Today (April 2nd), the overall cryptocurrency market shows a widespread decline, with geopolitical tensions being the main driver of the drop. After a brief rebound, the market quickly turned lower, and market sentiment remains in the "extreme panic" zone.

The specific performance of major markets is as follows:

· Bitcoin (BTC): Price at $66,606, down 2.29% over 24 hours. It briefly rose above $69,000 in the morning but was subsequently sold off due to Trump's comments about "closing the Strait of Hormuz for 2-3 weeks," causing risk assets to sell off and the price to break below the $67,000 support level.
· Ethereum (ETH): Price at $2,056, down 2.17% over 24 hours. Slightly more resilient than Bitcoin, staying above $2,000, but extreme analysis predicts that if macro support fails, there could be a deep correction in the future.
· Mainstream Layer1 Altcoins (Layer1): Solana (SOL) down 4.3%, BNB down 2.58%, overall following the market weakness.
· GameFi Sector: One of the few sectors to rise, up 0.71% over 24 hours against the trend. GMT increased by 4.61%, showing signs of risk-averse capital rotation or flight-to-safety.
· RWA and Meme Sectors: RWA sector down 1.71% (ONDO down 3.42%), Meme sector down 0.51%, high-risk assets under significant pressure amid capital outflows.
· Traditional Safe-Haven Assets: Gold down 2.90% (at $4,692), while crude oil surged 6% due to geopolitical conflicts (at $103.51). This breaks the traditional safe-haven logic, with the market showing an extreme risk-averse mode of "selling everything to switch to USD/oil."

Currently, the market is mainly driven by macro sentiment. Although ETF capital flows have not shown systemic anomalies, and the fear index has risen from 8 yesterday to 12, there are no signs of easing in geopolitical conflicts. Short-term market volatility is expected to continue intensifying, and it is recommended to closely monitor the latest developments in the Middle East.