Bitcoin Holds $70K – Is The High‑Beta Era Over?

Crypto continues to show resilience with bitcoin (BTC) steadily trading around $70-$71k after briefly dropping below the $70k mark over the weekend, outperforming prior Middle East‑driven sell‑offs where thin liquidity exaggerated downside. Related Reading: Bitcoin PMI Cycle Is The Only Signal That Matters, Analyst Explains Why New QCP’s Market Colour argues that Trump’s failed push for Iran to reopen the Strait over the weekend set the scene for bitcoin’s start of the week. At first, risk assets slipped as traders braced for a spike in geopolitical danger, factoring in possible attacks on Iranian power facilities if the choke-point stayed shut. Once the deadline expired and Trump revealed that any strikes were being delayed due to “productive conversations”, the nerves calmed down a bit and crypto stabilized along with the rest of the risk complex. An Era Shift For Bitcoin? The kind of resilience BTC is showing may partly stem from reduced leverage in the market, but it could also hin