Cryptocurrency Markets Reel from US-Iran Tensions

Crypto markets are experiencing a downturn on Friday as investors remain cautious due to ongoing tensions between the US and Iran. Bitcoin has dropped below $63,000, while Ethereum and XRP are also feeling the pressure, with prices hovering around $1,800 and $1.10 respectively.

The recent strikes in the Middle East have sparked concerns about global energy markets, which could impact cryptocurrency prices. The Fear & Greed Index remains in the Fear Territory at 27, indicating a risk-averse sentiment among investors.

Bitcoin spot Exchange-Traded Funds (ETFs) saw inflows of $79 million on Thursday, but this was lower than the previous day's figure of $108 million. Ethereum spot ETFs experienced outflows of $28 million, breaking two consecutive days of inflows.