Friday's market is light, global risk assets are down and the encryption market is generally weak. Bitcoin fell by $63,000 and responded to the increase brought about by the US-Iraq peace agreement earlier this week, with most of the mainstream tokens following.

The mainstream currency is falling.

The CoinDesk data show that bitcoin once reported an estimated US$ 62,700, fell by 1.9 per cent 24 hours and 1.3 per cent within week. It fell by 2.3 per cent to $1,695, XRP by 3.2 per cent to $1.13, Solana by 3.2 to $69 and BNB by 2.7 per cent.

The Hyperliquid HYPE fell 3.7 per cent that day, but within the week it rose by 13.2 per cent, one of the best-performing varieties of the main coins this week. Tron is almost flat.

It's about $60 million.

The market is concerned about whether bitcoin can hold down for almost two weeks. It is mentioned that if prices continue to look down and break down the $59,000-$66 million area that was formed earlier this month, this may mean that the wheel is back to a deeper stage.

Some traders consider $45,000 as a potential lower target. However, the article does not give a new trigger for the chain, and the current pressure comes more from the overall retreat of the risk asset.

Money continues to favour bitcoin.

In the case of the macro-markets, the leave factor is a trade-off for many markets. Markets in the United States, Hong Kong, China, Taiwan and others are closed, and Asian stock markets have fallen after successive increases. Brent crude oil reported about $79 per barrel, falling about 9 per cent in the week. The report links this change to a return to normal shipping in the Strait of Hormuz after the signing of the Me-Iraq agreement.

The market will also follow the progress of negotiations on the Iranian nuclear issue. The U.S. Vice President JD Vance said that the 60-day window to finalize the details of the agreement had been activated.

It's about to cool down.

In addition to short-term price volatility, the market is re-evaluating financial flows for the current cycle. The founder of Curve Finance, Michael Egorov, said to CoinDesk that the current round of bitcoin had been different from the previous cycle, one reason being that spot bitcoin ETF had been approved before halving in 2024 and had attracted institutional funds in advance.

In his view, the speculative funds that used to flow into the back of the cattle market had not spread as they had in the past, with part of the money being diverted to the meds, while the longer-term funds were still more favourable to bits. In this judgement, it may be more difficult to obtain sustained funding attention in the short term without a token that is supported by real income and is largely dependent on emotional pricing.