- Bitcoin rose above $64,000 after recovering more than 8% from its June low near $59,000.
- U.S. spot Bitcoin ETFs recorded $85.9 million in net inflows on Friday, their strongest daily result in about a month.
- Improving geopolitical sentiment also supported risk assets, although the outlook remains uncertain.
Bitcoin moved above $64,000 over the weekend as fresh demand from exchange-traded funds and easing geopolitical concerns improved market sentiment.
The largest cryptocurrency reached an intraday level above $64,200 on Saturday, according to a CoinDesk report. That put Bitcoin more than 8% above its June low, which was just over $59,000.
The recovery followed several difficult weeks for the crypto market. Bitcoin had been heading toward a fourth consecutive weekly loss, so holding its recent gains would break that downward streak.
ETF demand shows signs of recovery
One important factor was renewed demand for U.S. spot Bitcoin ETFs. These funds let investors gain exposure to Bitcoin through traditional stock market accounts without holding the cryptocurrency directly.
The funds recorded $85.9 million in net inflows on Friday. Net inflow means more money entered the products than left them. It was the largest daily total since May 14, suggesting that some investors were returning after a period of weaker demand.
ETF flows are closely watched because they can show how much interest is coming from institutions and other investors who prefer regulated financial products. One strong day does not establish a lasting trend, but it can help improve sentiment after sustained selling.
Global events remain important
Bitcoin also benefited from growing hopes that tensions in the Middle East could ease. Comments from Pakistan’s prime minister indicated that progress toward a peace agreement may be close, although the timing and final terms were not confirmed.
Crypto often trades like other risk assets, including technology stocks. When investors become less worried about geopolitical conflict, they may be more willing to hold assets that can experience larger price swings.
The latest move shows how Bitcoin remains influenced by both crypto-specific demand and wider global events. ETF activity, interest-rate expectations and geopolitical developments can all affect short-term trading.
Market participants will now watch whether ETF inflows continue and whether Bitcoin can maintain support above the levels recovered this week. The rebound is notable, but the market remains sensitive to changing economic and political news.
