Cryptocurrency Market Slumps Amid Geopolitical Tensions

The cryptocurrency market has been shaken by recent events, leading to a significant decline in prices. Bitcoin, the largest cryptocurrency by market capitalization, has fallen below $71,000, down 3.72% in 24 hours and 7.97% on the week.

Ethereum is also feeling the pressure, sitting just below the psychologically significant $2,000 level at $1,996, down 4.68% on the week. Other major assets such as XRP, Solana, and Cardano have all posted losses, with some experiencing more dramatic drops than others.

The only notable exception to this trend is Hyperliquid, which has managed to rise 23.54% in value over the past seven days despite the broader market downturn.