Bitcoin Price Stalls Below $65,700 as ETF Inflows Defy Fed Pressure

The Bitcoin price has continued to hover around $64,000 after a surge in ETF inflows, despite the Federal Reserve's hawkish stance.

According to CoinGecko data, U.S. spot funds attracted $233.1 million on Thursday, marking their strongest daily intake in over three weeks.

BlackRock's iShares Bitcoin Trust received $183.4 million, accounting for nearly four-fifths of total inflows, while Bitwise's Bitcoin ETF added $20.7 million and Fidelity's fund received $15.5 million.

The influx of funds lifted weekly net inflows to $203.84 million before Friday's session, with July net inflows reaching $437.8 million after Thursday's activity.

Despite the strong demand for ETFs, the Bitcoin price remains below the crucial $65,700 resistance level, having been rejected twice from this zone by crypto trader That Martini Guy.