The native cryptocurrency of the Solana network has led a rebound in the cryptocurrency market after major tokens dipped amid concerns over a wider conflict in the Middle East.

Solana gained over 6% in the past 24 hours and was changing hands for $154.34 at 4:25 a.m. ET. Bitcoin increased 2.56% and ether gained over 5% in the same period, according to The Block's Price Pages. 

This was seen across the wider market. The total cryptocurrency market cap posted an increase of 4.0% in the last 24 hours, and is currently standing at $2.55 trillion, according to CoinGecko. The GM 30 Index, representing a selection of the top 30 cryptocurrencies, increased by 4.26% to 135.57 in the past 24 hours.

Sunday's QCP Capital report noted the recovery from Saturday's lows. "It is likely that …