The rest of the market followed the flagship. The Ethereum exchange rate added 6.3% overnight, rising to $2200 for the first time since mid-March, forklog.com reported.
Hyperliquid (+7.8% in 24 hours), XRP (+5.5%) and Solana (+5.8%) also stood out among the top 10 largest cryptocurrencies by capitalization.
The total value of the sector increased by 4.15% to $2.45 trillion.
The daily volume of liquidations exceeded $597 mln. Most of the losses came from short positions – $428.9 mln.
The popular market sentiment indicator recovered a bit – from 11 to 17 points. However, the indicator still remains in the extreme fear zone.
Source of positivity
The increase in risk appetite occurred due to the temporary truce between the United States and Iran. United States President Donald Trump said that the parties had agreed on a two-week ceasefire.
“The reason for the ceasefire is that we have met and exceeded all military objectives. We are now at an advanced stage of working out a long-term peace agreement with Iran. Iran has put forward 10 conditions and we consider them an acceptable basis for dialog,” he wrote on social network X.
Trump also released an official Iranian statement: Tehran guarantees safe passage through the Strait of Hormuz. Earlier, the blockage of this strategic route triggered sharp fluctuations in oil prices and disrupted global energy supplies.
Brent fuel fell in price by 15% to $92 per barrel. Similar dynamics showed futures on WTI, sagging by 16% – to $94.7. Before the ceasefire, oil was trading above $100.
Despite the sharp growth of the crypto market, analysts are not sure that the two-week truce will become the foundation for a change in the general trend.
“Uncertainty over the fulfillment of the terms, the threat of a new escalation and macroeconomic pressures could limit growth as investor sentiment reverses,” said LVRG director Nick Ruck.
Zeus Research analyst Dominic John added that a sustained rally will depend on stable macro conditions and structural capital inflows into the sector.
