Solana, Ether and XRP lead broad crypto selloff as Iran strikes weigh on risk appetite

Large-cap cryptocurrencies moved lower across the board over the 24 hours covered by CoinDesk, as Iran strikes triggered a broad risk selloff. Solana, ether and XRP were among the major tokens leading the decline, while other high-beta cryptocurrencies also posted heavier losses. Bitcoin fell as well, but the high-beta majors surrendered roughly three times as much as bitcoin during the period. The move affected every large-cap token cited in the report, extending the weakness across the crypto market rather than limiting it to a single asset. For market participants tracking major crypto assets, the session highlighted a sharper reaction in higher-beta tokens than in bitcoin. The report identified bitcoin, Ethereum, Solana and XRP among the relevant large-cap assets, with the wider market also under pressure as risk sentiment deteriorated.