Bitcoin slipped to around $63,900 on Monday before recovering to $65,000 and holding above that level, as markets reacted to fresh reports of a possible pause in the U.S.-Iran conflict.
Reuters reported that Iranian mediators have proposed a 10-day ceasefire to allow talks aimed at reviving the previous interim agreement between the U.S. and Iran. The report pushed WTI crude oil down to around $80 a barrel and helped Bitcoin climb to $65,000.
Bitcoin remains up over 3% over the past week despite the uncertainty. The broader crypto market held strong, with Solana and Ether down less than 0.5% over 24 hours. Hyperliquid’s $HYPE remained one of the weakest major tokens, falling 5% over the week to around $62.
Solana Recovers From $74.25 Low
Solana has also staged a gradual recovery after falling as low as $74.25 last week.
$SOL began climbing steadily on Friday, July 17, and sharply spiked past $77 on Monday, although it remains sensitive to broader risk sentiment and geopolitical developments.
Bitcoin ETF Inflows Turn Positive for 2 Straight Weeks
U.S.-listed spot Bitcoin ETFs recorded $75.7 million in net inflows last week, according to SoSoValue, marking their second consecutive week of positive flows.
The funds attracted $197.4 million the previous week, bringing July’s net inflows to $200.2 million. However, the recovery remains modest compared with the $4.5 billion in net outflows recorded in June. Total ETF flows for 2026 remain negative at $5.2 billion.
Bloomberg ETF analyst Eric Balchunas compared Bitcoin ETFs with the historical trajectory of gold ETFs, arguing that both products may experience rapid adoption followed by periods of weaker performance.
He suggested Bitcoin ETFs could go through cycles of strong gains, painful drawdowns and recoveries that potentially establish higher highs over time.
Strategy Adds $225M to Cash Instead of Buying Bitcoin
Michael Saylor’s Strategy sold $263.5 million in common stock last week and directed $225 million toward its cash reserves, according to a Monday filing.
The move increased Strategy’s cash reserve to $3.225 billion, enough to cover roughly 22 months of dividend payments on its high-yielding $STRC preferred stock.
Strategy continues to hold 843,775 BTC. However, the company has now gone 2 consecutive weeks without buying Bitcoin, instead directing capital raised from stock sales toward strengthening its cash position.
$PUMP Hits 2-Month High After Ansem Reveals Position
Pump.fun’s $PUMP emerged as a notable exception to the weaker altcoin market, surging more than 17% to become the top-performing cryptocurrency among the top 100 top cryptocurrencies.
The token reached an intraday high of $0.00207, its strongest level since May 12, and is currently trading close to that level.
$PUMP had 82.5 billion tokens unlocked on July 12 as a result of the expiration of a vesting cliff for the allocation to team members and investors. Surprisingly, the price action has held strong and is now over 40% up since the unlock. The recent rally began Sunday when $PUMP jumped from roughly $0.0016 to $0.0019 after crypto trader Ansem disclosed a new $PUMP position and outlined a bullish view on the memecoin launchpad.
Crypto Fear and Greed Index Remains in “Fear”
Despite Bitcoin’s recovery above $65,000, broader crypto market sentiment remains cautious. CoinMarketCap’s Crypto Fear and Greed Index currently sits at 35, firmly in “Fear” territory. However, sentiment has improved from a reading of 28 last week and 22 last month, while remaining unchanged from yesterday’s reading of 35.
The gradual improvement coincides with Bitcoin’s rebound and the return of positive spot Bitcoin ETF flows. However, persistent geopolitical uncertainty, elevated oil prices and pressure across global equities continue to weigh on risk appetite.
The index suggests traders remain hesitant to fully embrace the recovery, making Bitcoin’s ability to hold and decisively break above $65,000 particularly important for near-term sentiment.
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