Trump boosts Bitcoin and Ethereum with launch of new ETF.
Wall Street plummets, but cryptocurrencies continue to rise.
Metaplanet strengthens its bet with massive purchase of Bitcoin.
Financial markets faced a storm last week. Tensions in the Middle East brought down Wall Street, but surprisingly boosted Bitcoin and Ethereum.
At the same time, Donald Trump's bold bet on cryptocurrencies further increased the movement of investors away from traditional assets.
Wall Street sinks, cryptocurrencies soar.
Israel's attack on nuclear facilities in Iran on June 13 sent panic through global markets. The S&P 500 fell 0.5% and dropped below the psychological level of 6,000 points.
The Nasdaq fell 1.3%, reflecting fears of a broader conflict in the Middle East and its impacts on the global economy.
Meanwhile, investors sought protection in gold, which rose 3.17%, and in oil, which surged nearly 13%, reflecting the risk of supply shortages in OPEC.
Unlike other assets, cryptocurrencies reacted in the opposite direction. The crypto market rose 2.21%, with Bitcoin and Ethereum appreciating, even amid geopolitical chaos.