Investors Poured Billions Into Bitcoin And Ethereum Even As Iran-Israel Tensions Escalated
Digital asset investment products defied global turbulence last week, raking in $1.24 billion in fresh inflows—marking a tenth straight week of gains—even as crypto prices dipped and geopolitical tensions surged.
Bitcoin (CRYPTO: BTC) fell below $100,000 over the weekend, while the second-largest crypto by market cap, Ethereum (CRYPTO: ETH), fell below $2,150 after the U.S. struck Iran’s nuclear facilities. Iran is expected to blockade the Strait of Hormuz, the world’s most sensitive oil shipping chokepoint, spiking oil prices.
The continued capital inflow into crypto markets comes as the war between Iran and Israel intensifies.
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The U.S. West Texas Intermediate rose 0.92% to $75.86 a barrel, marking a five-month high.
Digital asset investment products recorded their 10th consecutive week of inflows, totaling $1.24 billion last week and pushing year-to-date (YTD) …
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