Why is the crypto market up today?
- The cryptocurrency market rebounded from a weekend dip, with Bitcoin, Ethereum, and XRP rising by 5%, 9%, and 7%, respectively.
- The recovery comes as President Donald Trump announced that Israel and Iran have agreed to a complete ceasefire.
- Iran earlier launched a “de-escalatory” missile attack on a US military base in Qatar.
The cryptocurrency market made a comeback on Monday, rebounding from a weekend dip as top assets, including Bitcoin (BTC), Ethereum (ETH), and XRP, staged a recovery. The rebound follows United States (US) President Donald Trump’s statement that Israel and Iran will each conduct a 12-hour ceasefire, after which the war threats will come to an end.
