Lukas Limbach

Bitcoin dipped below $75,000 on Saturday before rebounding on US-Iran peace signals as the SEC shelved its tokenized stock exemption — even as BlackRock's RWA push and SpaceX's $1.45B Bitcoin disclosure kept institutional momentum in focus.

Friday's crypto session — Bitcoin's 16th Pizza Day — brought tight $77K consolidation, ~$200M in balanced liquidations, a 12x surge in euro stablecoin volume under MiCA, and a foiled kidnapping targeting The Sandbox co-founder's wife in France.

Bitcoin lost the $77K shelf to a two-week low of $76,270 as Trump's 'clock is ticking' Iran warning triggered $657M in liquidations — 89% longs. Brent topped $112, ETH slid to $2.1K, BTC ETFs bled $648M, and Trump's payment-rails executive order landed by evening.

Crypto posted its first green day in nearly a week on Wednesday after the Senate voted to curb Trump's Iran war powers, easing oil and yields. But falling futures open interest and year-low volatility suggest traders used the bounce to cut exposure, not chase it.

Bitcoin opened at $77,414 and bled to $76,270 as Iran tensions, $1B in weekly ETF outflows and a 5.1% 30-year yield converged. ETH hit $2,104, $814M in liquidations cleared the leveraged book (88% longs), and the Altcoin Season Index dropped to 30, deep Bitcoin Season.