Bitcoin

While wildfires and extreme heat can strain energy grids and potentially affect mining operations in Europe, the impact is negligible compared to macro drivers like Fed policy and BTC ETF flows. The market is currently driven by a bullish macro sentiment (Fear & Greed at 73) and strong 7-day momentum (+22.1% BTC), making this news noise.

EU crews and a Russian aircraft are assisting Serbia in battling major wildfires fueled by extreme heat across the Balkans.