BTC US$71k. Strategy sells 32 BTC; Iran peace talks collapse
The collapse of the US-Iran peace talks, along with news that Michael Saylor had committed heresy by selling some of Strategy's Bitcoin, sent BTC prices down almost 4% in 24 hours. President Trump says the ceasefire will likely be extended following moves to dampen the conflict between Israel and Hezbollah, but hopes of a speedy resolution are fading. Even as crypto prices tank, the S&P 500 and Nasdaq are hitting record highs, with the Shiller PE ratio at 42.78 — the highest reading since just before the dotcom bubble popped. Large outflows from Bitcoin ETFs suggest “institutions aren't just reducing exposure, they're doing it urgently and at scale," according to Glassnode. But crypto analyst Maartuun says smart money buyers may see value, with a "short-term relief rally looking increasingly possible." Bitcoin finishes the week down 7.5% to trade around A$99,294/US$71,072, while Ethereum lost 4.9% to trade around A$2,793/US$1,995. Bitcoin's dominance has fallen to 59.25%, with altcoins trading at their highest relative levels since the October crash. Hyperliquid is the biggest winner and is now firmly ensconced in the top 10 with a 23.9% gain this week, thanks to healthy ETF inflows. Solana lost another 4.1% this week and has seen its eighth consecutive month in the red, while Cardano dropped 5.2% and now languishes at No. 17. XRP lost 3.9%, and Dogecoin fell 0.5%. The Crypto Fear and Greed Index is at 23, or Extreme Fear.
