Crypto Market Sees Modest Recovery Amid De-Escalation Hopes

The cryptocurrency market showed signs of recovery on Monday after a tumultuous period, driven by growing optimism about the de-escalation of tensions between the US and Iran.

According to data from various sources, the crypto market rebounded 1.2% to $2.4 trillion in value, with major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) posting significant gains.

BTC rose by 1.4% to trade above $67,600 after plummeting to a four-week low earlier in the day, while ETH increased by 2.2% to surpass $2,000.

Other major cryptocurrencies like XRP (XRP), Solana (SOL), and Dogecoin (DOGE) also experienced gains between 1 and 2% each.