The crypto market has begun to recover following a ceasefire announcement between Iran and Israel. Bitcoin and other cryptocurrencies have shown significant growth.
Cryptocurrencies Recover After Ceasefire Announcement
Bitcoin price surged from lows below $100K and marked a daily high above $106K, elevating market capitalization above $3.24 trillion. Moreover, market sentiments shifted from fear to neutral, indicating growing confidence among participants.
Top Cryptos React to Political Developments
As the conflict escalated, Bitcoin and other cryptocurrencies faced significant sell-offs driven by market uncertainty. However, following U.S. President Trump's ceasefire announcement, markets began to recover, with top tokens like Bitcoin, Ethereum, and XRP rebounding sharply.
Growth in AI and Crypto ETF Sector
Crypto ETFs also experienced positive inflows, with institutions accumulating over $327 million worth of BTC and over $100.7 million in Ethereum. Meanwhile, open interest continues to decline, suggesting traders may be opting out, reflecting cautious sentiment.
The crypto market is experiencing relief driven by external factors. Participants remain vigilant, as geopolitical events could significantly influence prices.
