Bitcoin holds above $70K as ETFs draw $763M

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Bitcoin holds above $70K as ETFs draw $763M
Bitcoin holds above $70K as ETFs draw $763M
Bloomberg
Written by Bloomberg
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Bitcoin held above the $70,000 level on Saturday despite short-term volatility as the United States continued military strikes against Iran.

The cryptocurrency maintained relative stability even as geopolitical tensions increased, highlighting continued investor demand for digital assets.

US spot Bitcoin exchange-traded funds recorded more than $763 million in net inflows during the week, according to data from Farside Investors.

The inflows represent the largest weekly investment into Bitcoin ETFs since January, suggesting institutional demand remains strong despite market uncertainty.

Bitcoin briefly dipped during the past 24 hours but recovered to remain above the key psychological price level.

Analysts said continued ETF inflows have helped offset risk-off sentiment caused by geopolitical developments.

Sustained institutional investment through regulated ETF products has become one of the key drivers supporting Bitcoin’s price during periods of macroeconomic volatility.

At the time of reporting, Bitcoin price was $72,613.82.

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