Crypto Markets Experience Significant Uptick Following Ceasefire

The ceasefire between the U.S. and Iran has led to a significant shift in market conditions, causing liquidity to return to cryptocurrency markets.

Bitcoin, in particular, has seen a rebound towards $72,800 with over $33 billion in daily volume, while Ethereum has moved back into the $2,200-$2,250 range with volume above $14 billion.

This increased activity is not limited to these two assets, as the U.S. Strategic Crypto Reserve also sees its value increase due to their rising prices.

According to Farside data, Spot Bitcoin ETFs have recorded over $240 million in a single day, pushing weekly totals to over $816 million and cumulative flows above $56 billion.