#CryptoNewss The cryptocurrency market is experiencing a significant downturn due to rising tensions between the US and Iran, prompting investors to seek safer assets. The global cryptocurrency market cap dropped 6.2% to $3.16 trillion in 24 hours, with investors shifting focus from riskier assets like cryptocurrencies to traditional safe havens such as the US dollar and gold.

Notable Gainers:

Gains Network: surged by nearly 50%

Poollotto.finance: rose by over 38%

Notable Losers:

Reservoir rUSD: plummeted by 50%

The current market sentiment reflects a broader trend where geopolitical crises lead to increased uncertainty, causing investors to prioritize security over volatility. Macroeconomic factors, such as rising oil prices and potential central bank rate hikes, further dampen the appetite for risk assets ¹.