According to Bloomberg, amid escalating tensions between the United States, Israel, and Iran, the cryptocurrency market has served as a channel for risk hedging over the weekend. During the closure of traditional markets, Hyperliquid's perpetual crude oil contracts saw an approximate 5% increase, reaching $70.6 per barrel. Perpetual contracts for gold and silver also rose by approximately 1.3% and 2%, respectively, settling at $5,323 per ounce and $94.9 per ounce. The 24/7 trading advantage of perpetual contracts has become evident amidst market uncertainty, drawing increased attention to round-the-clock on-chain trading.

#crypto #blockchain #news