
Crypto Funds Add $858M as Clarity Act Drives Market Optimism
Digital asset investment products attracted $858M last week, led by Bitcoin and Ethereum.

Bitcoin experienced volatility at the CME open, rising to $82,400 before dropping below $81,000. This movement coincided with geopolitical tensions in Iran, impacting the broader crypto market.
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The crypto market started the week in a volatile mood, with bitcoin BTC$81,130.83 rising from $80,670 at 23:00 UTC on Sunday before topping out at $82,400 an hour later. The price subsequently dropped to trade in a fairly narrow range just beneath $81,000.
The move coincided with the weekly open of bitcoin futures on the CME and U.S. equity futures — a period that often sparks a frenzy of repositioning and a phenomenon called the "CME gap," which occurs when the price opens at a different point to where it closed on Friday.
Due to the timing of the move, all crypto benchmarks are down on Monday with the broad CoinDesk 100 (CD100) leading the way at a 1.5% loss while the bitcoin-dominant CoinDesk 5 (CD5) dropping 0.6%.
Price action is also being dictated by geopolitical developments in Iran. U.S. President Donald Trump said Iran's response to a peace proposal was "totally unacceptable," leading to a rise in the price of oil and the dollar and a decline in risk assets.
Bitcoin's price fluctuations were driven by the CME futures opening and geopolitical tensions in Iran.
Tensions in Iran led to a decline in risk assets, contributing to a drop in all major crypto benchmarks.
The CME gap refers to the price difference between the closing and opening of futures; it often triggers volatility, as seen with Bitcoin's price movement.
Bitcoin is trading just beneath $81,000, while the CoinDesk 100 has dropped 1.5% and the CoinDesk 5 is down 0.6%.

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