Bitcoin anchors near $70,000 as RAVE's 3,400% surge signals speculative froth

What Happened

Bitcoin remains above $70,000 despite geopolitical tensions from Iran-U.S. talks breakdown. Major cryptocurrencies like Ethereum, XRP, and Solana show resilience. However, obscure tokens like RAVE surged 3,400% weekly, signaling speculative excess. Analysts note $70,000 is critical support; breaking below could accelerate decline. Hyperbridge exploit and World Liberty Financial controversy add pressure. Some analysts predict prices could drop to $66,000 before recovery.

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