Bitcoin Holds Ground Near $60K Amid Ongoing Middle East Tensions and Strategy Fears

Bitcoin held steady near $60,000 over the weekend despite rising tensions in the Middle East and ongoing pressure from Strategy-related concerns.

The largest cryptocurrency had seen a volatile week, dropping to its lowest level since late 2024 before stabilizing around $60,000.

Analysts point out that a break above $66,000 could revive momentum, while support remains at $58,000.

CryptoQuant's on-chain data suggests that Bitcoin is in an accumulation zone, with short-term holder dominance decreasing to 27.6% - a level often seen before market tops.