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#BTC
1. Current BTC Market Overview
Bitcoin (BTC) is currently trading near $75,800 after declining from the recent peak of around $77,280. BTC remains well below its cycle high of nearly $126,000, but the market is still holding up well above the main panic levels seen earlier this year around $65,000–$69,000.
Over the past week, BTC moved through several key levels:
May 23: around $75,488
May 24: around $76,670
May 25: around $76,981
May 26: peak around $77,280
Current range: around $75,000–$76,000
The recent decline of about 2–3% occurred after uncertainty re-emerged regarding ongoing US-Iran peace negotiations. The market initially reacted positively to Trump’s statements about a possible deal, but optimism faded when Iranian officials denied parts of the announcement.