Amid geopolitical tensions between Israel and Iran, the market has experienced relief from selling pressure. This has positively impacted the cryptocurrency market, with Bitcoin maintaining its robust support above $60,000.
Arbitrum, a leading player in the Layer 2 space, is poised for a potential breakout as it holds a dominant position in Total Volume Locked (TVL) rankings. This dominant status enhances its potential for a price recovery, targeting the significant $1 mark.
Overall market conditions appear favorable for Arbitrum’s growth, supported by Bitcoin’s stability and the broader altcoin market's resilience. As such, investors are closely watching ARB’s trajectory for further developments in the near future.
