Bitcoin slips under $80K amid Iran-U.S. uncertainty despite $1 billion ETF inflows; profit booking rises
Synopsis
Bitcoin has dipped below the $80,000 mark. This pullback follows a strong rally and is influenced by rising geopolitical tensions. Investors are booking profits, and leveraged positions are being liquidated. Despite this, spot Bitcoin ETFs continue to see significant inflows, indicating ongoing institutional interest. The market is navigating a consolidation phase, with attention shifting to economic data.
Bitcoin slipped below the $80,000 mark on Friday as rising geopolitical tensions over the Iran-U.S. deal triggered profit booking after the recent rally, despite spot Bitcoin ETFs recording over $1 billion in inflows this week. The cryptocurrency was trading at the $79,694 mark.
Ethereum and Bitcoin slipped 2% and 1.5% respectively in the past 24 hours. Among the major altcoins, BNB, XRP, Dogecoin, Hyperliquid and Cardano slipped up to 4% whereas Solana and Tron were up 0.6% and 0.8% respectively.
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Akshat Siddhant, Lead quant analyst, Mudrex said Bitcoin is consolidating after its recent move above $82,000, as traders begin booking profits near higher levels and despite the pullback, Bitcoin remains in an uptrend, currently trading at $79,500, with buyers staying in control.
Crypto TrackerTOP COINS (₹) Tether94 (-0.36%)BNB60,472 (-1.05%)XRP131 (-1.95%)Bitcoin7,526,229 (-2.07%)Ethereum215,575 (-2.44%)
Siddhant further said that institutional demand continues to provide strong support, with spot Bitcoin ETFs attracting more than $1 billion in inflows this week, the highest since January. However, investors should remain cautious, as nearly $15 billion in long liquidations sit below current prices, increasing downside risk during volatility.
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Avinash Shekhar, Co-Founder & CEO, Pi42 said Bitcoin has fallen below the $80,000 level, with the recent pullback driven by rising geopolitical uncertainty after Iran reportedly rejected a proposed U.S. deal and the decline has triggered a wave of profit booking across the market following Bitcoin’s strong rally over the past several weeks, leading to increased short-term volatility.
At the same time, traders have aggressively reduced leveraged bullish positions, with more than $90 million in long liquidations reflecting a broader cooling in momentum, Shekhar further said.
The global crypto market capitalisation edged down 0.63% to $2.66 trillion, according to . The crypto market is currently navigating a delicate consolidation phase, with the global market cap softening 1% to $2.73 trillion, said CoinDCX Research Team.
CoinSwitch Markets Desk said the pullback appears to be a combination of profit-booking after the recent rally and cautious sentiment due to ongoing geopolitical developments involving US and Iran and for investors, gradually building positions over time may be a more disciplined and balanced approach than trying to time short-term market fluctuations.
In the past week, Bitcoin was up 3% and Ethereum fell 0.01%. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid and Cardano rallied up to 7% whereas Dogecoin declined nearly 3%.
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Vikram Subburaj, CEO, Giottus said that ETF outflows and fresh macro uncertainty added pressure to the market. The broader structure, however, remains relatively stable as institutional demand continues to absorb deeper corrections and the market participants are now shifting focus from momentum-driven upside to macro-sensitive positioning ahead of key U.S. economic data releases.
Market perspective
Riya Sehgal, Research Analyst, Delta Exchange
Bitcoin and Ethereum are pausing after a recovery rally as traders assess macro uncertainty, ETF flow moderation, and profit-booking near resistance levels. The move to the lower mark also followed long-liquidation pressure, with reports of roughly $91M in Bitcoin longs wiped out after the failed push higher and this suggests leveraged longs were crowded, and aggressive entries may remain vulnerable until Bitcoin reclaims the $80,000–$81,700 zone.
WazirX Market’s Desk
Bitcoin traded near $79,500 while Ethereum hovered around $2,280, as crypto markets cooled after Bitcoin faced strong rejection near the crucial $82K resistance level.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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