Bitcoin drops 1.8% amid Middle East tensions; ETFs see mixed inflows after weeks of outflows
Bitcoin fell 1.8% to $62,853 as escalating tensions between the US and Iran raised risk aversion, pushing investors away from digital assets. Despite eight weeks of outflows, Bitcoin ETFs attracted $197.4 million in new capital last week, led by BlackRock's iShares Bitcoin Trust. Market experts remain cautious, noting weak spot demand and seasonal trends could keep Bitcoin under pressure, with a potential bottom forming around October. Ether ETFs also saw inflows, signaling some renewed institutional interest amid ongoing geopolitical and economic uncertainty.
Bitcoin fell 1.8% to $62,853 as escalating tensions between the US and Iran raised risk aversion, pushing investors away from digital assets. Despite eight weeks of outflows, Bitcoin ETFs attracted $197.4 million in new capital last week, led by BlackRock's iShares Bitcoin Trust. Market experts remain cautious, noting weak spot demand and seasonal trends could keep Bitcoin under pressure, with a potential bottom forming around October. Ether ETFs also saw inflows, signaling some renewed institutional interest amid ongoing geopolitical and economic uncertainty.
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