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Total Crypto Market Cap Back Above $2.5T: $80K BTC USD Next?

Total Crypto Market Cap Back Above $2.5T: $80K BTC USD Next?

Crypto continues to flourish following news of a ceasefire between Iran and the US, with the combined market cap back over its crucial $2.5 trillion level, which has often served as a springboard for a run toward $3 trillion. BTC USD continues to lead the way with another +6% daily pump, taking it to $72,500.

To confirm the renewed positive sentiment surrounding the market, the crypto Fear & Greed Index has more than doubled since last week, sitting at 17/100, and while that still represents ‘Extreme Fear’, it is up from 8/100 just four days ago.

With news of the ceasefire, oil prices have tanked, as crude fell from $112 yesterday (April 7) to just over $94 today. The Strait’s reopening has taken the pressure off oil and…

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