Crypto Markets Steady Amid Renewed Institutional Demand and Middle East Tensions

Bitcoin's recent gains above $64,300 remain intact on Tuesday as it holds its position above the 50-day Exponential Moving Average (EMA). The recovery is attributed to renewed institutional demand, with over $137 million in ETF inflows reported on Monday. However, the Crypto King still faces challenges from persistent Middle East tensions that weigh on broader risk sentiment.

The Pi Network token, PI, has been consolidating below $0.0900 and holding above the $0.0839 support level. The Core Team's efforts to push for real user adoption are underway by raising costs for AI-powered app creation, effective from August 24. This move aims to leverage-linked risk exposure easing as Open Interest declines.

Chainlink (LINK) faces resistance near $9.56 on Tuesday after rallying over 14% last week. The cautious tone is supported by weakening derivatives metrics, suggesting bullish momentum may be losing steam. Nevertheless, renewed demand from institutional investors hints that LINK could push higher.