European Markets Under Pressure as Middle East Tensions Escalate

Cryptocurrency prices remain under pressure on Monday due to rising tensions in the Middle East. A recent attack by Israel and Iran has intensified headwinds for Bitcoin, Ethereum, and XRP, which are currently lagging behind the recovery. The conflict is a significant concern for market participants, who are now facing an additional layer of uncertainty amidst ongoing institutional selling and potential interest rate hikes by the Federal Reserve.

Despite these challenges, Hyperliquid (HYPE) price has shown resilience, rebounding 6% after gaining retail strength in the derivatives market. This recovery counters lingering downside momentum following last week's decline of about 25%. As a result, HYPE is now on track to regain some lost ground.