Analysis: Bitcoin and Ethereum ETF outflows ended after eight weeks, and amid geopolitical risks the crypto market shows renewed demand.

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Deep Tide TechFlow: On July 13, according to CoinDesk, amid the weekend’s mutual airstrikes between the United States and Iran, risk-averse sentiment in the market intensified. Since 00:00 UTC on July 13, Bitcoin has fallen by more than 1%, and has been hovering around $63,000. At the same time, Brent crude oil rose by more than 3% at one point, as the market worries about risks to shipping through the Strait of Hormuz and the potential inflationary pressure it could bring.

Despite short-term pressure from geopolitical factors, the crypto market has continued to be supported by some positive signals. Spot Bitcoin and Ethereum ETFs ended eight consecutive weeks of fund outflows, indicating that demand has improved.

In addition, upcoming U.S. CPI and PPI data, as well as the progress of the Clarity Act, will continue to affect the market’s assessment of the interest-rate path and the regulatory environment.

BTC-2.65%
ETH-1.11%
BZ6.65%
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