Spot gold breaks through $5,400 per ounce, rising 2.55% intraday

Nearly $300 million flowed out of Bitcoin ETFs in a single week! Rising risk aversion suppresses the crypto market.

Due to escalating geopolitical conflicts and macroeconomic uncertainties, approximately $296 million net flowed out of the U.S. spot Bitcoin ETF last week, reflecting a decline in market risk appetite. Although the Bitcoin price rebounded to $67,500, market sentiment remains cautious, with investors anticipating a higher likelihood of Bitcoin dropping to $55,000.

Bitcoin ETF ends seven consecutive days of gains, Bitcoin price pressure re-emerges.

Recently, the US Bitcoin spot ETF experienced significant outflows after seven consecutive trading days of net inflows, with a net outflow of $163.5 million on the 18th and another outflow of $51.9 million on the 19th, indicating a simultaneous weakening of market capital and prices. The price of Bitcoin briefly fell below $70,000, highlighting that the capital flows of the ETF can no longer support its rebound, and the deteriorating macro environment is putting pressure on risk assets, leading to a noticeable contraction in investor preferences. The testing of the $70,000 threshold has become a barometer for short-term market sentiment.

Middle East conflict escalates, impacting the market! Bitcoin rebounds to $67,000 after dropping below $65,000.

The worsening situation in the Middle East has led to significant volatility in Bitcoin prices. On Monday, Bitcoin briefly fell to $65,112 but quickly rebounded to $67,400, indicating active buying at support levels. The market's sensitive response to the escalation of war and increasing macroeconomic pressures has resulted in a divergence in the performance of mainstream assets. The future trend of Bitcoin will be influenced by geopolitical conflicts and macro variables, and it may continue to maintain high volatility.

U.S.-Iran War Escalates: Trump Plans to Seize Hark Island, Brent Oil Surpasses 115, Taiwan Stocks Plummet

The U.S.-Iran conflict escalates again; Iran prepares for possible incursions. The U.S. is considering taking over Halk Island, and oil prices surge rapidly. Israeli airstrikes on Iran trigger a retaliatory response, with the Houthis making their first move. Market reaction is intense: Taiwan stocks plunge, inflation expectations change the path of monetary policy, and the global economy faces recession risk.

Gold plummets, "safe haven for funds" changes hands? JPMorgan: During the war, "Bitcoin becomes the new favorite for hedging."

JPMorgan pointed out that in the Middle East conflict, Bitcoin has shown strong resilience against declines, with significant capital inflows and active trading, while gold and silver are facing capital outflows. Under high interest rates and strong dollar pressure, gold prices have dropped by about 15%. With its borderless characteristics, Bitcoin has become a safe-haven choice, and institutional investors are also adjusting their positions, indicating a decrease in gold liquidity while Bitcoin liquidity is increasing.

BNP Paribas in France opens Bitcoin ETN trading, launching 6 digital products.

BNP Paribas will launch six exchange-traded notes (ETNs) linked to Bitcoin and Ethereum for retail customers in France on March 30, marking the latest step of traditional financial institutions entering the regulated crypto space. These ETN products comply with MiFID II regulations, allowing investors to participate without holding cryptocurrencies, thereby increasing market accessibility and compliance. The bank is also advancing its blockchain infrastructure development and digital asset strategy.