Bitcoin Rebounds After Weekend Drop Triggered by U.S. Strikes on Iran
The post Bitcoin Rebounds After Weekend Drop Triggered by U.S. Strikes on Iran appeared on BitcoinEthereumNews.com. BTC is hovering around $100,000, while ETH is trading at $2,250. Major digital assets posted mild gains on Monday, rebounding from weekend losses sparked by the United States’ involvement in the ongoing Middle East conflict. Bitcoin (BTC) is up 1% on the day to $100,500, up from a low of $99,000 over the weekend, but still down from a recent high of $106,000 on Friday. Meanwhile, Ethereum (ETH) increased by 2.6% to $2,236, XRP climbed by 3% and is currently changing hands at $2, and Solana (SOL) recorded an increase of 3.2% to $132. BTC Price The total cryptocurrency market capitalization remained flat in the past 24 hours at around $3.22 trillion. Leveraged liquidations amounted to $380 million in the same time frame, according to CoinGlass. ETH accounted for $139 million, while BTC trailed with nearly $98 million. Altcoins contributed to around $38 million in liquidations. U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $6.37 million in inflows on June 20. Meanwhile, spot ETH ETFs recorded $11 million in outflows, according to SoSoValue data. Tenth Week of Inflows CoinShares’ weekly Fund Flows report found that digital asset investment products recorded a tenth consecutive week of inflows, totaling $1.24 billion and bringing year-to-date inflows to $15.1 billion. BTC and ETH recorded inflows of $1.1 billion and $124 million, respectively. The U.S. led regional inflows with $1.25 billion, while Hong Kong and Switzerland recorded outflows of $32.6 million and $7.7 million, respectively. “However, the surge in activity earlier in the week tapered off in the latter half, likely due to the US Juneteenth holiday and emerging reports of US involvement in the Iran conflict,” the report reads. Heightened Volatility Experts say the market volatility reflects investor caution amid heightened tensions between Iran and Israel, following U.S. airstrikes on three Iranian nuclear sites over…
The post Bitcoin Rebounds After Weekend Drop Triggered by U.S. Strikes on Iran appeared on BitcoinEthereumNews.com.
BTC is hovering around $100,000, while ETH is trading at $2,250. Major digital assets posted mild gains on Monday, rebounding from weekend losses sparked by the United States’ involvement in the ongoing Middle East conflict. Bitcoin (BTC) is up 1% on the day to $100,500, up from a low of $99,000 over the weekend, but still down from a recent high of $106,000 on Friday. Meanwhile, Ethereum (ETH) increased by 2.6% to $2,236, XRP climbed by 3% and is currently changing hands at $2, and Solana (SOL) recorded an increase of 3.2% to $132. BTC Price The total cryptocurrency market capitalization remained flat in the past 24 hours at around $3.22 trillion. Leveraged liquidations amounted to $380 million in the same time frame, according to CoinGlass. ETH accounted for $139 million, while BTC trailed with nearly $98 million. Altcoins contributed to around $38 million in liquidations. U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $6.37 million in inflows on June 20. Meanwhile, spot ETH ETFs recorded $11 million in outflows, according to SoSoValue data. Tenth Week of Inflows CoinShares’ weekly Fund Flows report found that digital asset investment products recorded a tenth consecutive week of inflows, totaling $1.24 billion and bringing year-to-date inflows to $15.1 billion. BTC and ETH recorded inflows of $1.1 billion and $124 million, respectively. The U.S. led regional inflows with $1.25 billion, while Hong Kong and Switzerland recorded outflows of $32.6 million and $7.7 million, respectively. “However, the surge in activity earlier in the week tapered off in the latter half, likely due to the US Juneteenth holiday and emerging reports of US involvement in the Iran conflict,” the report reads. Heightened Volatility Experts say the market volatility reflects investor caution amid heightened tensions between Iran and Israel, following U.S. airstrikes on three Iranian nuclear sites over…
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