Home›Crypto›Market Structure›Resurgent U.S.-Iran hostilities push bitcoin near $63,…

Resurgent U.S.-Iran hostilities push bitcoin near $63,000

Bitcoin stayed near $63,000 after dropping more than 1% since midnight UTC, even as spot bitcoin and ether ETFs ended eight straight weeks of outflows.

Reported · Written up by our desk · Market Structure

CoinDesk reports that renewed U.S.-Iran hostilities sparked broader risk-off sentiment, pulling bitcoin down to hover near $63,000 after it fell more than 1% since midnight UTC. The move came as markets digested the weekend airstrikes and their knock-on impact on global risk appetite.

The outlet links the pressure on crypto to a rise in energy prices, with Brent crude futures up more than 3% to near $79 a barrel. Higher oil prices raise inflation concerns and can reduce the room for easier monetary policy, a dynamic CoinDesk says has weighed on bitcoin during earlier oil shocks.

CoinDesk also notes that spot bitcoin and ether ETFs broke an eight-week streak of outflows, a sign of continued demand for the two largest cryptocurrencies despite the day-to-day risk tone. The newsletter points to ongoing progress on the Clarity Act, saying incremental regulatory movement could further support institutional participation.

Looking ahead, CoinDesk says traders will watch this week’s U.S. inflation releases for signals on Federal Reserve policy, with Tuesday’s CPI and Wednesday’s PPI in focus. The newsletter also frames the week as a “tug-of-war” between macro factors and geopolitics for crypto markets.

Latest closeWTI crude $71.51 ▼0.8%|Brent $76.00 ▼0.4%|Bitcoin $62,968.46 ▼1.2%

More like this

Sources