The crypto market is going up today, March 2, even as the geopolitical crisis in the Middle East escalated.
Summary
- The crypto market remained stable on Monday even as the war in Iran started.
- This rally happened as the economic impact of the crisis remained limited.
- The crypto recovery could be a dead-cat bounce, a situation where a falling asset rebounds temporarily.
Bitcoin (BTC) rose to nearly $70,000, while Ethereum (ETH) jumped to $2,065. Other top gainers were coins like Near Protocol, Morpho, Virtuals Protocol, Jupiter, and Pudgy Penguins. The market capitalization of all coins jumped to over $2.38 trillion.
