The recent conflict between Iran and Israel generated more than geopolitical tensions. The impact extended to the cryptocurrency market, which saw a sharp slowdown. Bitcoin, the undisputed giant of the sector, fell 8% on Saturday, representing the biggest drop since March 2023.

On Sunday, the scenario was a slight recovery, with Bitcoin trading at around US$64,000. However, other major digital currencies such as Ether, Solana, and Dogecoin have also experienced significant drops in the last 24 hours. The global crypto market capitalization is $2.33 trillion, down 4.49% in the last day.