The cryptocurrency market has experienced a notable surge on May 5, 2026, with Bitcoin holding steady near $81,000 and several altcoins edging higher.

This upward movement is primarily attributed to a de-escalation of geopolitical tensions in the Middle East, specifically reports of a cooling conflict between the U.S. and Iran, News.Az reports, citing Crypto News.

This shift has led to a drop in Brent crude prices to approximately $107 per barrel, reducing oil-linked inflation fears and restoring investor appetite for riskier assets.

Technical factors have also played a significant role, as Bitcoin reclaimed its bull market support band for the first time in six months, a move…