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Bitcoin, Ethereum, XRP face capital exit amid ETF outflows
Interest in crypto investment products has remained shaky amid the United States (US) and Israel’s war with Iran, which is now in its second month. US President Donald Trump claimed military success on Wednesday, even as the war rages on.
Meanwhile, Iran is widening its attacks, with Gulf nations reporting fresh missile and drone attacks on Thursday. Risk assets, including crypto and stocks, are slipping lower, amid pressured conditions as risk-off sentiment persists, while Oil prices surge.
West Texas Intermediate (WTI) Oil price is back above $100, after hitting a daily low below $93. Further escalation of the war could see Oil prices surge, driving macroeconomic uncertainty.