Crypto Prices Soar as US-Iran Peace Deal Fuels Optimism

Cryptocurrency prices surged alongside stocks on Monday as investors reacted to news of a peace deal between the US and Iran, which is set to reopen the Strait of Hormuz.

The global market capitalization rose by 1.59% over the last 24 hours, reaching $2.27 trillion.

Cryptocurrencies such as Bitcoin, Ethereum, XRP, and Dogecoin experienced significant gains, with some notable exceptions like Dogecoin, which fell -0.83%. The price of Bitcoin rose to an intraday high of $67,248, while Ethereum topped $1,800.

The rally in stocks was led by the S&P 500, which climbed 1.65% to a record close of 7,554.29, and the Nasdaq Composite, which surged 3.07% to 26,683.94.