Bitcoin Defies Volatility with $1 Billion Institutional Inflows

Bitcoin has held firm near recent highs, trading at around $79,500 on Monday after gaining more than 3.4% over the past week.

The strong institutional demand for Bitcoin continues to support its price, with US-listed spot Bitcoin exchange-traded funds recording nearly $1 billion in net inflows for a third consecutive week.

However, escalating geopolitical tensions between the United States and Iran are keeping expectations for tighter Federal Reserve monetary policy elevated, which could weigh on Bitcoin's gains.