Bitcoin Facing Geopolitical Tension, While TON, NEO and GALA Outperformed Market -Featured Image

Bitcoin Facing Geopolitical Tension, While TON, NEO and GALA Outperformed Market

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On the morning of Friday, the crypto market is experiencing volatility and fluctuations in all major cryptocurrencies. The increasing geopolitical tensions between Iraq and Iran led bitcoin to fall under $60K as investors money flowed towards gold and  bonds. The bitcoin halving is coming in 18 hours. but market sentiments are not looking bullish enough to celebrate the event.

Meanwhile, coming in as top gainers, the prices of Toncoin (TON), Neo (NEO), and Gala (GALA) are showing impressive gains today.

Current prices Bitcoin (BTC) and Ethereum (ETH) :

Bitcoin (BTC), the flagship cryptocurrency, experienced a modest uptick of 1.17% in the last 24 hours, reaching a price of $62,431. With a market capitalization soaring to $1.23 trillion.

Ethereum (ETH), its closest contender, witnessed a slight dip of 0.46%, trading at $3,002 with a market cap of $360 billion.

Top Gainers of the Day:

Top-Gainer
Source: Coinmarketcap
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  1. TON (Toncoin): TON, the native token of the Telegram ecosystem, has surged by 12.25% to $6.798 within the last 24 hours. The market cap for TON stands at $23.61 billion.
  2. NEO: NEO’s price has surged by 11.87% to $18.91 in the last 24 hours. The market cap for NEO stands at $1.33 billion.
  3. GALA: The gaming token GALA has seen a surge of 7.92% to $0.4424 within the last 24 hours. The market cap for GALA stands at $1.34 billion.

In summary, Bitcoin’s performance, particularly in the context of geopolitical tensions, plays a significant role in shaping the overall cryptocurrency market. Meanwhile, alternative tokens like TON, NEO, and GALA showcase impressive gains.

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