The cryptocurrency market remains largely stable despite the raging war in the Middle East. Bitcoin (BTC) is nearing $71,000 at the time of writing on Friday, while Ethereum (ETH) holds above the immediate $2,000 support. Ripple (XRP) is steady above $1.40.

US-Iran war escalates as institutional interest resets

The United States (US)-Israel-Iran war has entered its sixth day amid growing concern for the global economy, especially as the conflict continues to impact Oil and gas operations as well as shipping routes due to the closure of the Strait of Hormuz.

Global markets are on edge, with equities and bonds falling. Despite crypto prices staying relatively stable this week, institutional interest is beginning to wobble. Bitcoin spot…