Amid escalating tensions in the Middle East, spot Bitcoin ETFs in the US recorded nearly $243 million in outflows, ending an eight-day series of inflows totaling $1.4 billion. The price found support around the $60,000 level. If the decline continues, the next support could be found at the $58,500 mark.

Trading Decisions

When making trading decisions, this week's publications should be considered. The upcoming event will be the release of the US labor market data by ADP. This news could impact the volatility of the US dollar, and consequently, the Bitcoin to dollar exchange rate.