Crypto markets rallied on Wednesday as oil momentarily slipped below $100 per barrel after U.S. President Donald Trump said the war in Iran will end in “two to three weeks.”
Bitcoin trades at $68,500 having risen by 0.4% since midnight UTC and 3.1% over the past 24 hours, while ether ($ETH) is back at $2,130 after a brief stint below $2,000 last week.
The broader crypto market remains in a downtrend dating back to October, although sentiment has shifted slightly following a period of consolidation between $62,500 and $75,000 since early February.
A selection of altcoins have performed particularly well, notably algorand ($ALGO), which is up by 22% in the past 24 hours as it bounces back from oversold territory.
