Bitcoin consolidates near $62K as US-Iran tensions and inflation fears keep investors cautious

Bitcoin is consolidating near $62,000, down 0.51% in 24 hours, while Ethereum traded flat around $1,779 as US-Iran tensions and inflation fears kept investors cautious. Global crypto market capitalisation edged down 2.57% to $3.07 trillion, with US spot Bitcoin ETFs swinging from a $197.4 million net inflow during July 6-10 to a $239.2 million outflow on July 13. Market participants are closely watching upcoming US CPI data, Fed commentary and oil prices for directional cues, with resistance seen around the $68,000 level for Bitcoin.