[Bitcoin ETF Ends Eight Consecutive Weeks of Net Outflows, Middle East Tensions Drag BTC Back to $63,000] BlockBeats News, July 13: Due to mutual airstrikes between the U.S. and Iran over the weekend, market risk-aversion sentiment has intensified. Bitcoin has dropped more than 1% since midnight UTC on July 13, briefly retreating to around $63,000. Meanwhile, Brent crude oil futures rose over 3%, approaching $79 per barrel. The market is concerned that disruptions to shipping in the Strait of Hormuz could drive up energy prices and inflation, thereby limiting the Federal Reserve's room for rate cuts and putting pressure on risk assets like crypto. Kula Digital Asset Manager Taran Dhillon stated that this week, the crypto market will engage in a "tug-of-war" between macroeconomic data and Middle East geopolitical tensions. The upcoming release of U.S. CPI and PPI data will influence market expectations for the Federal Reserve's interest rate trajectory. However, spot Bitcoin ETFs and Ethereum ETFs have ended eight consecutive weeks of net outflows, indicating a rebound in institutional demand. Additionally, the ongoing progress of the CLARITY Act is expected to further improve regulatory expectations for digital assets, providing support to the market. [Original Link]