Polkadot Dives 7.9% Amid Macro Shock and Leverage Unwind

Polkadot's price dropped by 7.9% in the last 17 hours due to a broad, macro-driven crypto selloff and leverage unwind.

The market cap of total cryptocurrencies fell by 1.1%, with altcoins excluding Bitcoin down by about 1.4% over the same period.

This correction is tied to renewed Middle East tensions, higher oil and yields after President Trump rejected Iran's proposal to reopen the Strait of Hormuz, which raised inflation fears and hit risk assets including crypto.

Polkadot's price move was larger than other altcoins, but its direction and timing align with a macro-led selloff.