This week, the cryptocurrency market faced increased volatility due to geopolitical events, including the Israel-Iran conflict. Learn about key news and price changes in the market.

Geopolitical Uncertainty and Cryptocurrencies

The cryptocurrency market has shown increased volatility this week amid geopolitical uncertainty, such as the Israel-Iran conflicts. The Fear & Greed Index fell to 41, although the global market cap slightly increased by 0.34% to $2.16 trillion. 24-hour trading volumes fell by 43%, indicating reduced activity amid global unpredictability.

Key News of the Week

Several significant events occurred this week in the crypto industry: - The SEC filed an appeal against the ruling in the Ripple case, while Bitwise proposed an XRP ETF. - Ripple received in-principle approval from the Dubai Financial Services Authority to expand its operations in the region. - Coinbase announced its intention to delist Tether and other stablecoins by the end of 2024. - SWIFT announced the launch of crypto transaction trials next year. - Robinhood expanded its European operations by enabling users to deposit and withdraw cryptocurrencies. - LEGO swiftly handled a hacking incident by removing a fake token from its website.

Market Leaders and Outsiders

Last week, some cryptocurrencies showed significant gains, while others suffered losses: - Leaders of the week: FTX Token (FTT) +48.7% to $2.45; Popcat (POP) +32.28% to $1.23; Wormhole (WORM) +13.44% to $0.342. - Outsiders of the week: Ethena (ENA) -20.96% to $0.2847; Notcoin (NOT) -20.46% to $0.07305; Lido DAO (LDO) -19.30% to $1.05.

The week was rich in events, both in terms of news and cryptocurrency price dynamics. The decline in trading volumes may indicate market uncertainty, but positive developments such as Robinhood and SWIFT's successes could attract market participants' interest.