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📰 Crypto Macro News
🔹Market Tone Turns Cautious
• The broader crypto market is under pressure today, with Bitcoin trading near $63K as investor sentiment shifts back to risk-off and erases midweek gains.
🔹Geopolitical Risk Impacting Markets
• Geopolitical tensions escalated with a large-scale strike involving the U.S. and Israel against Iran, triggering a risk-off move in financial markets, including crypto, which saw prices dip as traders flocked to safe havens like gold and treasuries.
🔹Extended Crypto Weakness Linked to Macro Fear
• Even earlier in the week, major digital assets including Bitcoin, Ethereum and XRP extended losses on growing economic and AI-related fears, which have weighed on risk assets globally.
🔹ETF-Driven Rebound Faded Mid-Week
• Markets saw a rebound earlier this week thanks to strong ETF inflows that lifted Bitcoin near $68K, but that strength has faded as macro risks re-emerged.