Bitcoin Price Bounces on Regulatory Hopes Amid US-Iran Tensions

The escalating tensions between the US and Iran have heightened uncertainty in risk assets, causing Bitcoin's price to climb 1.02% to $64,086 on Saturday trading.

The wider crypto market remained broadly flat, but the sector as a whole gained 0.95% to reach $2.19 trillion by July 18, supported by improving regulatory expectations.

The spot Bitcoin ETFs attracted significant inflows, with $132 million in net inflows on July 17, largely driven by BlackRock's IBIT which added $136 million.

The proposed CLARITY Act aims to enhance customer asset protection in cryptocurrency bankruptcies and is expected to be revised next week. Regulatory developments may provide Bitcoin with a separate source of support during the geopolitical turmoil.