Bitcoin Holds Steady at $65K as ETF Inflows Lift Sentiment

Bitcoin has held near $65,000 as sentiment improved following $1.1 billion in net inflows into US spot Bitcoin and Ether ETFs over the past week.

The cryptocurrency was trading at $65,242 on Monday after a turbulent seven days that included fallout from a hardware wallet security exploit and a contentious minority-chain split.

According to Akshat Siddhant, Lead Quant Analyst at Mudrex, Bitcoin has weathered this period without significant price damage.

The next major test arrives on August 12, when the US will release its July CPI inflation print. Softer inflation could extend the rally across crypto and precious metals, while an upside surprise could revive dollar and Treasury yield strength and trigger broader profit-taking.