Gate Research: Crypto Trades Sideways Awaiting Direction | USDC Supply Expands by Over 2.3B in the Past Week

Gate Research: BTC’s key short-term levels are support around $69,000 and resistance at $71,317. ETH shows neutral to slightly weak momentum, with support near $2,007 and resistance around $2,050. Over the past 24 hours, altcoins broadly followed majors with a market-wide rebound. ACX surged over 80% after a structural transformation that introduced two underlying value anchors—company equity and cash redemption. Meanwhile, Lobster Coin rose more than 60% in recent days after being linked to the viral OpenClaw AI agent software narrative. On the macro side, the Iran conflict has increasingly shifted toward an oil price game, while the crypto market continues to trade in a narrow range awaiting direction. In Dubai, demand for stablecoins has surged, with USDC supply expanding by more than 2.3 billion over the past week.