Crypto Markets Defy Macro Volatility with Strong Gains Amid Global Tensions
Cryptocurrency markets have shown resilience in the face of macro volatility, logging strong monthly gains despite global tensions.
According to a CNBC TV 18 report, Bitcoin has surged 24% over the past month, while Ethereum and Cardano have seen significant gains as well. Solana stands out with a 38% increase in value over the same period.
The US Treasury's pressure on exchanges to freeze Iran-linked accounts is also affecting crypto markets, but this move has not deterred adoption in hyper-inflationary regional economies like Turkey and Egypt.