The cryptocurrency market is experiencing significant volatility due to rising geopolitical tensions between Israel and Iran. Bitcoin has been testing key support levels, currently hovering around $61,000 after dipping to $60,300. Altcoins have also seen substantial declines, with XRP plunging 14.2% and Ethereum dropping 5.59% to $2,345. Solana has also decreased by 7% to $135. The overall market capitalization has decreased by 3.75% to $2.20 trillion, while Bitcoin's market dominance has increased to 54.02%. The market sentiment has shifted to 'Fear', as indicated by the Fear & Greed Index at 37. The SEC's decision to appeal a court ruling has further impacted XRP, causing an 11% drop. Additionally, the market saw $530 million in liquidations on October 1. President Biden's support for Israel's plan to strike Iranian oil facilities has exacerbated market fears of a broader conflict. Despite the turmoil, some assets like Krypto Harris have surged by 128%. Analysts suggest that Bitcoin's reaction to geopolitical risks may present a buying opportunity.