Bitcoin Price Volatility Rises Amid Middle East Tensions

Bitcoin prices have been volatile in recent days, influenced by rising tensions between the United States and Iran. The cryptocurrency fell to approximately $68,800 on July 7, erasing most of its previous day's gains.

The decline came as global equities also came under pressure, with S&P 500 futures down about 0.4%. The market remains in a wait-and-see phase, with no clear direction. Analysts note that bearish sentiment is currently holding in the short term, limiting aggressive positioning.

Despite this, institutional flows remain relatively firm. U.S. spot Bitcoin exchange-traded funds posted approximately $470 million in net inflows the previous day, extending a recent streak of inflows.