U.S. spot Bitcoin ETFs recorded about $1.2 billion in net outflows over the past week, while spot Ethereum ETFs also remained under pressure with continued weekly outflows.
Bitcoin bounced from the $74,250 area and retested $77,000 after Trump said a U.S.-Iran deal was largely negotiated and the Strait of Hormuz could reopen.
Crypto markets recovered around $75 billion in total market value as oil prices and the U.S. dollar weakened on improved geopolitical sentiment.
Vitalik Buterin defended the Ethereum Foundation’s neutral role, saying it will keep focusing on censorship resistance, open-source development, research, cybersecurity and decentralization.
The SEC reportedly postponed its tokenized-stock “innovation exemption” plan after market participants raised concerns about shareholder rights and unauthorized token issuance.
Bitcoin is trading around $77,300, while Ethereum is trading around $2,105.
The Fear and Greed Index stands at 39, indicating fear in market sentiment.
