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Bitcoin stabilizes above $62K as panic selling fades amid U.S.-Iran tensions and ETF inflows.

Market News
13 Jul 2026
Coindesk
View Source
Bullish
pluang ai news

Bitcoin has held steady above $62,000 despite escalating U.S.-Iran tensions and rising oil prices, signaling an end to panic selling that caused a 28% drop this year. Renewed inflows into U.S.-listed spot bitcoin ETFs and a sharp slowdown in spot market selling suggest that marginal sellers have exited the market. However, analysts caution that the recent price stability is mainly driven by speculative futures trading rather than strong spot demand, meaning prices could remain range-bound until more robust buying returns. Upcoming U.S. economic data and Federal Reserve testimony may influence bitcoin's near-term trajectory.

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