Key Takeaways:
On May 19, bitcoin rebounded above $77,000 following Donald Trump’s delayed military action in Iran.Bitfinex analysts noted that weak demand for spot ETFs has left crypto liquidity at its worst since February.Future recovery depends on fresh capital to exceed the current $2.8 billion in onchain flows.While previous social media declarations from the President regarding Iran triggered sharp market turnarounds, institutional reaction to this latest “TACO” momentum remains decidedly mixed. In Asia, the Nikkei and Hang Seng indices remained largely flat, while South Korea’s Kospi plunged nearly 250 points (3.25%). In Europe, the CAC and FTSE saw modest opening gains of under 1%, while the DAX led the region with a 1.3% bounce.
