Bitcoin rose 0.5% to $69,845.4 as Pakistan asked President Trump to extend the Iran Strait of Hormuz deadline by two weeks.
Bitcoin ETFs attracted $471.3 million inflows, led by BlackRock’s IBIT ($181.9 m), Fidelity’s FBTC ($147.3 m) and ARK’s ARKB ($118.8 m).
Rising energy prices from the Hormuz closure heighten inflation concerns, prompting investors to watch the upcoming U.S. March CPI for rate‑policy clues.
Analyst Iliya Kalchev noted crypto markets await the deadline, with sentiment neutral pending inflation data and potential higher‑for‑longer interest rates.