The crypto market rose 4.3% on Tuesday, moving above the $2.6 trillion mark after reports emerged that Iran could be considering ending the war, as the U.S. naval blockade on Iranian traffic through the Strait of Hormuz continues to apply pressure.
Summary
- Crypto market cap jumped 4.3% above $2.6T as easing U.S.-Iran tensions boosted risk appetite.
- Bitcoin hit a 4-week high near $74.8K while $430M in short liquidations accelerated the rally.
- Cooling U.S. inflation data strengthened rate cut hopes, further supporting crypto prices.
Bitcoin (BTC) price rallied nearly 6% to a 4-week high of $74,788 today before paring off some of its gains and settling at $74,279 at…
