Bitcoin and Ethereum traded sideways as Iran's Supreme Leader Ayatollah Ali Khamenei declared the nation’s victory over the U.S. in a recent conflict. Khamenei's statement followed a period of heightened tensions between Iran and Israel, culminating in U.S. involvement that spurred market fluctuations. Despite a momentary recovery, Bitcoin has dipped 0.2% to around $107,139, while Ethereum has increased slightly to $2,439. Inflows into Bitcoin ETFs have risen significantly, indicating market resilience amidst geopolitical instability. The overarching sentiment among traders suggests a cooling of tensions following a ceasefire agreement announced by U.S. President Trump, which has led to a belief among 93% of traders that the ceasefire will hold. With visible impacts on cryptocurrency prices, analysts point to a correlation between the Iran-Israel conflict and Bitcoin's price movements, framed against a backdrop of a weaker U.S. dollar and reduced oil prices. Overall, Bitcoin and Ethereum have reported losses of 2.2% and 6.7% respectively over the past month, driven largely by these geopolitical concerns.

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