Bitcoin fell $1,502 from yesterday's $63,572 to $62,070, a 2.3% drop driven by the US-Iran ceasefire collapse and the oil price surge that followed. The week still advanced 3.5% net.Mostly noise with a clear catalyst: the geopolitical shock from Iran drove today's decline across risk assets broadly, not a Bitcoin-specific structural shift. ETF flows held modestly positive and funding rates remain neutral, so near-term risk has not materially changed from yesterday.
Trump declared the US-Iran ceasefire over after airstrikes; oil moved toward $75 and Bitcoin dropped alongside equities, with crypto and stocks tumbling in tandem per CoinDesk.
Strategy sold 3,588 BTC for approximately $216 million; Lyn Alden flagged leverage risks in STRC while CF Benchmarks noted continued sales would become a concern if they stop being voluntary.
Bitcoin ETF flows are at +0.89 standard deviations above the 30-day average, above the $-194.1M daily average, consistent with the 'turning a corner' narrative from Decrypt after the $8 billion outflow period since mid-May.
Futures traders cut risk ahead of a Federal Reserve policy statement, with Cointelegraph reporting Bitcoin hovered around $62,000 as Fed-caution weighed on positioning.
Network hash rate holds at 909.7 EH/s with fees at 1 sat/vB across all tiers, indicating no mempool congestion and a network operating at full security without stress.
Market Snapshot
Market Cap
$1.24T
24h Volume
$27.41B
Dominance
55.9%
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