LowNeutral
Announced Thu, 23 Jul · 13:08 IST

Bitcoin trades near $65,700 as AI-led inflation concerns cap gains despite strong ETF demand

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Bitcoin trades near $65,700, down about 1% over 24 hours, as AI-led inflation concerns and geopolitical risks cap gains despite a sixth consecutive day of US spot Bitcoin ETF net inflows adding $203 million, taking the weekly total to nearly $930 million. Ethereum holds around $1,924 with altcoins showing mixed moves; analysts flag key resistance near $70,000 and immediate support around $64,150-$64,950, with options traders positioning $2.5 billion for a move to $72,000 by end-July around the Fed meeting.