The crypto market rose 2.4% to $2.51 trillion on Friday primarily due to a shift in global risk sentiment following signals of potential de-escalation in the Middle East.
Summary
- Crypto prices rebounded on Friday after crude oil prices retreated following multi-year highs.
- A wave of short liquidations across leveraged markets and back-to-back inflows into major crypto ETFs also supported the recovery.
Bitcoin (BTC), the leading crypto asset by market cap, rallied nearly 4%, hitting close to the $72,000 mark. Ethereum (ETH) was up 4.3% over the past day, trading at $2,100 when writing. Other major crypto assets, such as BNB (BNB), XRP (XRP), Solana (SOL), and Dogecoin (
