Bitcoin held steady above the $75,000 level on Friday, remaining on track for a third straight weekly gain as improving global risk sentiment, driven by expectations of renewed U.S.-Iran negotiations this weekend, supported prices.
The leading cryptocurrency was down 0.03 percent at $75,152 as of 8:00 GMT, while Ether gained 0.11 percent to $2,341.72.
For the week, Bitcoin was poised to rise nearly 5 percent, although it has found it difficult to sustain momentum above the key $75,000 psychological threshold after briefly surpassing it earlier in the week.
Mideast geopolitical tensions ease
Market sentiment was supported by a cooling in geopolitical tensions following a U.S.-brokered 10-day ceasefire between Israel and Lebanon, designed to halt fighting and create space for further negotiations.
The temporary agreement, which may be extended if both sides consent, eased concerns about a broader regional escalation that had previously weighed on financial markets.
U.S. President Donald Trump also suggested that Washington and Tehran could restart discussions as soon as this weekend, boosting expectations for renewed U.S.-Iran talks and a potential wider de-escalation in the Middle East.
Read: Bitcoin rises to near $75,000 on improving global risk sentiment
Tech rally supports Bitcoin
Still, upside momentum was limited as investors grew more cautious, with some opting to take profits after recent gains. Market participants highlighted Bitcoin’s strong resistance near the $75,000 level, which has repeatedly constrained further advances.
At the same time, broader market conditions remained supportive, as U.S. equities, especially technology shares, hit record highs this week, helping to bolster digital assets that tend to track overall risk appetite.
The broader crypto market traded unevenly on Friday amid volatile and choppy conditions. XRP, the third-largest token, gained 2.73 percent to $1.4436.
Solana rose 4.27 percent to $88.660, while Cardano advanced 2.9 percent to $0.257 and Polygon added 2 percent.
Among meme coins, Dogecoin posted a 2.65 percent gain.
