- Trump hints at resuming peace talks between the United States and Iran:

U.S. President Donald Trump said on Tuesday that peace negotiations with Iran could resume this week despite the blockade imposed on the Strait of Hormuz and the failure of talks in Pakistan over the weekend.

U.S. Vice President J. D. Vance stated on Sunday that Iran has not yet made an explicit commitment not to pursue nuclear weapons, leading to the collapse of peace talks. Iranian officials who attended the talks said that the United States had not earned the regime’s trust.

The U.S. Navy continues its blockade of the Strait of Hormuz, forcing ships coming from Iranian ports to suspend their voyages. Global oil and gas supplies are still facing increasing pressure amid concerns about rising inflation and slowing economic growth.

Despite the continued state of extreme fear in the cryptocurrency market, with its index reaching 23 on Wednesday, it has improved compared with 21 on the previous day. The overall rise in investors’ risk appetite pushed Bitcoin’s price to near record levels of around $76,000, but the “King of Cryptocurrencies” lacks sufficient momentum to continue recovering toward the $80,000 threshold.

Crypto Fear and Greed Index | Source: Alternative

- Crypto Today: Bitcoin struggles to hold onto its gains amid selling pressure
Bitcoin is currently trading at about $73,847, maintaining a slight upward trend in the short term, as it holds above the 50-day exponential moving average (EMA) at around $71,117, while the broken-down trendline provides support near $72,888. By contrast, the price remains below a medium-term resistance level, with the 38.2% Fibonacci retracement correction from the high on January 14 to the low on February 6 at about $74,684, while the 100-day exponential moving average at $75,263 serves as the current upper limit.

However, the positive moving average convergence divergence (MACD) on the daily chart and the relative strength index (RSI), slightly below 60, indicate that bullish momentum is still building without having reached overbought conditions.

Daily chart of the BTC/USDT pair

On the downside, Bitcoin’s immediate support level is in the recent breakout zone around $72,888, surpassing the 50-day exponential moving average at $71,117, while a deeper pullback could target the 23.6% Fibonacci retracement correction near $69,231 as a stronger demand zone. On the upside, a clear daily close above the Fibonacci barrier at $74,684 would reveal the 100-day exponential moving average at $75,263, with an additional bullish extension targeting the 50% Fibonacci retracement level near $79,091.
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