The crypto market is going down today as traders reacted to the rising geopolitical tensions in the Middle East and Exchange Traded Funds (ETF) outflows. Crypto market going down as geopolitical tensions riseBitcoin and most altcoins are dropping, with Ethena, Dash, Uniswap, Sei, Morpho, Flare, and Avalanche, which tumbled by over 6%. The demand for Bitcoin and crypto ETFs has wanedThe crypto market is falling as demand from investors continues to wane. Crypto volume and futures open interest has tumbledThe crypto market is going down because of the ongoing weak demand in the spot and futures markets. Crypto futures open interest | Source: CoinGlassEthereum’s futures open interest has dropped to $28.3 billion from last year's high of over $60 billion.

Source: CNN April 02, 2026 11:18 UTC