Bitcoin this week cannot hold the $70,000 barrier. While trading around $74,500 during the Asian session, it retreated from Tuesday's highs. Ethereum and Solana are in worse shape – Ether is down 1.26%, while Solana has struggled with a 1% decline over the past seven days. BNB and XRP are showing relative resilience.

Stocks in the Asia-Pacific region are experiencing sharp declines. South Korea recorded its biggest two-day losses since 2008, and Japanese and Taiwanese stocks are also under downward pressure. Middle Eastern tensions are keeping oil prices elevated, creating a negative environment for risk assets.

Analysts are concerned about whether Bitcoin can maintain the $63,000 support level. Whether ETF inflows will stabilize this week will be critical. Oil prices and the Strait of Hormuz situation continue to be the main factors influencing market sentiment. As long as macroeconomic uncertainty persists, crypto markets may remain under pressure.