In brief
- Last week’s drop in Bitcoin’s price coincides with crypto ETF outflows spiking to $177 million.
- Bitcoin is up 7% since February 28, when the war began, outperforming the S&P 500 (-4.6%) and gold (-17%).
- Experts eye $80,000 as “key inflection point” for altcoin rotation; Trump announces potential Iran ceasefire.
Bitcoin’s drop from its peak above $75,000 last week has solidified its month-long sideways price action. While the leading cryptocurrency remains sensitive to immediate geopolitical headlines, broader market sentiment was tempered by last week’s $177 million outflows from exchange-traded funds across the crypto sector.
The weekly pullback, which saw Bitcoin dip to a low of $68,500, according to CoinGecko data,…
