New Bitcoin macro analysis found its "addressable market" surpassed the $38 trillion gold market cap, driven by geopolitical instability and financial sanctions.

Bitcoin paused its rally toward new range highs while the S&P 500 came within an inch of a fresh year-to-date high, leading analysts to warn that traders are overconfident.

Bitcoin rallied to levels not seen since early February after US PPI inflation fell well below market expectations.

Bitcoin rallied to $72,500 as US stocks reacted to US efforts to blockade the Strait of Hormuz. Despite the rebound, BTC traders warned that a price correction remains a risk.

Bitcoin preserved $70,000 at the weekly close as markets began reacting to a breakdown in US-Iran negotiations and blockade of the Strait of Hormuz.