Crypto Prices See Mixed Reactions as Tensions Between US and Iran Escalate

Ripple's XRP has seen a modest recovery above $1.36 as investors attempt to regain momentum, despite broader market sentiment remaining shaky due to renewed tensions between the US and Iran.

The Ethereum price has extended gains above $2,400 on Thursday, with investors returning to the market following the renewed tensions in the Middle East. This move comes after a period of doldrums in the cryptocurrency market since last week.

Bitcoin's price action has steadied around $77,700 as markets turn cautious ahead of key economic data on Friday. Institutional demand is supporting this range-bound price action, with spot Exchange Traded Funds (ETFs) recording mixed flows so far this week.