Bitcoin declined 1.18% to $70,847 from yesterday's close of $71,695, giving back gains from the Iran ceasefire bounceMarket sentiment cooled from ceasefire euphoria to cautious optimism as Bitcoin failed to sustain momentum above $72,000
Morgan Stanley launched its 0.14% fee Bitcoin ETF with $34 million in first-day flows, intensifying institutional competition
Bernstein and Adam Back countered quantum computing fears, framing the threat as a manageable multi-year upgrade cycle
Iran's Bitcoin toll demands for Hormuz oil tankers signal sovereign adoption for sanctions evasion
Bitcoin mining efficiency improved as Cango cut production costs 19% while selling $143 million in BTC for debt reduction
Network fundamentals remain robust with hashrate near 954 EH/s and minimal transaction fees supporting long-term infrastructure strength
Market Snapshot
Market Cap
$1.42T
24h Volume
$40.72B
Dominance
56.9%
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