Key Takeaways
- Bitcoin declined 0.9% to approximately $64,139 on Monday amid escalating U.S.-Iran conflict and Federal Reserve rate uncertainty
- BTC currently trades about 50% below its record peak above $126,000 reached in October 2025
- Bitcoin spot ETFs in the U.S. recorded $273 million in inflows across two weeks, though this barely dents the $8 billion exodus seen during the previous eight-week period
- Ethereum spot ETFs surpassed Bitcoin ETFs last week with $105 million in net inflows compared to Bitcoin’s $75.67 million
- Crypto analyst Daan Crypto observes BTC remains “caught in a $60K choppy price range” pending a reclaim of the weekly 200 EMA
Bitcoin experienced a 0.9% decline to $64,139 during Monday’s trading session as geopolitical turbulence and monetary policy uncertainty created headwinds for risk assets. This pullback extends the sideways consolidation that has characterized BTC’s price action throughout much of 2026.
The primary catalyst behind Monday’s weakness stemmed from escalating hostilities between the United States and Iran. Weekend military exchanges between the two nations intensified, with reports indicating the U.S. expanded its military operations following the deaths of at least three American military personnel. Tehran retaliated by launching additional strikes targeting Gulf nations and U.S. military installations throughout the region.
These escalating tensions sent crude oil prices sharply higher, partially due to disruptions affecting maritime traffic through the strategically vital Strait of Hormuz. Rising petroleum costs fuel inflationary pressures, particularly in the energy sector, which could compel the Federal Reserve to adopt a more hawkish monetary stance.
Market participants anticipate the Fed will maintain current interest rates at its upcoming July policy meeting. Nevertheless, multiple Federal Reserve officials have recently signaled that additional rate increases might be necessary to combat persistent inflation. Elevated interest rates typically pressure non-yielding assets like Bitcoin.
Spot ETF Capital Flows Show Signs of Stabilization
U.S.-listed Bitcoin spot exchange-traded funds attracted $75.67 million in net capital during the week concluding June 17. This followed the prior week’s $197.40 million intake, yielding a combined two-week total of $273 million.
This reversal broke an extended eight-week pattern of capital withdrawals exceeding $8 billion. Ecoinometrics newsletter characterized this transition as evidence of “healthier balance” in ETF dynamics, suggesting the movement represents more than a fleeting rebound.
Nevertheless, the cumulative $273 million inflow over two weeks barely exceeds the smallest single-week outflow recorded during the downturn, which stood at $226.84 million.
Cryptocurrency research platform BRN advised market observers to monitor for sustained positive flows spanning multiple weeks before determining whether institutional investors have genuinely returned to the market.
Technical Analysis Points to Range-Bound Trading
Cryptocurrency analyst Daan Crypto (@DaanCrypto) highlighted on X that Bitcoin is completing another weekly candle above the Weekly 200 MA. He emphasized that a decisive upward movement would be required to recover the Weekly 200 EMA before the technical picture improves meaningfully. In the interim, he characterized BTC as “just caught in this $60K choppy price range.”
Bitcoin’s valuation has consolidated within the $64,000 to $65,000 corridor over recent sessions, trading approximately 50% beneath its all-time peak exceeding $126,000 established in October 2025.
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