CoinScoopCrypto Market Declines Amid Geopolitical Tensions and Rising Yields
The crypto market capitalization dropped 2% to approximately $2.9 trillion on September 28 as President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz. Bitcoin fell toward $82,000, while Ethereum and XRP also saw declines. The market downturn is linked to rising oil prices and 10-year Treasury yields exceeding 5%, which have dampened investor appetite for risk assets.
Summaries are written by AI from the original article. Not investment advice.