Bitcoin Turns Slightly Lower Amid Inflation Concerns, Iran War — Market Talk
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Bitcoin turns slightly lower in the wake of Tuesday's higher-than-expected U.S. wholesale inflation data and the ongoing stalemate between the U.S. and Iran. However, falls are limited as bitcoin is supported by institutional demand, Block Scholes crypto analysts say in a note. Spot bitcoin exchange-traded funds are seeing just over $1 billion in net flows in the month to date, showing investor appetite remains strong in the face of macroeconomic headwinds, they say. Meanwhile, there is no obvious event risk priced in by bitcoin or altcoin options ahead of the Senate Banking Committee on Thursday considering legislation that aims to establish a regulatory framework for digital assets, they say. Bitcoin falls 0.2% to $79,543, LSEG data show. (renae.dyer@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260514005226:0/
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