Cryptocurrency prices continue to languish as crude oil prices soar with no end in sight to the war in Iran.

Bitcoin (CRYPTO: $BTC) ended the week trading below $67,000 U.S., while Ethereum (CRYPTO: $ETH) fell to right around $2,000 U.S. per token. 

Smaller cryptocurrencies such as Solana (CRYPTO: $SOL) an XRP (CRYPTO: $XRP) also fared poorly amid a continued selloff in stocks and other risk assets. 

More From Cryptoprowl:

Ripple, The Company Behind XRP, Is Valued At $50 Billion

Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge

Blockchain Projects Decline 75% As Developers Shift To A.I.

Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance

New York Stock Exchange Invests $600 Million In Polymarket

Markets around the world turned lower after U.S. President Donald Trump delivered a speech in which he said the Iran war would last for several more weeks. 

Trump’s comments sent crude oil prices up more than 10% in a single day, putting pressure on stocks and crypto. 

West Texas Intermediate (WTI) crude oil, the U.S. standard, is now trading at $111 U.S. a barrel, nearly double its level from February of this year.  

Here are the other stories that impacted digital assets over the past week: 

Canada Bans Crypto Political Donations: Canada’s federal government has moved to ban cryptocurrency political donations as part of its new election integrity legislation. The government of Canadian Prime Minister Mark Carney is moving to shutdown cryptocurrency fundraising for political campaigns and national elections in the country.

Elon Musk Posts About Bitcoin: Tesla (NASDAQ: $TSLA) CEO Elon Musk generated buzz in crypto circles after he posted about Bitcoin on social media for the first time in about six months. On social media platform X, Musk shared an image of a dancer with the Bitcoin logo in the background. No comments accompanied the post. However, the post could indicate that Musk remains interested in the largest cryptocurrency.

Google Warns $100 Billion Of Ethereum Is At Risk: Google parent company Alphabet (NASDAQ: $GOOGL) warned that $100 billion U.S. of Ethereum is at risk from attacks by quantum computers. In a new paper, the technology giant warned that quantum computers could exploit at least five vulnerabilities in Ethereum. Specifically, Google estimates that the top 1,000 Ethereum wallets and at least 70 major smart contracts, including those backing key stablecoins, are vulnerable to quantum attacks.

CoinShares’ Stock Plunged 25% In Market Debut: The stock of crypto asset manager CoinShares (NASDAQ: $CSHR) fell 25% in its first trading day. CoinShares’ stock plunged out of the gate on April 1, the stock’s first day of trading on the Nasdaq (NASDAQ: $NDAQ) exchange. The company did not go public via a traditional initial public offering (IPO). Rather, CoinShares went public via a merger with a special-purpose acquisition company (SPAC).

Solana Platform Drift Lost $250 Million In Hack: Drift (CRYPTO: $DRIFT), a Solana-based decentralized finance (DeFi) platform, said it lost $250 million U.S. in a suspected hack. The crypto firm said that it is investigating “unusual activity” on its protocol and is urging users not to deposit funds while the review is underway. To contain the damage, Drift suspended withdrawals and deposits on its platform.

The Bitcoin Treasury Boom Unwinds: Companies that accumulated Bitcoin on their balance sheets as part of a cryptocurrency treasury strategy are now beginning to unwind their holdings. Several public companies that were seen as long-term holders of BTC are selling their crypto as prolonged price weakness hurts balance sheets. Analysts warn that sales could accelerate in coming months should Bitcoin’s price remain depressed or fall further.