Dash (DSH) is adding 4.4% to $18.58 on Monday, outperforming the broader crypto market, where Bitcoin (BTC) is rising by 2.3% to $101,478. However, this gain reflects a partial recovery after a weekend drop triggered by escalating geopolitical tensions. The U.S. conducted airstrikes on Iran's nuclear development sites, prompting fears that Iran might retaliate by closing the Strait of Hormuz — a critical route for over 20% of global oil shipments. Dash dropped by 10.8% to $17.33, marking a new all-time low on those concerns.
Markets now appear to be discounting the worst-case scenario of a full blockade, allowing both stock indices and cryptocurrencies to recover. Dash must capitalise on this improving sentiment and push back above the $20.00 mark to avoid renewed downside risk, which could otherwise take it as low as $10.00.
