Bitcoin (BTC) held below $78,000 on Monday as U.S.-Iran deal speculation threatened a volatile open across holiday-thinned markets, The Block's price page shows.
The market tension followed $1.26 billion in net outflows from spot bitcoin exchange-traded funds the week of May 18–22 — their second consecutive billion-dollar redemption week — even as BTC briefly cleared $82,000, The Block reported.
Bitcoin had previously found its footing mid-week after Strategy disclosed a purchase of roughly 25,000 BTC for $2 billion between May 11 and May 17, stabilizing the price after an earlier geopolitically driven sell-off, Laser Digital wrote.
Expand Chart
Rotation, not exit
