US Bitcoin ETFs See Significant Inflows as Macro Forces Shape Market Direction

Bitcoin and Ethereum exchange-traded funds (ETFs) in the US continued their upward trend on Monday, as investors showed renewed interest in the crypto markets. The inflows into these funds totaled $532 million, with BlackRock and Fidelity leading the charge.

The recent agreement between the US and Iran has contributed to a stabilization of risk sentiment, which in turn has lifted the broader market. Bitcoin's price surpassed the $80,000 mark for the first time in over three months, trading at around $81,029 after a short-side liquidity squeeze.

Analysts at Bitunix attribute this move to a post-ceasefire recovery in risk appetite. However, they also note that macro and geopolitical developments are increasingly influencing Bitcoin's market direction, including the US military's launch of Operation Freedom and upcoming economic data releases.