Bitcoin experienced a setback following the stalled US-Iran peace talks, which dampened market sentiment. It failed to break through the $73,000–$74,000 resistance zone and dropped by approximately $3,200. This decline contributed to an estimated $83 billion decrease in the total crypto market value, which now stands at around $2.39 trillion. Currently, BTC is trading within a range of $70,000 and $71,000, with $70,500 serving as a crucial support level. The resistance is seen between $71,000 and $72,000 as traders await a clearer breakout direction.
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