Why is the crypto market going up today?
Crypto market recovered as Bitcoin reclaimed the $100k level, following reports of a potential truce between Israel and Iran that may bring an end to the recent ongoing hostilities between the two nations.
On Monday, U.S. President Donald Trump announced that both nations have agreed to a full truce, which he said will bring an end to what he called “The 12 Day War.” The announcement helped calm investor fears and gave markets a reason to rally after a volatile weekend.
According to crypto.news, the global crypto market cap rose 2.8% to hit $3.39 trillion as of Tuesday afternoon in Asia. Bitcoin (BTC) surged 3.4% to cross $105k, while Ethereum (ETH) spiked 6.7% to reclaim the $2,400 level. Major altcoins followed…
