Bitcoin Rebounds Above Key Support Amid ETF Inflows and US-Iran Pause

Bitcoin (BTC) has managed to stay above its key support level around $63,500 after posting four consecutive weeks of gains.

The US-listed spot ETFs recorded mild inflows last week, marking the third consecutive week of gains following heavy withdrawals in mid-May to early July.

The halt in US-Iran strikes has renewed hopes for diplomatic negotiations and improved risk appetite, supporting the Crypto King's recovery.

Institutional demand shows mild signs of improvement with spot ETFs posting inflows for a third consecutive week, according to SoSoValue data. The inflow trend could strengthen this week, leading to further BTC recovery.