Israel-Iran Tensions Impact Crypto Markets, XRP & Solana See Positive Influence Despite Overall Decline

The ongoing tensions between Israel and Iran have triggered a negative impact on the cryptocurrency market. Bitcoin (BTC), Ethereum (ETH), and altcoins saw significant declines as investors reacted to heightened geopolitical risk in the Middle East. After reaching a low point of $103,000, Bitcoin managed to recover slightly to $104,600. The decline also affected other altcoins, with Ethereum down 8.8% and XRP down 5%, while Solana saw a drop of 9%. 🤯 However, despite the market downturn, one analyst believes that XRP and Solana are gaining traction from positive developments, even amid rising geopolitical tensions.