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The crypto market surged after Trump delayed the Iran ultimatum.
The cryptocurrency market surged by $70 billion after Trump delayed the Iran deadline and raised the possibility of a deal, easing investor fears surrounding the Middle East conflict.
The total crypto market capitalization rose by approximately 2.5% to $2.44 trillion, an 11-day high. The rise came amid conflicting statements from the US President about negotiations with Iran and a possible cessation of hostilities. Bitcoin, meanwhile, rose to $69,568 on the Bitstamp exchange.
The surge was driven by both harsh threats and statements about negotiations. On the social media platform TruthSocial, Trump wrote that Iran would "live in hell" if it did not open the Strait of Hormuz, through which a significant portion of the world's oil passes.
However, in a later interview with Fox News, he stated that negotiations were already underway and an agreement could be reached within 24 hours. It was this combination of pressure and diplomacy that led to the crypto market's recovery.
#btc #usdt #ltc #xrp #oil. $GT $ETH $SOL
Fear and Greed Index - 14
Altcoin Season Index - 43
Market Capitalization - $2.34 trillion
Thoughts on coins
📉 Short candidates:
— TRU
— BULLA
📈 Long candidates:
— BNB
— AAVE