Bitcoin held above $74,000 as Asian equities recoubled losses since the US-Iran conflict began in February. Other major currencies including Ether, Solana, ADA, and dogecoin also saw a decrease. The current bitcoin price sits near the estimated average entry price for U.S. spot bitcoin ETFs, suggesting it could act as a floor rather than a ceiling for investors who have held through the drawdown below $60,000. The prospect of Federal Reserve rate cuts is also seen as a positive sign for the market.