Despite recent geopolitical tensions between Israel and Iran, Bitcoin shows resilience with significant inflows into exchange-traded funds.
Bitcoin ETF Inflows
According to data from Farside Investors, Bitcoin ETFs recorded five consecutive days of inflows, starting from Monday, June 9, with inflows of over $386 million, and continuing through Friday with an additional $301 million. In total, more than $1.3 billion has entered Bitcoin ETFs over the past five days.
Bitcoin Price Amid Geopolitical Events
Bitcoin's price demonstrated resilience in the aftermath of Israeli airstrikes on Iran, dropping approximately 3%. Analyst Nic Puckrin stated, "What matters most for Bitcoin in the long run is the US dollar index (DXY), and the DXY has just broken below 100, its lowest level in over three years."
Future Prospects for Bitcoin
Despite ongoing geopolitical tensions, Bitcoin is trading around $105,000, less than 6% away from its all-time high of $112,000 recorded on May 22. Analysts highlight that this price resilience could indicate a potential price rally for Bitcoin in the coming weeks and months.
As global economic uncertainty and geopolitical tensions continue, Bitcoin remains on investors' radars, potentially driving its popularity and price growth.
