Bitcoin Hovers Near $61,800 Amidst Market Uncertainty

Bitcoin's price held steady around $61,800 to $64,000 last week as investors digested the US Federal Reserve's June meeting minutes. The minutes revealed a divided view on interest rates, which added uncertainty to the market. Meanwhile, renewed tensions between the US and Iran pushed oil prices higher, further contributing to market jitters.

Despite these factors, Bitcoin ETF inflows briefly returned, suggesting that some investors were buying up the cryptocurrency near $60,000. However, heavy leverage and cautious sentiment limited gains, keeping Bitcoin's price relatively stable. This stability is also attributed to large sales of Bitcoin by Strategy to fund dividends, which did not have a significant impact on prices.

Market analysts are still unsure whether Bitcoin is forming a stable base or just responding to short-term factors. The upcoming ETF flows and geopolitical risks will be closely watched in the coming days. One key question remains: can Bitcoin maintain its current price stability in the face of ongoing market uncertainty?