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Just because Bitcoin has made an interesting rebound and is approaching $80,700 after the latest news about the situation in Iran. It's crazy how geopolitics can really impact crypto, causing it to fall or rebound within a few hours.
But well, while BTC is recovering, it's the opposite for altcoins at the moment. Ethereum, Solana, and Dogecoin are really taking a hit — we're talking about a pretty significant crypto drop for these three. ETH is around $2,330, SOL is trading at $95, and DOGE at $0.11. That’s quite a contrast to Bitcoin’s upward movement.
It's typical of what we often see when there are geopolitical tensions — investors flock to Bitcoin as a safe haven, while altcoins suffer a crypto decline. Small traders are probably exiting riskier positions right now. We'll see if this dynamic holds or if it's just a temporary correction.