Cryptocurrencies escaped the wave of risk aversion that dominated risk appetite on Thursday for riskier assets, led by global equities, which were hit by a broad wave of declines as the risk of conflict in the Middle East increased.
On Thursday, all major global indices and bourses were in the red, as major indices in Asia closed in the red, while European markets opened in the red, and US futures traded in the red.
Adding to the uncertainty, the recent wave of volatility stemming from the Israel-Iran conflict has pushed the Chicago Mercantile Exchange (CBOE) volatility index above 20, a level roughly equivalent to its long-term average.
3.26 trillion
Meanwhile, the market capitalization of cryptocurrencies is hovering near Wednesday's levels, at $3.26 trillion, recording a limited rise of $30 billion or 0.5%.
Meanwhile, the CMC Crypto Fear and Greed Index stabilized at 48 points, which reflects a neutral sentiment towards risk-taking.
The Fear and Greed Index measures the psychology and risk appetite of traders in the cryptocurrency market, usually following the performance of tech stocks on Wall Street, as well as the trends of Bitcoin, the largest cryptocurrency by market capitalization.
"Bitcoin
◄ The largest cryptocurrency "Bitcoin" succeeded in exceeding the levels of 105 thousand dollars, after increasing 1%, after trading around 46 billion dollars, down 10% from yesterday's trading.
◄ Since the beginning of the year, Bitcoin is up 12.3%, while in 7 days it is down less than 7.4%, while in 30 days it is up 1%.
◄ Bitcoin is still down more than 6% from its all-time high recorded on May 22 when it hit $111.9k per token.
Major currencies
◄ Ethereum, the largest altcoin and second-largest cryptocurrency, rose 2% at $2,540 with a market capitalization of $307 billion.
◄ XRP (Ripple) increased by 1.6%, and in the latest trading, it recorded levels of $ 2.16 with a market capitalization of $ 127.3 billion.
◄ Binance's BNB, the world's largest cryptocurrency exchange, rose less than 1% at $644, with a market capitalization of $91 billion.
◄ The Sol coin (Solana) rose 0.3% to $146 per token with a market capitalization of $77 billion.
◄ TRX (TRON) rose 1.5% to $0.2744 per token with a market capitalization of $26 billion, ranking eighth among the largest currencies by market capitalization.
◄ Elon Musk-backed Doge (Dogecoin) rose 2% to $0.1696, with a market capitalization of $25.4 billion, ranking ninth among the largest coins on the market.
◄ Ada (Cardano) fell 0.2% to $0.5998, with a market capitalization of $21 billion.
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