| Bitcoin Eyes Breakout As Price Consolidates Around $107K Bitcoin was mostly stuck in a narrow range between $106K and $108K. Analysts say this consolidation may be the calm before a significant price move. Despite recent geopolitical tensions, namely a U.S. strike on Iranian nuclear facilities, Bitcoin quickly recovered, demonstrating strong market resilience. Daily liquidations have declined 4% to around $200 million, with most being shorts, suggesting bulls are holding key support levels. Institutional interest also appears to be growing, as the number of wallets holding 10 or more BTC has hit a multi-month high of 152,280. This "whale accumulation" trend is often seen as a precursor to bullish momentum. Meanwhile, altcoins are showing mixed performance. XRP leads large-cap gainers with a 4% increase, while QNT and JUP are also up significantly. On the downside, APT, PI, and SEI are among the week’s worst performers.
Ethereum ETF Demand Rises Again Investor interest in U.S. spot Bitcoin and Ethereum ETFs is surging again, led by major institutions like BlackRock and Fidelity. Bitcoin ETFs continue to attract the most capital, with over $588 million in daily inflows and BlackRock’s IBIT dominating the space. Meanwhile, Ethereum ETFs are rebounding after a brief slowdown, with BlackRock’s ETHA leading the pack. The renewed inflows signal growing institutional confidence and demand for regulated crypto investment vehicles.
Bitcoin Surges As USD Hits 3-Year Low Amid rising geopolitical tensions between Iran and Israel, Bitcoin has defied traditional market behavior where investors typically flee to the USD for safety. This time, the dollar has weakened instead, with the U.S. DXY falling to 97.50, its lowest since February 2022. Economists note that the dollar’s usual safe-haven appeal is waning. Bitcoin, on the other hand, is gaining strength and investor confidence, rebounding quickly after a brief dip below $100,000. The rebound followed a ceasefire announcement brokered by President Trump. Market analysts highlight strong bullish signals for Bitcoin, with some comparing current macro trends to the early 2000s, when capital shifted from a weakening dollar into emerging markets. Today, crypto is seen as the new alternative.
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