Bitcoin Holds Ground Near $65,200 as ETF Inflows Offset US-Iran Tensions
Bitcoin maintained its ground near $65,218 on Friday, despite a tense week across global markets. The price action remains anchored to oil movements, ETF flows, and shifting Fed rate expectations.
The recent spot Bitcoin ETF inflows have offered some relief, with nearly $1 billion in total inflows over seven consecutive sessions. However, the market sentiment remains cautious ahead of next week's Federal Reserve meeting.
Ethereum and Solana posted solid gains, outperforming Bitcoin by a significant margin. The altcoins' prices surged by 2.27% and 2.39%, respectively, as investors balanced geopolitical tensions, rising oil prices, and regulatory uncertainty.
US-Iran tensions pushed oil prices above $90 per barrel, lifting Treasury yields to their highest levels in 18 months. The CLARITY Act's continued delay in the Senate added to the regulatory uncertainty, keeping investors on edge.
Middle East escalation tests risk appetite, according to Akshat Siddhant, Lead Quant Analyst at Mudrex. Bitcoin slipped to around $64,800 as fresh Middle East attacks dampened investor confidence.