited further upside.
Broader market cues remained constructive, with U.S. equities – particularly technology stocks – rallying to record highs this week, lending support to digital assets that often move in tandem with risk sentiment.
Russia-linked crypto exchange Grinex has suspended operations after a cyber attack led to the theft of around 1 billion roubles ($13 million), the company said in a Telegram post.
The Kyrgyzstan-based platform said the breach involved highly sophisticated methods.
Grinex said the attack was aimed at undermining Russia’s financial system.
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