WTI Crude Oil Surges Amid Middle East Tensions, Crypto Sentiment Remains Weak

Wintermute reported that geopolitical developments in the Middle East have significantly influenced global markets this week, leading to an 11% increase in WTI crude oil prices, which rose above $111. According to NS3.AI, this surge followed U.S. President Donald Trump's firm stance on the situation. Meanwhile, the cryptocurrency market continues to exhibit weak sentiment, as indicated by the Fear & Greed Index, which remains at a low level of 9. Additionally, March saw a shift in ETF flows, transitioning from a $1.32 billion net inflow to net outflows by the end of the month.