Analysis: Bitcoin fluctuated narrowly around $66k, with macro and geopolitical conflicts suppressing the market.

MeNews · 2026-04-04T03:25:07+00:00

Recently, trading activity in the crypto market has been subdued, with Bitcoin prices fluctuating around $66,600 and failing to break through $67,000. Escalating geopolitical tensions and rising energy prices have impacted market sentiment, leading to significant reductions in wallets holding 1,000 to 10,000 BTC, and the market is under noticeable pressure.

MeNews

2026-04-04 03:25:07

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ME News message, April 3 (UTC+8). Crypto markets have recently seen overall trading activity thin out. Bitcoin has been trading in a narrow range around $66,600, and a short-term rebound failed to break above the $67,000 level, while Trump’s tougher signals toward Iran have intensified geopolitical tensions. Energy prices rising have lifted inflation expectations and weakened market bets on rate cuts (previously an important support for Bitcoin’s rise). Data shows that wallets holding between 1,000 and 10,000 BTC have cumulatively reduced holdings by about 188k BTC since last year’s peak. At current prices, nearly half of the Bitcoin is in unrealized losses, and signs of pressure on the market are clear. (Source: ODAILY)

BTC0.38%

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