India, June 12 -- Cryptocurrencies are trading deeply in the red amidst an escalation in geopolitical tensions in the Middle East.
Overall crypto market capitalization has decreased 2.3 percent in the past 24 hours. It is currently at $3.38 trillion. The 24-hour trading volume has decreased close to 4 percent overnight to $129 billion.
In tandem with the risk aversion, the CMC Crypto Fear and Greed Index, a proprietary tool developed by CoinMarketCap to measure the emotional state of the market eased to 61 from 65 a day earlier. It nevertheless remains in territory denoting "greed".
Bitcoin erased 2.2 percent overnight to trade at $107,432. It is currently trading 4 percent below the all-time-high of $111,970 recorded on May 22. The orig...