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Investors withdraw their capital as tensions in the Middle East escalate:
Demand for high-risk assets remains significantly low amid rising tensions in the Middle East, where the United States and Iran exchange fire.
Strikes continued after U.S. President Donald Trump stated that Iran is delaying too much in reaching an agreement.
Several sites in Iran were targeted, described by the U.S. military as "self-defense."
The Iranian Revolutionary Guard launched attacks on U.S. military facilities in Kuwait, Bahrain, and Jordan.
Fox News also reported that President Trump claimed Iranian officials requested to halt the recent U.S. attack.
Risk aversion sentiment remains, as evidenced by the fear and greed index in the cryptocurrency market, which settled at 12 points in the "extreme fear" zone on Thursday, slightly up from 10 points the previous day.
These sentiments are likely to limit the overall recovery of the cryptocurrency market, keeping investors on the sidelines.
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