Coindesk 20

Bitcoin moved back above $76,000 after slipping below that level during a broad risk-asset selloff tied to weakness in technology shares. U.S. spot bitcoin ETFs posted heavy net outflows, while leveraged liquidations added pressure across the wider crypto market.

Bitcoin recovered from a three-week low after President Donald Trump said the U.S. would not strike Iran before the midterm elections. The move steadied crypto sentiment, while ether, SOL and the broader CoinDesk 20 index remained under pressure.

Bitcoin weakened over the past 24 hours as renewed U.S.-Iran hostilities pushed oil prices higher and traders reduced exposure to risk-sensitive assets. With June CPI due later today, markets are watching whether inflation data will ease or reinforce expectations for a July Federal Reserve rate increase.