Money is flowing into the virtual asset market amid geopolitical jitters, including the Iran situation.
According to global virtual asset tracker CoinMarketCap on the 15th, as of 9 a.m., bitcoin was at $97,024, up 1.55% from 24 hours earlier. Ethereum, the No. 2 by market cap, rose 0.58% to $3,347, while Ripple, which had been climbing recently, fell 1% to $2.13. Most virtual assets except Ripple are showing gains.
In Iran recently, as anti-government protests intensified, the government cut internet communications. In the United States, the U.S. federal prosecutors have launched an investigation into Federal Reserve Chair Jerome Powell, stirring repercussions. Foreign media said money flowed in as a safe-haven play amid geopolitical uncertainty.