VNCOIN Guide: Bitcoin price news: BTC suffers late-week $110 billion wipeout as Iran trumps positive developments

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  • Bitcoin briefly pushed toward $74,000 this week, buoyed by a string of bullish developments that have tied the crypto industry ever closer to traditional finance.
  • Some market observers began calling this a bullish rally, with one analyst even saying that the new run 'has legs.' Yet the rally didn’t last.
  • By the end of the week, the largest cryptocurrency had slipped back below $69,000, losing $110 billion in market cap.
  • The pullback came despite what might otherwise have been considered one of the most positive stretches of institutional news for the sector in months.
  • Morgan Stanley named Bank of New York Mellon as a custodian for its spot bitcoin ETF exposure, adding another layer of Wall Street infrastructure around the asset class.
  • Crypto exchange Kraken gained access to the Federal Reserve’s payment system, a milestone in integrating crypto firms with the U.S.

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Nguon tham khao: https://www.coindesk.com/markets/2026/03/06/why-bitcoin-suffered-a-usd110-billion-wipeout-despite-its-best-week-of-wall-street-news-in-months

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