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Benzinga
Benzinga
Business
Murtuza J Merchant

Investors Poured Billions Into Bitcoin And Ethereum Even As Iran-Israel Tensions Escalated

Bitcoin Iran Ethereum Israel Metaplanet Crypto James Butterfill
Bitcoin

Digital asset investment products defied global turbulence last week, raking in $1.24 billion in fresh inflows—marking a tenth straight week of gains—even as crypto prices dipped and geopolitical tensions surged.

Bitcoin (CRYPTO: BTC) fell below $100,000 over the weekend, while the second-largest crypto by market cap, Ethereum (CRYPTO: ETH), fell below $2,150 after the U.S. struck Iran’s nuclear facilities. Iran is expected to blockade the Strait of Hormuz, the world’s most sensitive oil shipping chokepoint, spiking oil prices.

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