Bitcoin ETF · Bitcoin · Iran · Standard Chartered · SpaceX · CoinDesk
Bitcoin rises above $64,000 after Pakistan prime minister confirms Iran peace agreement is near
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Bitcoin climbed above $64,000 on Saturday, reaching an intraday high of more than $64,200.
Key facts
- Bitcoin climbed above $64,000 on Saturday, reaching an intraday high of more than $64,200
- Meanwhile, Friday recorded the largest daily inflow into U.S. spot Bitcoin ETFs since May, with net inflows totaling $85.9 million
- On Friday, a Standard Chartered analyst said that ETF holders have anecdotally been liquidating their positions to free up cash to participate in the SpaceX initial public offering
- Sentiment has also been supported by further positive developments on the geopolitical front in the Middle East
Summary
Bitcoin climbed above $64,000 on Saturday, gaining more than 8% from its June low near $59,000 and putting it on track to end a four-week losing streak. U.S. spot bitcoin ETFs recorded $85.9 million in net inflows on Friday, the largest daily inflow since May 14. Pakistan's Prime Minister said a peace agreement is closer than ever, with finalization expected within 24 hours and technical talks scheduled for next week, boosting hopes of reduced regional tensions. Sentiment has also been supported by further positive developments on the geopolitical front in the Middle East.