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Zoye

06/15 09:37

Bitcoin was nearing all-time highs Bitcoin’s pric

Bitcoin was nearing all-time highs

Bitcoin’s price decline came as it was edging closer to retesting its May 22 all-time high of $111,970. At the time of publication, Bitcoin is trading at $105,670, according to CoinMarketCap.01977196-adaa-7020-8815-6dd16ca9150e.webp

Ether 
ETH
$2,511
, meanwhile, dropped 10.79% over the same period to a low of $2,454 before recovering to $2,534 at the time of publication.Crypto market participants pointed out Bitcoin’s relative strength given the circumstances. Crypto analyst Za said in a Saturday X post, “Bitcoin does not seem concerned about the Israel and Iran conflict (yet).”

“There is no better indicator than Bitcoin, which makes this notable, in my opinion,” Za said.

Crypto entrepreneur Anthony Pompliano said in a post on the same day, “Bitcoin is relentless.”

Traders appear to be holding confidence that it will remain above the psychological $100,000 price level, which it reclaimed on May 8 for the first time in three months. A drop below this price level could put over $1.74 billion in long positions at risk of liquidation, according to data from CoinGlass.01977198-3064-7b1a-8f7b-03f26d6c425a.webp

Meanwhile, spot Bitcoin exchange-traded funds (ETF) posted a straight week of inflows for the trading week ending Friday, accumulating $1.37 billion in inflows over the five days, according to Farside data.

However, spot Ether ETFs ended its 19-day inflow streak on Friday, with net outflows of $2.1 million.

#Post To Earn Bonus# Israel’s attack on Iran.#Share Your Thoughts on Popular Assets in June
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