The crypto market has seen renewed pressure on Sunday after escalating geopolitical tensions rattled global financial markets. The total capitalization went down 1.72 per cent in less than 24 hours, falling to $2.42 trillion. The recession was after the breakdown of diplomatic negotiations between the United States and Iran.

Crypto Market Slides 1.72% as U.S.–Iran Tensions Trigger Risk-Off Shift

The market sentiment dipped drastically following negotiations in Islamabad that could not yield an agreement on Iran nuclear program. 

The deliberations were reported to last almost 24-hours before it broke down. Soon after that, President Donald Trump declared a naval blockade of Strait of Hormuz. He said that U.S troops would be…