Bitcoin trades above a make-or-break level ahead of Warsh hearing

Bitcoin is trading with a positive bias above the key $75,000 threshold (around $76.7k), a make-or-break level for bulls. Markets face two near-term catalysts that could drive volatility: the U.S.–Iran ceasefire expiry (Wednesday) with attendant oil and equity risk, and Federal Reserve chair nominee Kevin Warsh’s Senate hearing (Tuesday), which could shift rate-cut expectations. Major altcoins (ether, solana, XRP) have lagged bitcoin—rising under 2% in 24 hours—while smaller tokens and memecoins gained. DeFi is under pressure after a KelpDAO hack: Aave’s TVL fell to $16B (down ~$10B), AAVE token is down ~18% to $93, and open interest in AAVE futures hit a record 3.59M tokens, signaling elevated leverage and potential volatility. Overall, bitcoin’s technical hold is bullish but mixed with headline risk that could quickly reverse gains.