I just reviewed the charts and see that the market deflated quite quickly. On Thursday, Bitcoin was at $72,990 (rising 1.06% in 24h), but the thing is, just two days ago everything was euphoric over the ceasefire between the U.S. and Iran. Now it turns out there are cracks in the agreement— the Iranian Parliament says three clauses were violated, and the Strait of Hormuz remains practically closed. Brent crude rebounded to $97 after dropping more than 10% on Wednesday, reflecting how quickly the market's narrative changed.

Altcoins took a hit. Ethereum fell to $2,240 (just +1.11% in 24h), Solana dropped to $84.75, XRP is at $1.35, and even Dogecoin retreated to $0.09. BNB stayed more or less stable at $605.80. The interesting thing is that Bitcoin managed to stay above $70,000 despite all the volatility—that’s something constructive considering the $65,000-$73,000 range has contained everything since late February. Now Bitcoin is testing the top of the range instead of crawling along the bottom.

What worries me is the macro context. Central banks are in "uncoordinated tightening" mode, according to some analysts— the Federal Reserve continues talking about inflation risks, Japan is recording decades-high wage levels, and all this combined with geopolitical uncertainty creates a very unstable anchor for rate expectations. S&P 500 and European futures pointed to 0.2% declines, signaling that the four-day winning streak for global stocks was ending.

Oh, and something that didn’t go unnoticed: the WLFI token from World Liberty Financial plummeted to $0.08 (dropping 13.99% in 24h), its lowest level since launch in 2025. Apparently, the company defended a controversial lending strategy on the DeFi platform Dolomite. So while Bitcoin and the rest of the market try to find a floor, some projects are facing their own problems.