Cryptocurrency prices remain under pressure on Monday as market participants navigate tensions in the Middle East after Israel and Iran attacked each other for the first time since the peace deal agreement that was reached in Early April.
Bitcoin (BTC) remains under pressure, struggling below $64,000 on Monday after posting its worst one-week return this year. Institutional sell-off remains severe with spot Exchange Traded Funds (ETFs) recording the fourth week of steady outflows of billions since mid-May.
Ripple (XRP) is down 2% at press time on Monday as the broader crypto market loses risk appetite.