Bitcoin Falls 10% in Past Week; Mark Cuban Says BTC Failed as Inflation Hedge

According to Mark Cuban, Bitcoin dropped over the past week, falling 10% since mid-May and 40% from October's $126,000 peak. Cuban said that after recent Iran-related events, gold rose while Bitcoin fell, despite historically rising when the U.S. dollar declines. He expressed greater disappointment with Bitcoin and less disappointment with Ethereum.

CryptoQuant analysts noted Bitcoin touched its 200-day moving average at $82,400 after rebounding 37% from April lows, a key bearish resistance level. The current move mirrors Bitcoin's March 2022 pattern, when a 43% rebound similarly encountered the 200-day line before reverting downward.