Bitcoin Holds $77K as Stocks Rally, Trump Talks Iran
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- Bitcoin held at $77,000 on Monday as Japan’s Nikkei rose 2.9% and France’s CAC 40 climbed 1.8% in a broader stock market rally.
- Trump said on Saturday that negotiations with Iran to reopen the Strait of Hormuz were advancing, helping push Brent crude futures down to a five‑week low.
- Spot Bitcoin ETFs logged net outflows of $2.66 billion since May 7, signaling waning institutional demand.
- Strategy (MSTR) paused new Bitcoin purchases to repurchase convertible bonds, reducing leverage but temporarily halting additions to its 843,738‑BTC reserve.
Why it matters: Institutional investors lose $2.66 billion in ETF outflows, while Bitcoin traders see limited leverage; lower oil and stock rally boost market sentiment, but Strategy’s debt‑paydown pause curtails fresh Bitcoin buying.
