- Can Bitcoin recover without institutional demand?


Bitcoin's price rose slightly above $64,000.
U.S.-Iran talks are making progress, boosting morale and easing inflation fears.
Gains are limited due to the hawkish Federal Reserve meeting held last week.
Outflows from Bitcoin exchange-traded funds reached a record $6.35 billion over 30 days.
Technical analysis of Bitcoin.

Bitcoin's price slightly increased on Monday after a quiet weekend, continuing to trade within a narrow range, as investors analyze developments in U.S.-Iran negotiations and assess the outlook for U.S. monetary policy following the Fed's shift toward a more hawkish stance last week. Meanwhile, institutional demand for Bitcoin remains weak.

Recent reports indicate progress between the United States and Iran following an initial round of talks on Sunday. Qatar and Pakistan, mediating the negotiations, expressed optimism, confirming both sides' commitment to technical discussions this week on a proposed framework agreement with 14 points.

Meanwhile, ships continue to pass through the Strait of Hormuz, albeit at a slower pace compared to pre-conflict levels. However, this helps ease concerns about oil supplies, with Brent crude staying below $80 per barrel. As a result, inflation fears are diminishing, supporting high-risk assets.
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