Bitcoin Week in Review: A 21% Surge, a Record Short Squeeze, and $2.6 Billion Into ETFs
Bitcoin rose 21.81% to $77,502.33 as Treasury buybacks and a $3 billion short squeeze drove the rally, with BlackRock's IBIT alone taking in $1.17 billion.
Bitcoin rose 21.81% to $77,502.33 as Treasury buybacks and a $3 billion short squeeze drove the rally, with BlackRock's IBIT alone taking in $1.17 billion.
Bitcoin fell 3.99% to $62,614 as the Fed's most divided hold in years met a $90 million Coldcard wallet exploit; ETF flows netted slightly negative.
Bitcoin closed nearly flat near $62,900 as renewed US-Iran strikes, a record Strategy sale, and the end of an eight-week ETF outflow streak collided.
Bitcoin rose about 3.2% to near $61,800 as a weak US jobs report cooled Fed rate-hike bets, closing its worst month in four years with a tentative rebound.
Bitcoin fell to a 21-month low near $58,000 after a hot inflation print, closing Q2 just under $60,000 as ETFs tracked their worst month on record.
Bitcoin retested $60,740 before recovering above $65,800, up about 4.5% on the week, as a US-Iran ceasefire snapped a five-day spot ETF outflow streak.