After the long-standing conflict in the Middle East took an unprecedented turn with the massive terrorist attack on Israeli soil, the majority of assets in the cryptocurrency market traded slightly lower, although Bitcoin (BTC) has stood relatively firm and recorded only marginal losses.
As it happens, much like other financial markets, the cryptocurrency sector failed to remain immune to the shockwaves of the recent Middle East developments, although this effect has so far been relatively mild by comparison to some others (like gold), according to the data on October 10.
Specifically, at press time, the crypto industry’s market cap stood at $1.074 trillion, its total market capitalization declining 1.56% in the last 24 hours, which also represents a decline of 1.47% in the last seven days, from around $1.09 trillion on October 3, as per the most recent information obtained from crypto monitoring platform CoinMarketCap.
Total crypto market cap 24-hour chart. Source: CoinMarketCap
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