- Cryptocurrency Today: Bitcoin, Ethereum, and XRP Rebound Weakens Amid Israeli and Iranian Attacks.

Cryptocurrency prices remain under pressure on Monday as market participants deal with tensions in the Middle East following the first Israeli-Iranian attack since the peace agreement was reached in early April. Bitcoin (BTC) hovers around $63,000 as pressures intensify, while altcoins, including Ethereum (ETH) and Ripple (XRP), experience sharp declines.

- Increasing Geopolitical Risks as Israel and Iran Exchange Strikes:
Risk-off sentiment remains dominant, with most digital assets correcting after a brief rebound over the weekend. Israel and Iran exchanged strikes for the first time since the ceasefire agreement on April 8.

Iran launched rockets at Israel on Sunday in response to an Israeli attack in Lebanon. The Israeli military reported intercepting the rockets and launching a counterattack targeting military sites in western and central Iran. The Iranian Revolutionary Guard announced airstrikes on the Nivatim and Tel Nof Israeli airbases in response to attacks targeting radar sites inside Iran, confirming readiness for any scenario and large-scale operations on all fronts.

Meanwhile, U.S. President Donald Trump told the Financial Times that the strikes between Israel and Iran do not change his desire to complete ongoing peace negotiations. Trump added that Israeli Prime Minister Benjamin Netanyahu would have no choice but to accept a peace deal with Iran.

Cryptocurrency prices are struggling to maintain stability, with some assets correcting after the slight rebound seen over the weekend. Alongside geopolitical tensions, these challenges stem from continued capital outflows, as evidenced by declines in spot ETF prices.

Institutional investor appetite remained weak last week, with SoSoValue weekly data showing spot Bitcoin ETF outflows of $1.72 billion through Friday. Unless there is a positive shift this week, sustainable recovery may remain a distant dream.

Bitcoin ETF Outflows | Source: SoSoValue
Spot Ethereum ETFs continued their downward trend for the fourth consecutive week, with outflows totaling $168 million through Friday. Cumulative inflows slightly decreased to $11.21 billion from $11.37 billion the previous week. Total assets under management also fell to $9.78 billion from $11.27 billion in the same period, reinforcing ongoing risk aversion.

Ethereum | Source: SoSoValue
Meanwhile, XRP ETFs experienced a slight increase, with inflows of $2.62 million last week through Friday. This marks the fifth consecutive week of inflows, bringing total inflows to $1.43 billion and net assets to $928 million, according to SoSoValue data.

Ethereum | Source: SoSoValue
Despite moderate capital inflows, sentiment around XRP remains bleak, with the price dropping to $1.05 on Saturday before rising to around $1.14 at the time of writing this $BTC report on Monday.