Crypto Prices Sink as Global Tensions Dampen Risk Appetite; Ethereum Outperforms on Potential ETF Approvals

Bitcoin, Ethereum, and Dogecoin prices dropped over the weekend due to escalating Iran-Israel tensions and investors viewing crypto as a risk asset rather than a hedge.

Ethereum outperformed Bitcoin and Dogecoin due to news of SEC approval for Bitcoin and Ethereum spot ETFs in Hong Kong, signaling potential upcoming ETF approval in the U.S.

Bitcoin's upcoming halving event has not driven price increases yet as some investors believe the rally associated with the event may have already occurred.

Lack of positive news from Elon Musk about Dogecoin and negative Tesla news contributed to Dogecoin's double-digit price drop, highlighting its high-risk, momentum-driven nature.

Upcoming potential bullish catalysts for crypto prices include Bitcoin's halving event and possible U.S. approval of a spot Ethereum ETF, but current uncertain macro conditions may overshadow these events in the short term.