Bitcoin Price Rises Above $65,000 as ETF Outflows Slow, Iran Deal and Fed Pull in Opposite Directions

Bitcoin price climbed above $65,000 as easing ETF outflows and a U.S.-Iran peace deal provided support, despite some instability. Meanwhile, a hawkish Fed under Chair Kevin Warsh and rising rate-hike expectations continued to pressure risk assets. Even with $227M in ETF outflows, macro uncertainty, and STRC finding a new low, these factors were insufficient to keep Bitcoin down over the past week, allowing the cryptocurrency to maintain its upward trajectory toward the $65,000 mark.