Crypto Market Under Pressure Despite Easing Middle East Tensions

Bitcoin's price recovery has been hindered by persistent ETF outflows, limiting its ability to surpass $64,000. Despite improved market sentiment after Iran and Israel halted a military escalation, institutional demand remains subdued. Meanwhile, Venice (VVV) is experiencing a bearish reversal due to easing demand and revenue decline.

The cryptocurrency market as a whole is trading under pressure, with Bitcoin hovering near $63,000, Ethereum above $1,650, and Ripple around $1.14. This reflects a lack of appetite for risk assets despite the easing of Middle East tensions.