US-Iran Tensions Fail to Deter Bitcoin as Gold Prices Plunge

Bitcoin's price remains stable above $78,000 as it consolidates alongside gold, which is also holding steady at around $4,400. The cryptocurrency market is showing a positive sentiment, with the Fear & Greed Index at 62, indicating greed territory and potential for demand in Bitcoin spot Exchange-Traded Funds (ETFs).

According to SoSoValue, inflows into US-listed spot ETFs totaled $924 million through Friday, down from $1.92 billion in the previous week. The cumulative inflows currently stand at $55 billion, with net assets under management at $98 billion.

The renewed tensions between the US and Iran have also had a bearing on gold prices, which have been declining over the past two days. However, Bitcoin's price remains resilient, supported by its recent surge from the mid-$60,000s.