Bitcoin trades above $64,000 as ETF inflows rise

Bitcoin gained more than 1% over the previous 24 hours, and was trading at $64,475.5

Bitcoin traded above $64,000 on Sunday, extending its recovery from recent lows as improving risk sentiment, strong spot ETF inflows, and optimism surrounding a potential Iran-U.S. peace agreement supported demand for the cryptocurrency.

Bitcoin gained more than 1% over the previous 24 hours, and was trading at $64,475.5 as of 08:56 GMT. The cryptocurrency has now recovered more than 8% from its June low near $59,000 after briefly dropping below the $60,000 level earlier this month.

Investor sentiment improved after it was reported that a peace agreement between Tehran and Washington was closer than ever, with finalization potentially coming within days.

Fund flows also showed signs of stabilization after several weeks of persistent outflows.

U.S. spot Bitcoin ETFs recorded net inflows of $85.9 million on Friday, marking their strongest daily intake since mid-May. The return of positive flows suggests institutional demand may be beginning to recover after a period of heavy selling.

Some analysts have suggested that recent ETF outflows were partly driven by investors raising cash to participate in SpaceX’s initial public offering. With the aerospace company now publicly traded, that temporary source of selling pressure may be fading.

Attention is also turning to developments in artificial intelligence after Anthropic recently unveiled its Fable 5 AI model. Industry participants have highlighted the potential benefits of advanced AI tools for software development and security, while also warning that increasingly powerful systems could accelerate cyber threats targeting cryptocurrency platforms.

Despite the recent rebound, Bitcoin remains well below its record high of around $126,000 reached in late 2025. Market participants will now watch whether ETF demand continues to strengthen and whether easing geopolitical tensions can support further gains in the weeks ahead.