Why are Bitcoin, Ethereum and XRP falling despite a weekend rebound?

Bitcoin, Ethereum and XRP remain under pressure as investors react to renewed military exchanges between Israel and Iran. The geopolitical uncertainty has reinforced a risk-off mood across financial markets, reducing demand for risk assets such as cryptocurrencies.

How did the Israel-Iran conflict affect cryptocurrency prices?

The latest exchange of strikes between Israel and Iran has increased market uncertainty and prompted investors to reduce exposure to volatile assets. This has contributed to selling pressure across major cryptocurrencies, including Bitcoin, Ethereum and XRP.

What is happening with Bitcoin's price right now?

Bitcoin is trading around $63,000 after failing to sustain a recovery. Technical indicators show the cryptocurrency remains below its 50-day, 100-day and 200-day moving averages, suggesting the broader trend remains bearish.

Why are Bitcoin ETF flows important for BTC investors?

Spot Bitcoin ETFs provide a measure of institutional demand for Bitcoin. According to the article, Bitcoin ETFs recorded $1.72 billion in net outflows last week, indicating that large investors have been reducing exposure rather than adding new capital.

What does the $1.72 billion Bitcoin ETF outflow signal?

Large ETF outflows generally suggest weakening institutional sentiment and reduced buying support. While ETF flows are not the only driver of Bitcoin's price, persistent outflows can make it more difficult for BTC to sustain a recovery.

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Bitcoin slides as Middle East tensions rise

Written by Heidi Cuthbert Published Jun 9, 2026, 12:24 AM

Bitcoin remained under pressure near $63,000 on Monday as investors reacted to renewed military strikes between Israel and Iran, marking the first direct exchange of fire since the April ceasefire agreement.

Risk appetite weakened across digital asset markets after Iran launched missiles at Israel and Israel responded with strikes on military targets in western and central Iran, prompting traders to reduce exposure to higher-risk assets.

US President Donald Trump sought to calm concerns surrounding the conflict, saying:

“Israel’s Prime Minister Benjamin Netanyahu will have no choice but to accept a peace agreement with Iran.”

Institutional demand also remained weak, with spot Bitcoin ETFs recording $1.72 billion in net outflows last week, while spot Ethereum ETFs extended their losing streak with $168 million in withdrawals, according to SoSoValue data.

Bitcoin’s technical outlook remained bearish as the cryptocurrency traded below its 50-day, 100-day and 200-day exponential moving averages, with momentum indicators continuing to point lower despite oversold conditions.

Ethereum changed hands near $1,667 after failing to hold above $1,700, while XRP traded around $1.14 despite attracting $2.62 million in ETF inflows during a fifth consecutive week of positive flows.

Unless geopolitical tensions ease and institutional investors return to crypto ETFs, analysts expect Bitcoin, Ethereum and XRP to remain vulnerable to further downside pressure in the near term.

At the time of reporting, Bitcoin price was $62,998.85.