Cryptocurrency Market Experiences Broad Decline Amid Geopolitical Tensions

According to PANews, the cryptocurrency market witnessed a significant downturn influenced by rumors of U.S. involvement in conflicts and escalating tensions in the Middle East. Data from SoSoValue indicates that the AI sector saw a 5.32% decline over the past 24 hours, with notable drops in RENDER and VIRTUAL, which fell by 6.01% and 7.66% respectively. Bitcoin (BTC) decreased by 2.26%, falling below $105,000, while Ethereum (ETH) dropped 2.49%, hovering around $2,500. Other sectors also showed weak performance, including DeFi with a 4.20% decline, Layer2 down by 4.39%, and NFTs falling by 4.84%. Despite the overall negative trend, some assets like Bitcoin Cash (BCH) and TON demonstrated resilience, with BCH rising by 5.32% and TON slightly increasing by 0.07%.