Bitcoin holds above $75,000 near $76,300 as Hormuz tensions rattle risk assets; ETF inflows underpin crypto
Bitcoin is holding above $75,000 and was trading around $76,300, with broader risk markets unsettled by renewed tensions around the Strait of Hormuz. Even so, demand via exchange-traded funds continues to lend support to crypto.
Spot Bitcoin ETFs recorded nearly $1 billion of net inflows last week. Global crypto funds also attracted more than $1.4 billion, extending the market's positive streak to three consecutive weeks.
Analysts say sustained ETF buying is helping cushion the crypto complex as traders monitor Hormuz developments and wider war-risk headlines. More on @TheBlockCo.