Download the mobile app
learn
legal
BTC Markets Pty Ltd ACN 164 093 887 is an authorised representative (AR No. 1297122) of BTCM Payments Limited ACN 643 241 829 (AFSL No. 525840)
©2026 BTC Markets Pty Ltd. All rights reserved.
US spot Bitcoin ETFs extended their strongest inflow run of 2026 as Bitcoin retreated, while jobs data revived rate concerns ahead of a pivotal week for inflation.
A weak US jobs report shifted rate expectations, lifting risk assets as Bitcoin trades near US$65K despite cautious sentiment and unusual moves in bond markets.
Bitcoin reclaimed US$64,000 in a week where everything pointed the other way: oil up 5%, markets pricing a possible September rate hike. ETF flows turned positive after the worst month on record. Now the real tests, Tuesday's US inflation print and Fed Chair Warsh's first testimony.
Markets have moved quickly to price in a US-Iran peace deal and improving macro conditions. Crypto has participated, but more cautiously. This week's VIP Desk explores what's driving the divergence and the signals that could determine what comes next.
Renewed uncertainty around the Fed’s rate path and Moody’s downgrade of the US credit outlook pressured global risk assets this week. Bitcoin tested key support levels as macro sentiment deteriorated across risk markets.