HYPE briefly overtakes Dogecoin, privacy tokens slide as US strikes on Iran rattle markets
CoinDesk
Privacy tokens and HYPE experienced volatility as geopolitical tensions following US strikes on Iran influenced broader financial and crypto markets.Summary
Cryptocurrency markets saw a shift in momentum as privacy tokens like Zcash (ZEC) and Monero (XMR) pulled back due to profit-taking. Meanwhile, Hyperliquid's HYPE token briefly surpassed Dogecoin in market capitalization before correcting. The broader market remained cautious amid news that US forces conducted strikes in Iran, which pushed Brent crude prices higher and strengthened the US dollar. Despite these pressures, major assets like Bitcoin and Ethereum maintained relatively stable trading ranges.
(Source：CoinDesk)