In a turbulent market, Ethereum has managed to cross the 2,200 USDT threshold, trading at 2,209.71 USDT, despite a 3.61% decline in the last 24 hours. This surge comes amid a broader 6.2% drop in the global cryptocurrency market cap, which now stands at $3.16 trillion, largely driven by escalating geopolitical tensions between the U.S. and Iran. Investors are increasingly shifting towards safer assets, with total trading volume reaching $148 billion. While some altcoins like Gains Network and Poollotto.finance have seen significant gains, others like Reservoir rUSD and Gorbagana have faced steep declines. The current market sentiment reflects a cautious approach as investors prioritize security over volatility during times of geopolitical uncertainty. This situation highlights the crypto market’s sensitivity to global events, as rising oil prices and potential central bank rate hikes further dampen investor confidence in riskier assets. Overall, the recent developments underscore the ongoing challenges faced by cryptocurrencies in maintaining stability amidst external pressures.

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