Cryptocurrency Market Declines Amid Geopolitical Tensions, Investors Cautioned

Cryptocurrency markets have seen significant declines as profit-taking has emerged, with Bitcoin dropping below $84,000 and Ethereum losing its footing at $2,000. The total market capitalization decreased by 3.2% in the past 24 hours, reflecting broader market volatility influenced by geopolitical tensions and economic concerns in the U.S. The Crypto Fear & Greed Index has also shifted dramatically, indicating a wave of fear among investors, now standing at 31. Despite these declines, there are pockets of strength; for instance, the SocialFi sector has reported gains. Regulatory clarifications from the SEC regarding crypto mining have not bolstered market sentiment, and experts urge caution as investors navigate these turbulent conditions.