Bitcoin rose 1.5% to $63,053.7 as of 09:23 Moscow time. The world’s largest cryptocurrency lost almost 18% over the past week, showing the worst weekly result this year, investing.com wrote.
Bitcoin recorded the largest weekly outflow from spot ETFs in 14 months
Bitcoin has been under sustained and increasing pressure from institutional sellers over the past four weeks, primarily reflected in outflows from spot exchange traded funds (ETFs).
U.S. bitcoin spot ETFs recorded outflows of $1.72 billion last week, the largest weekly outflow since April 2025. Spot ETFs posted their fourth consecutive week of outflows, totaling $5.4 billion, according to data from aggregator SoSoValue.
Institutional selling took place amid declining interest in cryptocurrencies, driven by risk aversion due to the war with Iran and its impact on interest rates.
Investors also switched to artificial intelligence-related assets, particularly equities, favoring this sector over cryptocurrencies on a wave of growing optimism. However, bitcoin received some support when the rally in the AI sector came to an abrupt halt on Friday and Monday.
Crypto market today: altcoins recover, but escalating Iran-Israel conflict pressures the market
Most cryptocurrencies rose on Monday, following bitcoin’s moderate recovery. However, continued risk aversion, especially amid renewed hostilities in the Middle East, is preventing more substantial growth.
Iran and Israel exchanged airstrikes on Sunday night amid Tehran’s growing irritation over Israel’s continued aggression against Lebanon and Hezbollah.
Israel’s strikes on Iran came despite US President Donald Trump’s calls for restraint as he said a peace deal with Tehran was still possible.
However, escalating hostilities in the Middle East, including last week’s exchange of strikes between the US and Iran, have largely dented hopes for peace. Against this backdrop, oil prices rose sharply, spooking broad markets.
Fears that the Federal Reserve may raise or keep interest rates high also intensified – following the release of stronger-than-expected U.S. nonfarm payrolls data on Friday. A resilient labor market gives the Fed more reason to raise rates – a scenario unfavorable to non-income-generating speculative assets such as cryptocurrencies.
Among altcoins, Ether, the second-largest by capitalization, rose 3.4 percent to $1,666.44, recovering from a nearly 20 percent drop.
XRP and Solana rose 1.3% each, while Cardano and BNB added 0.4% and 1.3%, respectively.
Among meme coins, Dogecoin rose 0.8% and $TRUMP added 2%.
