Bitcoin rose 0.5% to $69,845.4 as Pakistan asked President Trump to extend the Iran deadline for reopening the Strait of Hormuz.
Bitcoin ETFs attracted $471.3 million in inflows, led by BlackRock’s IBIT ($181.9 million), followed by Fidelity’s FBTC and ARK’s ARKB.
Rising energy prices from the Strait closure heighten inflation concerns, prompting focus on the upcoming U.S. March CPI and higher‑for‑longer rate expectations.
Analyst Iliya Kalchev noted markets await the deadline, with crypto sentiment tied to inflation prints and rate outlook.