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Just caught up on the crypto market update from over the weekend - looks like the geopolitical situation really threw things off. Bitcoin had been climbing steadily after ceasefire news, hitting near $74K on Friday, but then tanked early Saturday when peace talks fell through. We're talking a sharp $2K drop in minutes once the news hit.
BTC is now sitting around $76.56K, down about 1.6% today. The whole altcoin market followed Bitcoin down - Ethereum slipped to $2.28K, XRP dropped to $1.39, and even BNB couldn't hold above $622. Solana lost more than 1.6% as well. The broader crypto market cap took a $30B hit and is hovering around that $2.5T range.
Interesting thing though - RAVE token completely ignored the selloff and kept pumping. That thing is up over 1,000% in the past couple weeks despite the market chaos. Definitely worth watching if you're looking for crypto market opportunities right now.
Geopolitical risk is always a wild card for markets. This crypto market update shows how quickly sentiment can flip when major news breaks. Curious to see if we stabilize from here or if there's more downside coming.