The crypto market is showing signs of strength on Tuesday with bitcoin rising to $76,500, a gain of about 1% since midnight UTC.
The price spiked to around $77,000 at 9:45 a.m. before meeting a wave of spot sellers, who are probably protecting a potential breakout above Friday’s high of $78,300.
Ether (ETH) lagged behind bitcoin, rising just 0.3% to $2,320 as investors remained cautious around altcoins following the $290 million exploit on KelpDAO over the weekend.
Price action is still being dictated by the war in Iran, with the U.S. vice president due to travel to Pakistan for peace talks. A resolution is likely to lower oil prices, helping boost risk assets that have been inversely correlated since the war began.
U.S. stock…
