Bitcoin (BTC) slips below $64,000 at the time of writing on Thursday after failing to close above the 50-day Exponential Moving Average (EMA) near $65,120 the previous day. Institutional demand shows mild improvement, with spot Exchange Traded Funds (ETFs) recording a second consecutive day of inflows this week. However, rising US-Iran tensions have renewed inflation concerns, offsetting the positive impact of softer-than-expected US inflation data on the Crypto King.

Pyth Network (PYTH) recovers nearly 5% on Thursday, approaching the $0.05000 psychological mark. The Wednesday release of SK Hynix and Lumentum perpetual futures on Coinbase, powered by Pyth Network, lifts retail demand. Double-digit gains in LYTH futures Open Interest,…