Bitcoin Advances on ETF Inflows, but Oil-Driven Inflation Caps Gains

BitcoinWorld Bitcoin Advances on ETF Inflows, but Oil-Driven Inflation Caps Gains Bitcoin’s price rose on Tuesday, buoyed by continued inflows into spot Bitcoin exchange-traded funds (ETFs), but gains were limited by renewed inflation concerns stemming from rising oil prices, which could delay interest rate cuts and pressure risk assets.

ETF Inflows Support Bitcoin’s Upside Spot Bitcoin ETFs have recorded net inflows for the past several sessions, signaling sustained institutional demand.

According to data from CoinShares, digital asset investment products saw inflows of $1.2 billion last week, with Bitcoin products accounting for the majority. This steady accumulation provides a solid support base for BTC, helping it recover from recent lows.

Oil Prices and Inflation Worries Weigh on Sentiment However, oil prices have climbed to multi-month highs, driven by supply constraints and geopolitical tensions.