Altcoins Resume Decline as Haven Appeal of Digital Assets Fades

Ether and Solana led declines in cryptocurrencies as concern about escalating conflict in the Middle East has investors moving away from risker assets.

Ether, the second largest cryptocurrency by market value after Bitcoin, fell as much as 8% before paring the decline. Solana fell more than 7% at one point, while Cardano’s decline reached as much as 8.5%. All the tokens had rallied Monday.