Haciyev Reşit 
Bitcoin is heading toward one of its longest weekly losing streaks since 2022, as global geopolitical tensions weigh on financial markets. Rising political and economic uncertainty has pushed investors away from riskier assets, increasing selling pressure in the cryptocurrency market. A stronger U.S. dollar and higher oil prices are tightening global financial conditions and weakening risk appetite. Already showing a fragile outlook, the crypto market remains under additional pressure from these macro developments, with investors adopting a more cautious short-term stance.
A Fifth Consecutive Weekly Loss Looms
According to market data, Bitcoin is preparing to post its fifth consecutive weekly loss for the first time since the March–May 2022 period. During Asian trading hours, Bitcoin was down about 3% on a weekly basis, slipping below $67,000 and moving toward another red weekly close. This indicates that short-term recovery attempts are being met with continued selling pressure. This marks one of the most notable weak performances since the nine-week consecutive decline recorded in 2022. Analysts note that weak technical indicators, combined with macroeconomic pressures, are increasing downward pressure on price, and recovery may remain limited unless a strong buying catalyst emerges.
Geopolitical Tensions and Macro Pressure
Rising tensions in the Middle East have become one of the key factors dampening global risk appetite. Reports of increased U.S. military presence in the region and potential new conflict scenarios have pushed investors toward safe-haven assets.
Amid geopolitical uncertainty:
- The U.S. Dollar Index climbed to 97.7, its highest level since February 6
- WTI crude oil rose from $62 to around $65
A stronger dollar and higher oil prices are tightening financial conditions, putting pressure on risk assets. This creates a negative short-term macro environment for Bitcoin and other cryptocurrencies.
Weakening Long-Term Performance
Bitcoin has fallen more than 50% from its October peak of approximately $126,500, retreating to the $60,000 range. This sharp pullback highlights sustained selling pressure in recent months, with five consecutive months of decline drawing attention. This period represents the second-longest monthly losing streak in Bitcoin’s history and suggests the market has not yet entered a lasting recovery phase.
Meanwhile, Bitcoin’s performance against gold has also remained weak. Underperforming the precious metal for seven consecutive months, Bitcoin is experiencing one of its longest periods of relative weakness in this pairing. Analysts point out that during times of global uncertainty, investors’ preference for traditional safe-haven assets plays a significant role in this trend.
Assessment
Increasing geopolitical tensions, a strengthening dollar, and rising energy prices are intensifying short-term pressure on Bitcoin. Combined with technical weakness, these macro factors are sustaining a cautious outlook in the crypto market. Analysts suggest that Bitcoin could regain strength if global risk appetite improves and macro uncertainties ease, but under current conditions, volatility is likely to remain elevated.
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