Bitcoin reclaims $70,000 as geopolitical risk eases; Ether posts record weekly ETF inflows

ChainCatcher report: Wintermute's weekly market update said former U.S. President Donald Trump announced a five-day pause on strikes against Iran's energy infrastructure, easing the geopolitical risk premium. Bitcoin rebounded from around $68,000 to move back above $70,000 as Brent crude slid sharply. The Federal Reserve held rates at 3.50%–3.75% at this meeting. The dot plot showed 14 of 19 officials expect zero or only one rate cut in 2026, and markets have fully ruled out any cut before autumn. Bitcoin fell about 3.4% over the week. The FOMC decision triggered a single-day ETF outflow of $708 million, the largest in nearly two months. Gold posted its worst weekly performance since 1983, dropping more than 10%. Ether outperformed other assets, with ETFs recording a weekly net inflow of $160.8 million, the highest on record. Wintermute said that if shipping through the Strait of Hormuz normalizes and diplomacy continues to progress, Bitcoin could test resistance at $74,000–$76,000, with an extreme bullish case pointing toward $80,000. If talks break down and transport restrictions persist, Bitcoin may revisit mid-range support near $60,000.