Bitcoin Price Rises Above $65,000 as ETF Outflows Slow, Iran Deal and Fed Pull in Opposite Directions

Bitcoin price rose above $65,000 as ETF outflows slowed, driven by a U.S.-Iran peace deal and a hawkish stance from the new Federal Reserve Chair Kevin Warsh. The peace deal reopened the Strait of Hormuz, while ETFs recorded $226.8 million in outflows for the week ending June 18, marking the sixth consecutive week of net outflows. Corporate buyer Strategy acquired 520 bitcoin at an average price of $67,068.