Crypto Market Shows Resilience Amid Geopolitical Tensions

The cryptocurrency market has shown remarkable resilience in the face of escalating geopolitical tensions in the Middle East.

According to a recent report by Bybit and Block Scholes, major cryptocurrencies such as Bitcoin and Ethereum have managed to recover from their initial dip after the outbreak of hostilities.

Despite this, options markets remain bearishly positioned across the volatility surface, indicating continued demand for downside protection.

However, the report notes that sentiment has moderated compared to the immediate aftermath of the conflict, suggesting that traders are becoming increasingly cautious.