Woofun AI reports that Bitcoin declined over 1% since July 13th, touching $63,000, driven by risk-off sentiment following US-Iran airstrikes. Brent crude futures rose above 3% near $79 per barrel, raising concerns about Strait of Hormuz disruptions and inflationary pressure on Fed rate cuts.

Taran Dhillon of Kula noted a market tug-of-war between geopolitical risks and upcoming US CPI and PPI data.

Meanwhile, spot Bitcoin and Ethereum ETFs experienced eight straight weeks of net outflows, though progress on the CLARITY Act may bolster regulatory expectations.