Crypto Market Surges as Trump Halts Military Operation

The global cryptocurrency market has experienced a significant surge, reaching $2.8 trillion in total capitalization over the past 24 hours.

Bitcoin has been a major beneficiary of this growth, climbing above $82,800 as signs of de-escalation between the US and Iran have increased risk appetite among investors.

The asset is now within reach of its next key resistance level at $83,000, with some analysts predicting further gains towards $90,000 to $100,000 if this level is broken.

Renewed institutional interest in crypto funds has also been a contributing factor to the market's growth, with US spot Bitcoin ETFs recording around $1 billion in net inflows so far this week.