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Bitcoin and leading cryptocurrencies recovered this week after the initial shock caused by the beginning of the conflict between the US and Israel with Iran.
Bitcoin (BTC) initially dropped to $63 245 on Sunday, then briefly rebounded to $73 000 on Thursday thanks to new demand from spot Bitcoin ETFs trading in the US, which recorded a net inflow of $1.1 billion in the week leading up to Thursday.
In the broader DeFi sector, the governance conflict within the Aave ecosystem continues, with the Aave Chan Initiative (ACI) announcing that it will not extend its participation in Aave DAO and plans to wind down activities over the next four months.