Crypto Market Sees Multi-Week Lows Amid Middle East Conflict

The crypto market has experienced significant losses in recent weeks, with prices plummeting to multi-week lows. According to Simon Peters, a cryptoasset market analyst at eToro, the ongoing conflict in the Middle East has contributed to the decline in investor confidence.

With oil prices rising, traders and investors have scaled back their expectations for interest rate cuts this year. Bond yields have been climbing, with the benchmark 10-year Treasury returning to levels last seen in July 2025, putting pressure on risk-asset prices.

In related news, Franklin Templeton has partnered with Ondo Finance to bring tokenized ETFs to the blockchain. The partnership aims to provide exposure to various asset classes, including US equities, gold, and fixed income.