Bitcoin demonstrated early signs of decoupling from the 'war narrative', having previously traded in tandem with crude oil, but pared intraday gains as US equities opened lower and the S&P 500 declined. Strong capital inflows and crypto-specific demand have provided support, yet Bitcoin remains vulnerable to broader risk-appetite deterioration in equities and energy-driven inflation concerns. The market is navigating a balance between robust investment inflows and macro headwinds, with the $78,100–$80,100 zone identified as a critical resistance range for sustained recovery.

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