Bitcoin Holds Key Support Amid ETF Inflows and US-Iran Diplomatic Hopes

Bitcoin's price has been holding above its key 200-week Simple Moving Average (SMA) around $63,500, marking four consecutive weeks of gains. This stability comes amidst institutional demand showing mild improvement with spot Exchange Traded Funds (ETFs) posting inflows for a third straight week.

The halt in US-Iran strikes has also renewed hopes for diplomatic negotiations, improving modest risk appetite and supporting the crypto market's recovery.

Shiba Inu (SHIB), on the other hand, experienced a 3% drop on Monday, likely due to a profit-driven pullback after rising over 25% in the last two days. The mystery rally in SHIB has been linked to supply burns, Korean market demand, and ecosystem expansion.