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According to CoinMarketCap data, the global cryptocurrency market cap now stands at $2.16T, down by 1.73% over the last 24 hours.Bitcoin (BTC) traded between $62,501 and $64,425 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $62,602, down by 2.20%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include DCR, XEC, and KITE, up by 46%, 28%, and 24%, respectively.Markets Brace for Key Inflation Week as Iran Escalation, Bitcoin ETF Inflows, and Macro Data Drive SentimentGeopolitical tensions intensified after the U.S. launched another round of strikes on Iran, pushing oil prices higher and raising fresh concerns over the Strait of Hormuz. Despite the risk-off backdrop, U.S. spot Bitcoin ETFs snapped an eight-week outflow streak with $197 million in net inflows, signaling renewed institutional demand. Bitcoin remained range-bound near $63,000 as investors awaited a pivotal week featuring U.S. CPI, Fed Chair Kevin Warsh's congressional testimony, major bank earnings, and further developments in the Middle East.U.S. Launches Fourth Round of Strikes on Iran in a Week as Both Sides Dispute Hormuz StatusKey TakeawaysThe U.S. carried out its fourth round of strikes on Iran in one week.Iran claimed it closed the Strait of Hormuz, while the U.S. said shipping remains open.Brent crude rose more than 4% on supply concerns.European leaders called for renewed ceasefire and peace talks.SummaryThe conflict between the U.S. and Iran escalated after fresh American strikes and Iranian retaliation across the Gulf. Conflicting claims over the Strait of Hormuz kept energy markets on edge, driving oil prices higher and reinforcing geopolitical uncertainty.Bitcoin's Asian-Session Slip to $62,800 Is a Leverage Flush, Not a Breakdown — ETFs Just Posted Their First Weekly Inflows in Nine WeeksKey TakeawaysBitcoin slipped to around $62,800 in a leverage-driven selloff.Analysts view the decline as a liquidation event rather than a trend reversal.ETF inflows provide the strongest institutional demand signal in nine weeks.Markets are focused on Tuesday's U.S. CPI report.SummaryBitcoin remained within its month-long trading range despite short-term selling pressure. Renewed ETF inflows point to improving institutional demand, while investors wait for inflation data that could determine the market's next major move.June CPI, Warsh to Congress, and Bank Earnings Land the Same Week — Bitcoin at $62,844 Faces Its Most Consequential Macro Sequence Since June FOMCKey TakeawaysJune CPI is expected to show the first monthly decline in inflation this cycle.Fed Chair Kevin Warsh will testify before Congress after the CPI release.JPMorgan, Citigroup, Wells Fargo and BlackRock report earnings this week.Inflation data and Fed guidance could determine Bitcoin's direction.SummaryMarkets enter one of the year's most important macro weeks as inflation data, Fed commentary, and major bank earnings converge. The results are expected to shape interest-rate expectations and drive the next move across crypto and global markets.Bitcoin Spot ETFs Post $197.4 Million Weekly Net Inflows, Snapping Eight-Week Outflow StreakKey TakeawaysU.S. spot Bitcoin ETFs recorded $197.4 million in weekly net inflows.BlackRock's IBIT led with $292 million in inflows.The positive week ended eight consecutive weeks of ETF outflows.The reversal signals improving institutional sentiment.SummaryBitcoin ETFs attracted nearly $200 million last week, marking the first week of net inflows in over two months. The turnaround suggests institutional investors are gradually returning despite ongoing macro uncertainty.Oil Jumps Over 3% as Iran Says It Closed the Strait of HormuzKey TakeawaysWTI crude climbed more than 3%, nearing $74 per barrel.Iran announced the closure of the Strait of Hormuz.Gold and silver declined while the U.S. dollar strengthened.Nasdaq futures edged lower as investors shifted toward safe-haven assets.SummaryOil prices jumped after Iran claimed it had closed the Strait of Hormuz following renewed U.S. strikes. The escalation boosted the dollar and pressured risk assets, underscoring the growing influence of geopolitics on global markets.Market movers:NVDAB: $208.24 (-0.99%)MSFTB: $387.21 (+1.10%)GOOGLB: $358.15 (-0.25%)METAB: $668 (+0.09%)SPCXB: $143.73 (-1.43%)TSLAB: $403.73 (-1.28%)MUB: $927.51 (-5.17%)AMDB: $543.14 (-2.99%)SPYB: $753.61 (-0.01%)LITEB: $776.19 (-2.67%)

The LAB team has burned 10 million LAB tokens, according to Lookonchain monitoring.

According to Odaily, the burned tokens were valued at $11.3 million.