Bitcoin Price Steadies Amid US-Iran Talks and Institutional Demand

Bitcoin's price has stabilized around $68,000 after a 6.2% relief rally on Wednesday, driven by institutional demand and supported by the second consecutive day of inflows in US-listed spot ETFs.

The total net inflow into Bitcoin spot ETFs reached $764 million over the past two days, according to SoSoValue data. This increased institutional interest has contributed to the cryptocurrency's recovery momentum.

Market participants are now awaiting the outcome of the US-Iran third round of nuclear talks, which could trigger volatility in Bitcoin. A potential diplomatic breakthrough could ease tensions and support a rebound in risk assets, while a lack of progress may lead to renewed geopolitical risks and decreased investor confidence.