Crypto Market Pulls Back Amid US-Iran Tensions and Surging Yields

The cryptocurrency market has seen a broad pullback, influenced by escalating US-Iran conflicts and surging Treasury yields. This pullback has affected various sectors, with the Meme sector being hit particularly hard, falling 3.18% in 24 hours.

Pump.fun (PUMP) dropped 8.41%, while OFFICIAL TRUMP (TRUMP) fell 6.42%. However, some tokens within this sector have bucked the trend, with Pons (PONS) rising 0.96% and Cash Cat (CASHCAT) increasing by 2.83%.

Bitcoin (BTC) also dropped, falling below $77,000 to a 2.15% decline, while Ethereum (ETH) declined 2.99%, slipping below $2,400.