Cryptocurrency Market Volatility Spikes Amid US-Iran Conflict

The global cryptocurrency market is facing a period of heightened volatility due to the ongoing US-Iran conflict. As a result, several major cryptocurrencies are struggling to maintain their value.

Lombard, one of the top gainers in the past 24 hours, has experienced a significant pullback, falling by 3% at press time. This decline is attributed to the cryptocurrency's inability to surpass the R3 Pivot Point at $1.70, which capped its rally earlier this week.

Ethereum exchange-traded funds (ETFs) have seen significant inflows in recent days, with $169 million being recorded on Wednesday alone. This surge in interest is likely a response to the renewed institutional attention towards Ethereum amidst broader market volatility.