Bitcoin price shows resilience above $60,000 amid renewed US-Iran hostilities
Bitcoin has avoided a deeper break, but rising oil prices are reviving rate concerns that could pressure risk assets.
US electricity demand is heading for record highs by 2027, forcing Bitcoin miners to prove their power use can support the grid.
The ETF rebound has helped stabilize sentiment, but negative on-chain demand and soft U.S. spot-market signals keep the recovery in doubt.
Bitcoin's bounce from a 21-month low rests on a single weak jobs report, and Wednesday's Fed minutes will show whether officials share the market's doubts.
U.S. spot Bitcoin ETFs took in roughly $266 million on July 6, with IBIT supplying about $209 million, making the next few sessions a test of whether ETF demand can keep supporting BTC.
Weak jobs, a softer dollar, and easing Iran-shock pressure put Bitcoin’s $60,000 reclaim on a direct path toward next week’s CPI test.
Polymarket and Kalshi traders price the American striker’s return as a narrow boost before the World Cup knockout match