Crypto
Tron TRX Tumbles Amid US-Iran Tensions and Fearful Crypto Market
The Tron (TRX) token remains in a neutral-to-bearish tone, trading above $0.32 at the time of writing on Thursday.
Despite recent signs of inflation easing in the United States, the ongoing war between the US and Iran is prompting investors to reassess their exposure to risk assets.
The Fear & Greed Index shows crypto market sentiment in Fear territory, with a minor drawdown from 33 to 31 on Thursday.
Tron's gasless USDT transactions have been gaining traction, reaching $3 billion in the first week of May and $2.9 billion in the last week of June, according to CryptoQuant.