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Bitcoin Recovers to $63K but Remains Vulnerable
Bitcoin edged higher on Monday, stabilising after last week’s sharp decline. Sentiment in the crypto market remains fragile amid continued institutional selling and rising tensions in the Middle East.
Bitcoin rose 1.5% to $63,053.7 as of 06:23 GMT. The world’s largest cryptocurrency lost almost 18% last week, posting its worst weekly performance of the year.
Bitcoin Records Largest Weekly Outflow From Spot ETFs in 14 Months
Over the past four weeks, Bitcoin has faced steady and growing pressure from institutional sellers, reflected primarily in capital outflows from spot exchange-traded funds (ETFs).
US spot Bitcoin ETFs recorded $1.72 billion in outflows last week — the largest weekly outflow since April 2025. Spot ETFs posted their fourth consecutive week of outflows, with the cumulative total reaching $5.4 billion, according to aggregator SoSoValue.
Institutional selling took place against a backdrop of declining interest in cryptocurrencies, driven by risk aversion linked to the war with Iran and its impact on interest rates.
Investors also rotated into assets linked to artificial intelligence, particularly equities, favouring the sector over cryptocurrencies amid rising optimism. However, Bitcoin found some support when the AI-sector rally came to an abrupt halt on Friday and Monday.
Crypto Market Today: Altcoins Recover, but Iran–Israel Escalation Weighs on the Market
Most cryptocurrencies rose on Monday, following Bitcoin’s moderate recovery. However, stronger gains were limited by persistent risk aversion, especially amid renewed military action in the Middle East.
Iran and Israel exchanged airstrikes on Sunday evening amid growing frustration in Tehran over Israel’s continued aggression against Lebanon and Hezbollah.
Israel struck Iran despite calls for restraint from US President Donald Trump, who said a peace deal with Tehran remained possible.
However, the escalation of military action in the Middle East, including last week’s exchange of strikes between the US and Iran, has largely undermined hopes for peace. Oil prices rose sharply against this backdrop, unsettling broader markets.
Concerns also intensified that the Federal Reserve may raise interest rates or keep them elevated after Friday’s stronger-than-expected US nonfarm payrolls data. The resilience of the labour market gives the Fed more grounds to raise rates — an unfavourable scenario for non-yielding speculative assets such as cryptocurrencies.
Among altcoins, Ether, the second-largest cryptocurrency by market capitalisation, rose 3.4% to $1,666.44, recovering after a decline of almost 20%.
XRP and Solana each rose 1.3%, while Cardano and BNB added 0.4% and 1.3%, respectively.
Among meme coins, Dogecoin rose 0.8%, while $TRUMP added 2%.
See also: "We Asked the New ChatGPT: Will BTC Inevitably Lose the $60K Support?"
