Bitcoin surges amid rising geopolitical concerns; Ethereum and Altcoins experience mixed performance
Israel attacked Iran in a continuing series of assaults that have increased concerns of a wider Middle East conflict.
As of 10:36 am IST, Bitcoin was trading 0.9% higher at $62,200. Meanwhile, Solana (3.8%), Toncoin (13%), Chainlink (1%), and Internet Computer (4.3%) were also trading higher.
On the other hand, Ethereum was down 0.4% at $3000. BNB (-1.1%), XRP (-1.5%), Cardano (-1%), Shiba Inu (-0.7%), and Avalanche (-1%), Tron, Polkadot were also trading in the red.
Edul Patel, CEO of Mudrex, said, «With increasing geopolitical tension between the two countries investors are moving risk-off sentiment in financial markets seeking safer investments. Additionally, US Fed Chair Jerome Powell signaled delayed interest rate cuts further adds pressure.»
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View Details»Meanwhile, CoinDCX Research Team, said, «Market sentiment is volatile due to updates on the Iran-Israel conflict, so traders should exercise caution.»
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Currently, the total volume in DeFi stands at $7.01 billion,
