Cryptocurrency Markets Remain Steady Amid Global Tensions

Cryptocurrency markets are being affected by the ongoing global tensions between the US and Iran. Despite the rising oil prices, Bitcoin has remained steady above $67,000. Ethereum and TRON are also gaining in value.

The proposed US CLARITY Act could further reduce DeFi liquidity and volumes. This act aims to ban stablecoin yield, which could impact decentralized exchanges and lending protocols. Circle, however, stands to gain as USDC gets more deeply embedded into the payment infrastructure.