Crypto Market Slumps Further Amid Geopolitical Tensions

The uncertainty led by the rising geopolitical tensions amid the war between Iran and Israel is influencing the crypto market. In this respect, the total crypto market capitalization has reached $3.15T after a 1.48% dip. Additionally, the twenty-four-hour crypto volume stands at $108.67B following a 5.14% dip. At the same time, the crypto Fear & Greed index accounts for 40 points, indicating a neutral position.

Bitcoin and Ethereum Witness 0.53% and 5.43% Dips

The top crypto asset, Bitcoin ($BTC), has gone through a minor dip of 0.53% as its price has reached $102,849.36. In addition to this, its market dominance is 64.8% at present. Along with that, the flagship altcoin, Ethereum ($ETH), displays a 5.43% decline, with its price touching the $2,291.59 mark. Concurrently, Ethereum’s market dominance is approximately 8.8%.

$CATX, $FTW, and $BPX Lead Top Crypto Gainers

Simultaneously, CATX ($CATX), Black Agnus ($FTW), and Black Phoenix ($BPX) are the top names among the crypto gainers. Thus, $CATX is changing hands at $0.000007212 after a 2360.77% price rise. After that, $FTW has recorded a 2146.91% upsurge to reach $0.00000009150. Subsequently, $BPX is trading at $2.26, denoting a 1429.77% price increase.

DeFi TVL Plunges by 3.02% and NFT Sales Volume Drops by 0.08%

The decentralized finance (DeFi) sector also presents an analogous outlook with a 3.02% dip as its TVL has reached $106.162B. Keeping this in view, the top DeFi project, AAVE , has witnessed a 4.27% decline that has pushed its TVL down to $23.659B.

In the same vein, the non-fungible token (NFT) market is also 0.08% down as the sales volume now stands at $13,814,530. Specifically, SXY has taken the top position among the top-selling NFT collections, with its sales accounting for $6,602,254.

France Plans Strategic $BTC Reserve While Norway Imposes Restrictions on Bitcoin Mining

Overall, while the Iran-Israel conflict is taking an aggressive turn with the U.S. airstrikes, many other developments are also impacting the crypto world. In this respect, France is planning a strategic Bitcoin ($BTC) reserve in partnership with Jan3.

Moreover, Norway has imposed restrictions on Bitcoin ($BTC) mining. Furthermore, Jaz Gulati (Garden Finance’s Founder) has denied blockchain investigator ZachXBT’s accusations concerning potential involvement in Bybit attack and other illegal activities.