Bitcoin Reclaims $66,000 Level: Geopolitical Risks and Exchange Reserves Under Watch

Geopolitical Pressure and Market Recovery Bitcoin (BTC) has recovered its losses to climb back above the $66,000 mark after dropping to as low as $64,400 due to heavy selling pressure over the weekend.
Despite the Crypto Fear and Greed Index remaining in the "extreme fear" zone for the seventh consecutive day, dip-buying has helped stabilize the price.
The market volatility comes amid uncertainty fueled by U.S.
President Trump’s proposed new tariffs and escalating tensions between the United States and Iran.
These macroeconomic risks continue to weigh on investor appetite, triggering a search for safe-haven assets.
Crypto Stocks and the Mining Sector MicroStrategy (MSTR), Bitcoin’s largest corporate backer, saw its shares decline by 2% in pre-market trading.
Similarly, shares of Coinbase (COIN), MARA Holdings (MARA), and Bullish (BLSH) also dropped by approximately 2%.
AI-focused mining companies IREN and Cipher Mining (CIFR) showed more resilience compared to the broader sector, with limited losses of 1%.
In the technology indices, the Invesco QQQ fell by 0.3%, while the software-focused IGV ETF recorded a 1% decline.
Exchange Reserves and Whale Movements Bitcoin balances on the Binance exchange have reached their highest level since November 2024, rising to approximately 676,835 BTC.
Data reveals that a single whale transferred approximately $760 million worth of Bitcoin to Binance.
The increase in exchange balances is often interpreted as potential selling pressure in the market.
Meanwhile, the U.S.
Dollar Index (DXY) maintains its strong stance, hovering just below the 98 level.