I noticed that Bitcoin had an interesting week but ultimately quite frustrating. On Thursday, it hit $74,000 and seemed like it could continue, but on Saturday it crashed below $68,000 with a 3.4% drop in the last 24 hours. It now seems like a recurring pattern: rallies are dampened by weekend selling.

The issue is that news about the dollar continues to dominate sentiment. The US dollar recorded its biggest weekly gain in the past year, and this weighs heavily on Bitcoin and other cryptocurrencies. Added to this are the scenarios of interest rates remaining high longer than expected, higher energy costs, persistent inflation. All together, this creates a tough environment for risky assets.

Interesting data I saw: 43% of the total Bitcoin supply is currently in loss. This means that every time the price rises a little, hundreds of thousands of holders in the red sell to break even. It’s a huge resistance. Meanwhile, inflows of stablecoins increased by 415% to $1.7 billion during the week, suggesting that some are preparing capital to enter but are waiting for better prices.

Other cryptos followed the trend: Ether lost 4.4%, Solana 4%, BNB 2.6%. But the weekly picture is less negative — Bitcoin is still up 3.6% over seven days, Ether up 2.6%. Volatility remains high, and the dollar continues to make headlines in global financial markets. The geopolitical situation doesn’t help: the Strait of Hormuz remains tense, oil prices are high. For now, the range of $68,000–$74,000 seems to be where Bitcoin is moving.