Bitcoin and Other Cryptocurrencies Take a Hit: Bitcoin's price has dropped by 3.5%, falling to $63,200. Similarly, the top 10 altcoins, including Solana which fell by 12% to $136, have also seen declines. These drops are largely due to growing concerns about the geopolitical tensions in the Middle East and changes in U.S. monetary policy.
Growing Interest in Select Altcoins: In contrast, Ethereum and Beam have caught the crypto community's eye. Ethereum has been in the spotlight since the approval of ETH ETFs in Hong Kong, while Beam has gained traction with its new gaming project and a notable partnership with Sophon.
USDT Emerges as a Safe Haven: Amidst the market downturn, many investors are turning to USDT, a stablecoin, which is now the third most-watched coin, according to Santiment data.
CORE Gains Ground: Defying the market downtrend, the CORE token surged by 30% in just 24 hours. This spike is linked to the excitement around the upcoming Core Ignition event.
These trends highlight a shift in investment strategies, with a growing focus on assets seen as safe or having significant growth potential.