Crypto Altcoins Lead Slide as Geopolitics Spurs Haven Demand

Smaller, less liquid tokens such as Solana and Cardano led a decline in cryptocurrencies as financial markets shifted toward safety after Israeli airstrikes on Iranian nuclear targets.

Bitcoin, which accounts for more than 60% of the digital asset world’s market value, was little changed at around $105,600 after earlier dropping as much as 3%. Solana and Cardano were off by roughly 4%, after slumping as much as 8% and 6.7%, respectively.