Bitcoin traded near $65,350 during early Asian trading on Monday, gaining about 1.4% as a pause in U.S.-Iran tensions helped lift risk assets. The move comes after U.S. spot Bitcoin ETFs saw $465 million in outflows across July 23 and 24, though a $221.7 million inflow on a recent day ended a 10-day, $2.73 billion outflow streak. Year to date, those ETFs show roughly $5.4 billion in net outflows.
Bitcoin holds support after July lows
Bitcoin is holding support between $64,000 and $65,000 after rebounding from July's low near $58,000. Immediate resistance sits around $66,000 to $67,000. If ETF demand strengthens and macro conditions improve, Bitcoin could target $68,000 to $70,000. But another wave of ETF outflows above $200 million per day combined with a hawkish Fed surprise could push Bitcoin back toward $58,000.
Bitcoin Hyper presale crosses $32.9M
Bitcoin Hyper ($HYPER), a Bitcoin Layer 2 project integrating the Solana Virtual Machine (SVM), has raised $32.9 million in its presale. The current price is $0.0136837, and staking is available. The project targets programmability and speed on Bitcoin's base layer.
Clarity Act and macro backdrop
The Clarity Act is mentioned as framing regulatory boundaries for Bitcoin infrastructure. Geopolitical developments, including a pause in U.S.-Iran tensions, helped lift Bitcoin alongside other risk assets this week.
What’s next for Bitcoin
If ETF demand strengthens and macro conditions improve, Bitcoin could target $68,000 to $70,000. But another wave of ETF outflows above $200 million per day combined with a hawkish Fed surprise could push Bitcoin back toward $58,000. The next few days will show whether the recent inflow was a blip or the start of a trend.
