BTC falls on Mideast risk, but ETF inflows are a positive sign

Taran Dhillon, head of digital assets at Web3 investment platform Kula, told CoinDesk that the cryptocurrency market this week will be influenced by both macroeconomic indicators and geopolitical risks. He identified the upcoming U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) as key variables that will determine the outlook for interest rates. Dhillon also noted that Bitcoin and Ethereum spot ETFs have shown signs of recovering demand, ending an eight-week streak of net outflows to post net inflows. He added that progress on the U.S. CLARITY Act could also positively impact the market, as clearer legal status and oversight for digital assets would lower the barrier to entry for institutional investors and could lead to greater capital inflows.