ME News reports that on April 3 (UTC+8), the broader crypto market has seen reduced trading activity, with Bitcoin trading narrowly around $66,600; a brief rebound failed to break above the $67,000 level. Meanwhile, Trump’s stronger signals toward Iran have heightened geopolitical tensions, while rising energy prices have elevated inflation expectations and weakened market expectations for interest rate cuts—previously a key support for Bitcoin’s rally. Data shows that wallets holding between 1,000 and 10,000 BTC have collectively reduced their holdings by approximately 188,000 BTC since last year’s high. At current prices, nearly half of all Bitcoin is trading at a loss, indicating clear market pressure. (Source: ODAILY)
Bitcoin Trapped Near $66,600 Amid Geopolitical Tensions and Inflation Concerns
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Summary
Bitcoin news on April 3 (UTC+8) shows the price stuck near $66,600, unable to break above $67,000. Rising inflation data and geopolitical risks, particularly Trump’s firm stance toward Iran, have kept traders cautious. Energy prices are rising, adding pressure to inflation figures and dampening expectations for rate cuts. Wallets holding 1,000 to 10,000 BTC have sold approximately 188,000 BTC since the peak. Nearly half of all Bitcoin is now in a loss position, indicating ongoing market stress.
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