Bitcoin trades near $65,600 as weakening institutional demand keeps prices range-bound (opens original article in a new tab)

Bitcoin remains near $65,600 as institutional demand weakens, keeping prices range-bound. Major altcoins saw gains, while global crypto market cap increased. A US-Iran peace deal improved risk sentiment across markets.

• Bitcoin trades near $65,600 with range-bound prices due to weakening institutional demand
• Major altcoins like BNB, XRP, and Solana saw gains up to 8% in 24 hours
• Global crypto market cap rose 1.88% to $2.24 trillion, while BTC ETFs had $316M net outflows last week
• US-Iran peace deal improved risk sentiment, affecting oil, gold, and crypto markets