Bitcoin slipped below $80,000 as profit-taking and uncertainty surrounding the U.S.-Iran tensions weighed on the market. Despite this, weekly spot Bitcoin ETF inflows surpassed $1 billion.
Bitcoin exchange reserves dropped to their lowest level in the past two years after nearly 100,000 BTC, worth more than $8 billion, were withdrawn from major exchanges.
The U.S. Treasury Department was reportedly pressuring Binance to comply with its 2023 monitoring agreement following reports of transactions linked to Iran.
A Coinbase executive stated that the CLARITY crypto market structure bill could reach a Senate markup as early as next week.
JPMorgan and Mastercard successfully completed a cross-border tokenized U.S. Treasury transfer using Ripple’s XRP Ledger and JPMorgan’s Kinexys infrastructure.
At the time of writing, Bitcoin is trading at around $79,900, while Ethereum is trading near $2,290.
Meanwhile, the Crypto Fear and Greed Index stands at 47, signaling a neutral market sentiment.
