Crypto Market Faces Setback Amid Geopolitical Turmoil
The global cryptocurrency market has seen a decline,now standing at $3.16 trillion, marking a 6.2% drop in the last 24 hours. This downturn is linked to rising geopolitical tensions between the U.S. and Iran, causing investors to shy away from risky assets.
Despite the overall drop, some cryptocurrencies are performing well. gains Network (GNS) saw a stunning 49.8% increase, while Poollotto.finance rose by 38.2%.The meme coin Banana For Scale also gained 21.3%. However, Reservoir rUSD (RUSD) plummeted by 50%, and others like Gorbagana and GAME by Virtuals faced significant losses.
Investors are turning towards safer options like the U.S. dollar, gold, and Treasury bonds.this move is driven by a lack of confidence in volatile assets during political crises. Analysts believe the U.S. Dollar Index’s slight decrease to 98.774 (<a href="
