Major crypto assets trade under intense headwinds on Wednesday, as market participants navigate complex geopolitical and macroeconomic environments. Bitcoin (BTC) has slipped toward $61,000 after its recent rebound was sold near $64,000, leaving buyers exhausted.

Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror Bitcoin’s bearish outlook, trading around $1,600 and $1.10, respectively.

Bitcoin and Ethereum face capital outflows amid Middle East tensions

Geopolitical tensions in the Middle East continue to run high, with the United States (US) Central Command announcing late Tuesday that it had carried out retaliatory strikes against Iran after an American helicopter was downed earlier in the week. Axios reports that these…