Bitcoin, XRP down as Trump delays Iran negotiations deadline
Bitcoin and other major cryptocurrencies have declined in value due to ongoing tensions with Iran and mixed headlines. Despite the price drop, institutional investors are accumulating bitcoin and ether, with $2.5 billion in net inflows to bitcoin ETFs over the past month.
Bitcoin's price has fallen below $68,500 due to ongoing Iran tensions. The cryptocurrency market has been volatile, with most major coins declining in value. However, institutional investors are buying bitcoin and ether, with $2.5 billion in net inflows to bitcoin ETFs. The US president has extended the deadline for Iran to reach a ceasefire deal by 10 days. The broader crypto market has shed nearly 1% in value. Other major coins, such as ether and XRP, have also declined. Despite the price drop, some analysts view the market's ability to hold above its 50-day moving average as a bullish sign.
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