Bitcoin climbs above $65,000 as ETF outflows slow but hawkish Fed and Iran deal pull in opposite directions

Bitcoin rose above $65,000 as ETF outflows slowed to $226M (down from $1.72B) and a U.S.-Iran peace deal boosted risk assets, but a hawkish Fed under new Chair Kevin Warsh and 36% rate-hike odds capped gains.

• Bitcoin hit $66,230 on U.S.-Iran peace deal progress before settling above $65,000
• Spot Bitcoin ETF outflows slowed to $226M in the week ending June 18, down from $1.72B the prior week
• New Fed Chair Kevin Warsh signaled hawkish stance; markets price 36% chance of July rate hike
• Six-week ETF outflow streak reached $5.94 billion, the longest on record
• Bitfinex analysts say subdued funding rates and low leverage suggest room for upside if spot demand strengthens

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