$BTC
Bitcoin holding firm at around $105,000 despite recent geopolitical and economic shocks suggests a sign of strength and investor confidence.
Bitcoin
$105,492
exchange-traded funds (ETFs) recorded five days of consecutive inflows, despite the recent geopolitical turmoil caused by the Israel-Iran conflict.
According to data from Farside Investors, the streak began on June 9, with inflows of over $386 million and continued through Friday, with an additional $301 million in inflows. In total, over $1.3 billion in capital moved into Bitcoin ETFs over the past five days.
Bitcoin holds steady despite recent geopolitical shock
“It is encouraging to see that after briefly dipping below $103,000, as $422 million in Bitcoin longs got liquidated, BTC has recovered to trade around $105,000,” Puckrin said on Friday.
Bitcoin is only trading less than 6% away from its all-time high of $112,000 recorded on May 22, despite the ongoing geopolitical tensions.
