Tag: Iran

  • Bitcoin Faces Renewed ETF Withdrawals as Price Lingers Near $80,000

    Bitcoin Faces Renewed ETF Withdrawals as Price Lingers Near $80,000

    Bitcoin ETF Outflows Return

    Bitcoin faced fresh institutional selling this week as spot ETF outflows returned while BTC traded near USD 80,000. Reports cited about USD 165 million in withdrawals on September 10 and another USD 120 million on Wednesday. At the same time, Iran eased foreign exchange rules for Bitcoin and Tether use in international trade.

    ETF Outflows Test Bitcoin Recovery

    InteractiveCrypto reported that 2,148 BTC, worth about USD 165 million, left spot Bitcoin ETFs on September 10. Research firm Icrypex separately reported about USD 120 million in ETF outflows on Wednesday.

    Those withdrawals followed a stronger period for institutional demand. Bitcoin rose about 20% over the past month, while the iShares Bitcoin Trust attracted roughly USD 3.5 billion in net inflows during that period.

    The rebound came after the August 19 market washout. Michael Bucella of Neoclassic Capital said forced selling eased, then spot buying and ETF demand improved. Can renewed ETF demand push Bitcoin through the USD 83,000 to USD 86,000 supply zone?

    BTC Momentum Weakens

    Bitcoin remains below the four-hour MA-20 at USD 77,838 and the MA-50 at USD 78,929. The Ichimoku Kijun at USD 77,968 also acts as immediate resistance.

    Meanwhile, BTC remains above the daily MA-200 at USD 70,061. RSI stands at 41.43, while CCI shows modest selling pressure. MACD gives a strong sell signal, and ADX remains neutral.

    Stoch RSI and the Awesome Oscillator also remain neutral. Bull/Bear Power favors sellers, while subdued volatility supports a sideways intraday tone. The current range sits between USD 75,202 and USD 79,229.

    The supplied market assessment assigns a 72% probability to further downside and 28% to an upside break. A drop below support could deepen the retracement. A bullish shift requires stronger momentum above resistance.

    Iran Expands Crypto Trade

    Iran’s central bank relaxed foreign exchange rules on September 11. The change allows domestic businesses to use Bitcoin and Tether for international trade.

    The move expands a regulatory use case for digital assets inside Iran. The report described the immediate global market effect as limited, leaving ETF flows and price structure as stronger near-term Bitcoin drivers.

    Bitcoin still trades about 10% lower in 2026 despite its recent monthly rebound. Bucella said Bitcoin remains healthier than many other crypto assets, while altcoin leverage and open interest require more caution.

    He also noted that overall leverage and open interest resemble levels seen before the October 10, 2025 crash. That event erased USD 19 billion in crypto leverage in one day.

    Grayscale research head Zach Pandl said investors increasingly use crypto within broader portfolio allocation strategies. He linked that trend to diversification, rising bond yields, and concerns around dollar debasement.

    Conclusion

    Bitcoin’s rebound faces renewed pressure as ETF withdrawals return and short-term technical signals remain weak. Still, BTC holds above its daily MA-200 after gaining about 20% in a month. ETF demand, the USD 83,000 to USD 86,000 supply zone, and current support levels remain key market factors.

  • Bitcoin Bounces to $63,500 After Trump Halts Iran Strike Plans

    Bitcoin Bounces to $63,500 After Trump Halts Iran Strike Plans

    Bitcoin price recovered toward $63,500 on Sunday after the United States cancelled planned military strikes against Iran. The move followed a diplomatic push involving Middle Eastern governments.

    Bitcoin had fallen near $62,200 on Saturday as renewed conflict fears pressured risk assets. It then gained about $1,500 after President Donald Trump announced the pause. BTC traded around $63,450, up 0.65% over 24 hours, while the broader crypto market rose 0.50%.

    Trump Cancels Planned Iran Strikes

    Trump said the United States had prepared action but agreed to stop the planned attack. He said Iran and regional governments requested time to pursue an agreement.

    The proposed framework seeks the immediate reopening of the Strait of Hormuz. It also covers Iran’s nuclear programme and a wider halt to hostilities. Trump said the military was still “locked and loaded” while talks aimed to “rapidly make a deal”. Israel also backed the pause, according to his statement.

    However, the announcement does not confirm a completed agreement. Iran had not publicly accepted the proposed terms when reports appeared. The Strait also stayed closed, leaving shipping and energy markets exposed to further developments.

    Bitcoin still reacted within hours as traders reduced positions linked to renewed escalation. Similar de-escalation announcements have supported crypto prices during the conflict. Yet previous agreements broke down, which kept the latest recovery measured.

    Bitcoin Price Tracks Broader Market Recovery

    The Bitcoin price gain slightly exceeded the crypto market’s 0.50% advance. That close link suggests the move followed broader market direction rather than fresh Bitcoin demand. No new major negative event appeared during the rebound. Selling pressure also eased after the earlier fall. Thin weekend trading likely increased the speed of the move from $62,200.

    Meanwhile, derivatives activity cooled. Data cited by CoinMarketCap showed total crypto open interest falling 27% over 24 hours. Bitcoin liquidations also dropped 40% to about $54 million.

    Lower open interest can reduce pressure from crowded leveraged trades. It can also limit forced selling after sharp price changes. Here, reduced leverage gave Bitcoin room to recover from nearby support.

    Even so, the bounce has not erased concerns around exchange-traded fund outflows and weak institutional demand. Those issues weighed on Bitcoin before the Iran announcement. Geopolitical news provided the immediate trigger, but market flows may decide whether the gain lasts.

    BTC Faces $64,000 Resistance

    Bitcoin traded above its seven-day simple moving average near $63,352. It also held above the $63,150 Fibonacci support identified in the market brief.

    A sustained move above $64,000 would place buyers above the current trading range. Failure to hold $63,150 could expose the $62,000 area again. Sunday’s intraday range reached $63,541 and fell to $62,280.

    Additionally, traders are watching the August 14 deadline for second-quarter Form 13F filings. Managers controlling at least $100 million in eligible securities must report quarterly holdings to the Securities and Exchange Commission.

    Those filings may show changes in institutional Bitcoin ETF positions through June 30. However, the reports carry a delay and may not reflect current holdings.

    Bitcoin now sits between geopolitical relief and cautious market positioning. The next move depends on reopening Hormuz, lower military risk, and a clear break from the current range near term.

  • Bitcoin ETFs See $181M Inflow, US Freezes $130M in Iran-Linked USDT, and BitMine Earns $45.7M from ETH Staking

    Bitcoin ETFs See $181M Inflow, US Freezes $130M in Iran-Linked USDT, and BitMine Earns $45.7M from ETH Staking

    The crypto market witnessed several major developments today, including significant Bitcoin ETF inflows, a US government action against Iran-linked USDT wallets, and BitMine’s massive Ethereum staking revenue.

    Bitcoin ETFs Attract $181 Million in Net Inflows

    According to data from SoSoValue, Bitcoin spot ETFs recorded a total net inflow of $181.08 million yesterday. BlackRock’s IBIT led the charge with a daily net inflow of $138.91 million, bringing its historical cumulative net inflow to $60.24 billion. Fidelity’s FBTC followed with $21.07 million, accumulating a total net inflow of $9.93 billion. The combined net asset value of all Bitcoin spot ETFs now stands at $77.96 billion, representing a 6.02% net asset ratio, while the historical cumulative net inflow has reached $51.03 billion.

    US Freezes $130 Million in Iran-Linked USDT Wallets

    On Tuesday, Treasury Secretary Scott Bessent confirmed that the United States has frozen over $130 million worth of cryptocurrency tied to Iran. The action targeted four Tron wallets holding approximately $131 million in Tether (USDT). Blockchain investigator Specter first identified the wallets on-chain, and Bessent later confirmed their connection to the Central Bank of Iran. In a statement shared on X, Bessent reiterated the Treasury Department’s commitment to preventing Iran from using digital assets to support illicit financial activities.

    FTX Allegations Against Justin Sun

    FTX Trading Ltd. has alleged that Justin Sun moved $10 million in Bitcoin from customer accounts at the Poloniex exchange. The claim was detailed in an adversary proceeding court document published on July 14, 2026. FTX is seeking to recover these funds as part of its ongoing bankruptcy proceedings, highlighting the continued efforts to reclaim assets following the exchange’s collapse. The allegations add another layer to the complex legal landscape surrounding FTX.

    Stablecoin Treasury Platform Velocity Raises $38 Million

    Velocity, a stablecoin treasury platform, has raised $38 million in a Series A funding round co-led by Dragonfly and FirstMark. The company plans to expand its infrastructure, enabling companies and financial institutions to use digital assets for cross-border settlement and treasury operations. The new funds will also focus on expanding its banking and payments network, developing new products, and strengthening global regulatory capabilities. Founded in 2025, Velocity develops software that connects stablecoin networks with banking, custody, compliance, and settlement systems, targeting corporate finance teams, payment providers, fintech firms, and financial institutions.

    BitMine Earns $45.7 Million from ETH Staking

    BitMine Immersion Technologies generated $45.7 million from Ethereum staking and validation during the three months ended May 31. This figure represents 98% of the company’s total quarterly revenue of $46.5 million, according to its latest 10-Q filing with the SEC. A year earlier, BitMine reported total quarterly revenue of just $2.05 million, with machine leasing contributing $1.08 million and Bitcoin self-mining generating $813,000. The latest results underscore the company’s dramatic shift toward Ethereum after building one of the world’s largest corporate ETH treasuries.

    FAQs

    1. How much inflow did Bitcoin spot ETFs record?
    Bitcoin spot ETFs recorded total net inflows of $181.08 million. BlackRock’s IBIT led with $138.91 million, while Fidelity’s FBTC followed with $21.07 million.

    2. What happened to the Iran-linked USDT wallets?
    The United States froze four Tron wallets holding around $131 million in USDT. Treasury Secretary Scott Bessent confirmed the wallets were linked to the Central Bank of Iran.

    3. Why is BitMine’s ETH staking revenue important?
    BitMine generated $45.7 million from Ethereum staking and validation during the quarter, representing 98% of its total quarterly revenue, showing a major shift toward Ethereum.

    4. How much did Velocity raise in funding?
    Velocity raised $38 million in a Series A funding round co-led by Dragonfly and FirstMark to expand stablecoin treasury, payments, and settlement infrastructure.

    5. What did FTX allege against Justin Sun?
    FTX alleged that Justin Sun moved $10 million in Bitcoin from customer accounts at Poloniex, as part of FTX’s ongoing bankruptcy-related recovery efforts.