Bitcoin Price Volatility Continues Amid US-Iran Conflict

The recent cease-fire deal between the US and Iran has had a profound impact on the global economy, with ripple effects being felt in the cryptocurrency market.

Data from SoSoValue shows that investors using spot Bitcoin ETFs to gain exposure to the largest cryptocurrency spent over $470 million on Monday to increase their positions, making it the single-best day in terms of net inflows since late February.

However, once the cease-fire deal was announced and Trump's threats were disregarded, investors pulled funds out of the ETFs, with $159.05 million in net outflows in the hours leading up to the major development.