Digital assets pulled back further this week, as the US-Iran peace process remained uncertain, leading to widescale risk-off behaviour across wider markets alongside ETF outflows.

Digital assets exhibited mixed performance with slight overall declines, as US-Iran peace talks faltered and analysts raised the possibility of interest rate hikes from the Fed this year.

Digital assets rallied after last week’s rout, as news of a US-Iran peace deal restored market confidence somewhat. Several major institutional names across asset management and banking deepened their involvement in the space, tokenisation demand continued to grow, international regulatory efforts advanced and the football World Cup shed further light on the nascent field of blockchain-based prediction markets.

Digital assets fell to yearly lows in the wake of continued conflict, cascading liquidations, and increased investor caution following last week’s sells by top Bitcoin treasury firm Strategy.

Digital assets suffered a major pullback this week, as traders reacted negatively to the escalation of the US-Iran war.

Digital assets weathered geopolitical volatility and uncertainty to end the week virtually unchanged. Whilst Bitcoin and Ether ETFs logged poor performance as traders hedged their bets, altcoin products saw an influx despite challenging market conditions as bids rotated rather than disappeared. The wider stablecoin complex saw a great deal of activity, including developments across multiple currencies, Nasdaq gained approval for Bitcoin index options as NYSE’s parent company partnered with crypto exchange OKX for perpetual oil futures, Japan, Korea, and the US all witnessed regulatory progress, and much more.