Bitcoin Holds Near $77K as Iran Ceasefire Talk Lifts Sentiment, but ETF Outflows Persist
Bitcoin recovered from about $74,000 to trade near $77,000 over the holiday weekend, according to CryptoPotato, after US President Donald Trump described a largely negotiated deal with Iran. Bitcoinist reported BTC at roughly $76,100 on Saturday, while spot Bitcoin ETFs recorded more than $1.2 billion in weekly outflows.
Written by CoinArticle’s AI Newsroom · from 2 cited sources. How we work
Price Recovery Over the Weekend
Bitcoin traded near $77,000 on Memorial Day, after falling to about $74,000 on Saturday and recovering the following day, according to CryptoPotato. Bitcoinist reported a different snapshot, with BTC at around $76,100 on Saturday morning, up roughly 0.6% on the day. The two outlets' figures reflect different points in a volatile window, and neither was described as a closing price.
CryptoPotato linked the rebound to a statement from President Donald Trump on Iran, who described a "largely negotiated" deal and hinted at progress toward permanent peace. Markets appear to have treated the remarks as an extension of the existing ceasefire rather than a settled agreement. The Kobeissi Letter, cited by CryptoPotato, wrote that further progress had been made toward a 60-day ceasefire extension for the Iran conflict.
Flows Tell a Weaker Story
Price stability has not translated into institutional demand. Spot Bitcoin ETFs posted one of their worst weeks from May 18 to May 22, with more than $1.2 billion in net outflows, CryptoPotato reported. Bitcoinist's headline framed the same dynamic: the capital most relevant to a sustained recovery was still leaving. Ethereum ETFs also lost assets over the period. Solana, XRP and HYPE funds recorded increases in assets under management, according to the same source.
Altcoin Performance Diverges
Major altcoins were largely flat over 24 hours. BNB rose 0.5% and TRX 0.3%, while XRP, SOL, DOGE and ADA each fell 0.3%, and ETH was roughly unchanged, per CryptoPotato. HYPE, which rose more than 40% over the prior seven days, slowed but remained the 11th-largest project by market capitalization. The best 24-hour performers were DEXE (up 20%), STABLE (up 15%) and XDC Network (up 9.6%). Uniswap's UNI was the weakest major name, down 2.7%.
Week Ahead
CryptoPotato noted that the coming week includes several scheduled economic releases that could shift risk appetite, though the specific events were not enumerated in the portion of the source available for this summary. Whether the ceasefire extension is formalized will be a key variable for the price action that follows.
Why It Matters
For Traders
Bitcoin's hold near $77,000 is occurring alongside more than $1.2 billion in weekly ETF outflows, so near-term price direction may hinge on this week's economic releases and any formal Iran ceasefire extension.
For Investors
Sustained ETF outflows during a geopolitically driven rebound suggest institutional demand has not yet confirmed the recovery, which is worth tracking over the next several weeks of flow data.
For Builders
Divergence between ETF flows and spot price stability highlights that product-level demand signals can lag or contradict headline price, which matters for protocols modeling BTC-linked collateral or liquidity.
This article is for information only and is not financial advice. Read the full disclaimer.
