Cryptocurrency Market in Decline Amid Geopolitical Tensions

The cryptocurrency market is facing a downturn due to the ongoing geopolitical tensions in the Middle East. The recent attacks between the United States and Israel have led to increased uncertainty, causing oil prices to rise and the traditional market to turn bearish.

As of press time, the overall market cap has decreased by 0.16% to $2.29 trillion, with the trading volume down 1.91% to $100.36 billion. The fear and greed index is in the extreme fear zone at an index of 15.

Solana (SOL) is currently trading at around $85.24, with a 0.55% increase in the past day. Its trading volume has decreased by 1.65% to $4.72 billion, while the market cap stands at $48.55 billion. SOL is up 8.76% in the past week.

Solana is trading inside a tight range in the three-week triangle. The price is holding near $84.06 as volatility keeps compressing. Buyers are pushing from $82.85 and $81.48 while sellers have capped rallies near $88.60 and $90.01. A clean break above $88.60 would signal a bullish control.

Hyperliquid (HYPE) is currently trading at around $32.33, with a 6.26% increase in the past day. Its trading volume has decreased by 9.76% to $334.8 million, while the market cap stands at $8.34 billion.

Hyperliquid is recovering after a sharp February rebound. The market has reclaimed the $30 zone and now treats it as its support. The next barrier stands near $35, and above that, the $37.5 marks a major supply ceiling where sellers stepped in before.

Ethereum (ETH) is trading at $1,967, representing a 2.16% decrease over the past 24 hours. The market cap stands at $237.4 billion, while the trading volume has increased by 3.94% to $23.58 billion.