CDS Crypto News Geopolitical Tensions Sank the Sector, but Solana Spearheaded the Recovery
Crypto News

Geopolitical Tensions Sank the Sector, but Solana Spearheaded the Recovery

Solana spearheaded the recovery, and the cryptocurrency market recovered a bit.

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Geopolitical Tensions Sank the Sector, but Solana Spearheaded the Recovery

Crypto News – After major tokens fell due to worries about a wider crisis in the Middle East, the native token of the Solana network has led to a recovery in the cryptocurrency market.

Geopolitical Tensions Sank the Sector, but Solana Spearheaded the Recovery

In the previous 24 hours, Solana had risen more than 7.48% and was trading for $144.53. According to The Block’s Price Pages, Ether gained more than 3.11% while Bitcoin grew by 0.61% throughout that time.

According to CoinGecko, the entire market capitalization of cryptocurrencies increased by 3.91% in the previous day and is now valued at $2.42 trillion. A selection of the top 30 cryptocurrencies is represented by the GM 30 Index, which rose by 3.76% to 130.65 over the course of the previous day.

It is likely that bitcoin was used as a weekend proxy macro hedge and therefore bore the full brunt of the immediate risk-off reaction at the weekend. Bitcoin has since traded back above $64,000 and ether is above $3000,

QCP Capital analysts
Geopolitical Tensions Sank the Sector, but Solana Spearheaded the Recovery
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Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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