Bitcoin Holds the Line While ETH Gets Rekt in Bloodbath Week: $414M Flees Crypto Markets

The US-Iran conflict just hit its fifth week, and both oil and Bitcoin are feeling the heat from all the geopolitical posturing. Bitcoin continues to fluctuate and remain below $70,000 as the ongoing cryptocurrency war takes its toll.

Coinshares dropped its weekly report, and the numbers aren't pretty: $414 million outflow last week. That's the first capital exit in five weeks, driven by conflict fears and expectations of an FOMC interest rate hike. Fun times.

Looking at the carnage individually, Ethereum got hit the hardest. ETH saw outflows of $221.8 million, while Bitcoin weathered $194.1 million in outflows. The altcoin gang wasn't spared either—XRP lost $15.8 million, Solana bled $12.3 million, and Sui saw a modest $0.4 million exit.

"Ethereum was the asset most affected by the negative sentiment, most likely related to the Clarity Act news," the report noted. ETH recorded outflows of $222 million with net outflows since the beginning of the year hitting $273 million—making it the worst-performing digital asset in this rough stretch.

Bitcoin also saw outflows totaling $194 million, but it remains in a net inflow position of $964 million year-to-date. Not great, but not terrible either.

On the regional front, the US led capital outflows to the tune of $445.2 million. Meanwhile, Germany and Canada decided to buy the dip, with Germany adding $21.2 million and Canada chipping in $15.9 million.

*This is not investment advice