Decreased military tension between Iran and Israel has triggered the growth of digital assets

The digital asset market is showing cautious growth. Cryptocurrency experts from CoinMarketCap suggest that the industry’s revival is taking place amid a decline in the escalation of the conflict in the Middle East between Iran and Israel.

About 50 cryptoassets included in the priority rating of the CoinMarketCap platform by capitalization have entered the green zone. The flagship cryptocurrencies, bitcoin BTC $61,753.58 Bitcoin -0.89% Market capitalization $1.22 trillion VOL. 24 hours $0.51 billion and ethereum ETH $2,394.51 Bridged Ether (StarkGate) -1.29% Market capitalization $0.18 billion VOL. 24 hours $0.25 billion , are gradually recovering from the drops that the virtual coins experienced over the weekend.

Over the past day, the market value of BTC has increased by 3% and ETH by about 7%. Network analyst Willie Wu states that the crypto market’s reaction to Iran’s strikes on Israel is similar to the events of February 2022, when the basic digital assets plummeted by more than 10% amid the start of a full-scale military aggression by the terrorist state of the Russian Federation against Ukraine. Then the main crypto assets quickly recovered in a few trading sessions. The expert suggests that the industry may soon witness something similar.

In general, the capitalization of the digital asset market increased by 4.45% to reach $ 2.43 trillion. The fear and greed index has been gradually declining over the past seven days to 65%, which demonstrates the restrained behavior of market speculators and moderate investment interest in crypto assets.