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