Key Takeaways
- BTC remained relatively stable around $63,800, declining only 0.3% in 24 hours amid renewed U.S. military action against Iran
- Washington conducted its third wave of strikes on Iranian territory this week; Iran responded by closing the Strait of Hormuz indefinitely
- Spot Bitcoin ETFs recorded $197.4 million in net inflows last week, breaking a two-month outflow trend
- Ethereum ETFs similarly reversed course, attracting $84.4 million in fresh capital
- Technical analyst Michaël van de Poppe identifies $65,000 as critical resistance, with targets reaching $73,000–$83,000 upon breakthrough
Bitcoin continues to demonstrate remarkable stability near the $63,800 mark as geopolitical uncertainty intensifies across the Middle East. The United States executed its third series of military strikes against Iranian targets this week, prompting Tehran to announce the indefinite closure of the strategically vital Strait of Hormuz.
Despite mounting tensions, BTC experienced only a marginal 0.3% decline over the preceding 24-hour period. Weekly performance showed a 2% gain overall.
According to U.S. Central Command, President Trump authorized the military operations following an Iranian attack on a Cyprus-registered container vessel. Reports confirmed explosions across Iran’s southern coastal regions, affecting critical energy infrastructure at Bushehr and Asalouyeh, as well as major port facilities in Bandar Abbas and Bandar-e Dayyer.
Shipping data indicated limited vessel activity near the Strait of Hormuz on Sunday morning, with traffic volumes significantly below typical levels.
Ethereum maintained a similar pattern of stability, trading around the $1,800 level with a 2% weekly advance. Among major cryptocurrencies, Solana underperformed with a 5% seven-day decline to $76. XRP retreated to $1.09 while Dogecoin settled near $0.07.
Notably, when Iran initially closed the Strait in early March, Brent crude surged beyond $100 per barrel and Bitcoin experienced substantial selling pressure. The current market response has been considerably more subdued. With traditional oil, equity, and bond markets closed for the weekend, Bitcoin remains the sole major asset class actively pricing in these developments.
Bitcoin ETF Market Registers First Weekly Gains After Two-Month Drought
U.S.-based spot Bitcoin exchange-traded funds attracted approximately $197.4 million in net capital last week — marking their first positive weekly performance since early May. This development terminated an unprecedented eight-consecutive-week outflow period, the longest such streak since these investment vehicles debuted in January 2024.
The extended losing period had extracted roughly $8.26 billion from Bitcoin ETF products. Last week’s inflows represent a recovery of merely 2.4% of those losses.
BlackRock’s iShares Bitcoin Trust (IBIT) dominated inflows, securing $86.83 million on Friday independently. The majority of competing funds reported neutral net flows during that trading session.
Ethereum-focused spot ETFs similarly concluded their own eight-week decline, accumulating $84.4 million throughout the week. BlackRock’s ETHA and Fidelity’s FETH products accounted for the bulk of Friday’s $18.43 million session intake.
Technical Analyst Identifies $65,000 as Critical Resistance Threshold
Cryptocurrency market analyst Michaël van de Poppe highlighted a bullish divergence pattern forming on Bitcoin charts as among the most compelling indicators suggesting an imminent market reversal. He emphasized that a decisive break above $65,000 would validate this technical setup, transforming that resistance zone into a support foundation. Van de Poppe established an initial price objective at $73,000 and indicated his personal expectation for Bitcoin to advance toward $83,000 or beyond during the upcoming period.
Bitcoin ETF total net assets reached $77.42 billion as of Friday’s close. Both Bitcoin and Ethereum ETF categories continue registering negative year-to-date performance for 2026, with Bitcoin ETFs recording approximately $5.34 billion in cumulative net outflows since January.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
