Bitcoin Holds Steady Near $65K as $1.1B Crypto ETF Inflows Boost Sentiment

Bitcoin's price remains steady at around $65,000 as it navigates a turbulent seven-day period. Despite recent setbacks, including a hardware wallet security exploit and a contentious minority-chain split, Bitcoin has managed to hold its ground without significant price damage.

US spot Bitcoin and Ether ETFs have attracted a substantial $1.1 billion in net inflows over the past week, their strongest performance since mid-April. This influx of capital is expected to boost sentiment, but market experts caution that the next major test lies ahead on August 12, when the US releases its July CPI inflation print.

Riya Sehgal, Research Analyst at Delta Exchange, notes that attention now shifts to the US CPI, with softer inflation potentially extending the rally across crypto and precious metals. Conversely, an upside surprise could revive dollar and Treasury yield strength, triggering broader profit-taking.