Bitcoin holds above $80,700 as ETF inflows buoy rally amid Iran tensions and Fed shift

Bitcoin stayed above $80,700 on Monday morning, with buyers still in control. Support came from strong institutional buying, less Bitcoin on exchanges, and mild optimism on geopolitics. Yet risk appetite stayed capped, as tensions involving Iran remained a key concern for markets.

At $80,733, Bitcoin rose 0.41% on the day. Bitcoin gained nearly 30% from the 2026 low near $62,000 on February 5. The record high stood at $126,272 from October 6, 2025. Bitcoin therefore remained about 36% below that peak, despite the rebound.

Bitcoin dominance reached 61%, the highest in years. Flows since the ETF era helped keep demand centred on Bitcoin, not altcoins. A major shift also appeared in supply conditions. Exchange balances fell to 2,693,000 BTC, a level last seen in December 2017. That drop reduced available trading inventory.

US spot Bitcoin ETFs absorbed about 19,000 BTC across a nine-day inflow run in April. That was nine times new supply mined in that window. BlackRock’s IBIT held roughly 812,000 BTC, taking an estimated $2.1 to $3 billion of April inflows. Fidelity’s FBTC added $184.57 million on May 4.

Metric	Figure	Period / reference
Bitcoin price	$80,733	Monday morning
Daily move	Up 0.41%	Same day
2026 trough	~$62,000	February 5
All-time high	$126,272	October 6, 2025
Exchange balance	2,693,000 BTC	Lowest since December 2017

Bitcoin outlook amid Iran risk and Federal Reserve shift

Macro factors still shaped the next move. The US-Iran standoff near the Strait of Hormuz kept Brent crude around $95 per barrel. The Federal Reserve held rates at 3.50%-3.75%, with four dissenters, the most since 1992. Jerome Powell’s term ended May 15, and Kevin Warsh was expected to chair June’s meeting.

Bitcoin’s steady trading above $80,000 looked constructive, but key hurdles remained. Bitcoin needed to clear the 200-day moving average near $83,000 to extend momentum. At the same time, a Fed leadership change and lingering Iran-linked risks could keep volatility high. These cross-currents framed the near-term test for this rally.