The crypto market has experienced a notable surge in confidence due to recent developments in the Middle East. The full reopening of the Strait of Hormuz and ongoing negotiations between the United States and Iran have significantly reduced uncertainty surrounding the conflict, causing investors to shift towards risk assets.
Network activity indicators have shown a notable increase, with daily confirmed transactions surpassing 600,000 as of April 15. This rise in activity has been accompanied by rising prices, indicating a renewed demand-driven momentum in the short term.