Analysis: Weak US economy, the Iran war, and institutional selling pressure dim Bitcoin's prospects of breaking $75,000.

CoinFeed reported on April 3rd, citing Cointelegraph, that Bitcoin's prospects for a rebound to $75,000 are under pressure due to multiple factors, including a weak US economy, the Iran war, and institutional selling. President Trump's speech on Wednesday failed to guarantee an end to the Iran war, causing oil prices to surge above $110 per barrel, triggering safe-haven demand. The number of continuing jobless claims in the US rose to 1.84 million, and concerns also arose in the private lending market: alternative asset management firm Blue Owl announced "abnormal redemption requests" in two of its private lending funds and set a withdrawal limit of 5%. US spot Bitcoin ETFs have seen net outflows of $450 million since March 24th, indicating weak institutional demand. Although Bitcoin successfully held the $66,000 level this week, traders remain concerned about downside risks over the weekend.