According to Francisco Rodrigues, bitcoin (BTC) has dropped 1.7% in 24 hours due to heightened Middle East tensions, causing investors to shift to safe havens like gold, but analysts predict a $200,000 price target by year-end remains possible. Boris Alergant, head of institutional partnerships at Babylon, stated that BTC trades like a risk-on asset but is optimistic due to rising institutional demand, citing MicroStrategy's treasury strategy as a key driver. James Butterfill, head of research at CoinShares, highlighted $900 million in digital asset inflows this week, indicating rebounding investor confidence amid loosening global money supply. Matt Mena, analyst, forecasts BTC could reach $200,000, driven by improving macro clarity, institutional adoption, and potential state-level reserve programs boosting ETF inflows. Subdued U.S. inflation increases the likelihood of Fed rate cuts, which could bolster crypto assets.

According to Francisco Rodrigues, Bitcoin (BTC) declined 1.7% in the last 24 hours due to escalating Middle East tensions, which have driven investors toward safe havens like gold, as reported by market data. However, subdued US inflation data, with CPI rising less than forecast, increases the likelihood of Federal Reserve rate cuts, potentially boosting crypto prices; traders expect two cuts starting in September, per the CME FedWatch tool. Boris Alergant of Babylon stated that BTC trades as a risk-on asset but remains optimistic due to rising institutional demand, while Youwei Yang of BIT Mining highlighted SEC openness to layer-1 assets and DeFi tokens, and James Butterfill of CoinShares noted $900 million in inflows signaling rebounding confidence.