Crypto market rises 2.5% to $2.38T as Iran de-escalation signals lift risk assets, with Bitcoin holding near $70K and altcoins gaining on renewed momentum.

TLDRThe crypto market is up +2.51% to $2.38T in 24h, primarily driven by a geopolitical de-escalation rally. It shows a strong correlation (66%) with the S&P 500 and (66%) with Gold, indicating a macro-driven relief move.

– Primary reason: Reduced geopolitical risk after US President Trump signaled the Iran conflict could end soon, lifting a major uncertainty overhang.
– Secondary reasons: A technical rebound in major Layer 1 assets like Ethereum, amplified by rotation into high-beta sectors like Perp DEX coins.
– Near-term market outlook: The rally could extend if Bitcoin holds above…