Bitcoin Tops $71,000 on War-Easing Hopes with $568M ETF Inflows
Bitcoin climbed above $71,000 after a 1% gain following remarks that the US-Iran conflict could end soon, while oil prices fell. Spot ETF net inflows reached $568 million last week, marking a second straight weekly increase and bolstering the token’s price momentum.
1. Geopolitical Signals Spur Rally
President Trump signaled the US-Israel conflict with Iran could end very soon, triggering a 1% rise in Bitcoin as oil prices slipped, reducing inflation concerns and driving risk appetite across markets.
2. Bitcoin Advances Above $71,000
The token climbed past $71,000, extending gains from the prior session and nearing its recent high of $74,000 seen last week, reflecting ongoing resilience since the war’s outbreak.
3. Strong ETF Inflows Support Upside
Spot ETFs recorded $568 million in net inflows last week, marking a second consecutive positive week and underscoring growing institutional demand that has bolstered price momentum.
4. Outlook Hinges on Technical Levels
Market observers note that holding above the $75,000–$76,000 range could pave the way to $80,000, while a break below $60,000 might expose downside toward $55,000 amid shifting liquidity conditions.