""Cryptocurrencies remain in suspended animation, moving sideways over the last month. While equities seem content to ignore the looming energy crisis, cryptocurrencies seem to be just left to drift.""
""Since the war started, oil prices have surged. Brent crude has made gains of roughly 50% from the start of the conflict at the end of February, while gold is down more than 10%.""
""U.S.-listed spot Bitcoin exchange-traded drew $471.3 million in net inflows Monday, building on $22.3 million last week—a sharp reversal from nearly $300 million in outflows the week prior.""
Bitcoin experienced a decline of up to 2.5% amid market volatility caused by attacks on Iran's infrastructure and a deadline set by President Trump. The cryptocurrency briefly surpassed $70,000 before this drop. Ether also fell over 3%. The ongoing war has led to significant disruptions in the oil market, with Brent crude prices rising approximately 50%. Despite these challenges, Bitcoin showed resilience with institutional inflows into exchange-traded funds, indicating a potential stabilization in the market.
Read at Fortune
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