Bitcoin Nears $70,000 to Break Losing Streak Amid Trump-Backed Platform Attack

Bitcoin (BTC) is approaching the psychological $70,000 resistance level, supported by a broader rally in U.S. equities and strong buying momentum. This upward move puts the leading cryptocurrency on track to snap a multi-week losing streak, following significant market liquidations totaling $429 million. Alongside surges in crypto-related stocks like Coinbase and Circle, major altcoins such as Ether (ETH) and Solana (SOL) have maintained gains exceeding 10%. However, the market is cautiously monitoring news from World Liberty Financial, a platform backed by the Trump family, which reported being the target of a "coordinated attack." Investors are now focused on the sustainability of this rally and Bitcoin's ability to breach new price ceilings despite emerging security challenges in the sector.