Bitcoin’s rally toward $80,000 faltered on Monday, with prices slipping back to around $76,600 as geopolitical tensions and macro uncertainty dampened market sentiment.
After climbing to its highest level since early February in overnight trading, BTC reversed direction during the U.S. session, falling დაახლოებით 1.5% over the past 24 hours. The broader crypto market moved lower as well, with ether (ETH), XRP and solana (SOL) each declining करीब 3%, while the CoinDesk 20 Index dropped around 2%.
The retreat comes amid growing uncertainty surrounding U.S.-Iran negotiations and continued disruptions in the Strait of Hormuz, a vital route for global oil shipments. Reports suggest Iran has proposed halting attacks on vessels in exchange for broader concessions, including lifting the U.S. naval blockade and delaying nuclear talks. However, the situation remains unclear after former President Donald Trump reportedly canceled plans to send envoys, leaving negotiations in doubt.
Oil prices climbed sharply in response. Brent crude rose more than 3% to about $107 per barrel, while West Texas Intermediate gained 2.6% to roughly $97, adding pressure on risk assets.
In traditional markets, the Nasdaq slipped 0.3% from recent highs, while the S&P 500 remained flat ahead of a major earnings week featuring tech giants such as Alphabet, Meta, Microsoft and Apple.
Crypto-related equities also declined. Shares of Coinbase fell around 1.5%, Circle dropped 3.5%, and Galaxy Digital slid nearly 6%.
Despite steady institutional inflows, bitcoin’s underlying structure suggests limited momentum. Analysts at Bitfinex said selling from short-term holders locking in profits is offsetting fresh demand from ETF investors and Strategy (MSTR), preventing a sustained breakout.
As a result, the market may remain range-bound in the near term. Bitfinex analysts noted that consolidation—or even a pullback toward the $75,000 level—is the most likely scenario unless bitcoin can decisively break above $80,000, which would signal a stronger bullish trend.
For now, bitcoin remains in a holding pattern, with macro headwinds and profit-taking continuing to cap upside.
