Recent volatility in cryptocurrency markets, sparked over the weekend, has caused a shift towards safe haven assets. Bitcoin is currently hovering around $81,500, experiencing continued downward pressure, while XRP and Cardano witnessed notable declines of about 5% within the last 24 hours. The overall market sentiment remains cautious as investors grapple with geopolitical uncertainties that are driving risk aversion. The recent drop in crypto markets has also impacted traditional financial instruments such as stock and currency markets. Stock indices across regions experienced significant losses, including a sharp decline in Hong Kong’s Hang Seng index and the Nikkei 225 in Japan.