Geopolitical Tensions in Iran Trigger Sell-off in Risk Assets, Crypto Markets Decline
Global risk assets faced downward pressure following U.S. airstrikes in Iran, leading to a broad decline in the cryptocurrency market. Over the past 24 hours, major tokens saw significant losses, with Solana and Tron falling over 3%, Ethereum dropping approximately 2%, and XRP declining nearly 2%. Bitcoin experienced a milder dip of about 1%, trading near $77,500. Macroeconomic factors, including rising Brent crude oil prices and U.S. 10-year Treasury yields reaching 4.81%, have heightened investor concerns regarding inflation and interest rates. CME FedWat
Not investment advice.