Crypto Market Declines to $2.3 Trillion Amid Rising Yields and Geopolitical Risk

The recent decline in the crypto market can be attributed to a combination of factors, including rising bond yields and geopolitical tensions.

Rising 10-year U.S. Treasury yields have reached their highest level since July, making riskier assets like cryptocurrencies less attractive to investors.

Additionally, ongoing tensions between the United States and Iran have added uncertainty to the market, leading to a reduction in exposure to volatile assets.