1 month ago
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Key takeaways
- Bitcoin is trading below $64,000 after rallying more than 6% last week.
- U.S. spot Bitcoin ETFs recorded $526.64 million in net outflows, marking an eighth consecutive week of withdrawals.
- Renewed geopolitical concerns surrounding the Strait of Hormuz are limiting demand for risk assets.
Bitcoin (BTC) is trading slightly lower on Monday after climbing more than 6% last week, with buyers struggling to push the cryptocurrency above the key $64,000 resistance level.
Although last week’s rebound improved short-term sentiment, persistent institutional selling and renewed geopolitical uncertainty continue to cap upside momentum.
For now, Bitcoin remains caught between improving technical conditions and cautious macroeconomic sentiment.
Spot Bitcoin ETFs extend historic outflow streak
Institutional demand for Bitcoin remains under pressure. According to CoinGlass data, U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $526.64 ...
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