Crypto Market Rebounds to $2.57T Amidst SYND Plunge and SpaceX's Bitcoin Holdings

The crypto market has experienced a rebound of 0.65% over the past 24 hours, reaching a total capitalization of $2.57 trillion. This increase is attributed to risk-on positioning triggered by Donald Trump's comment on ending the Iran conflict. The bounce has seen Bitcoin recover 0.61% to $77,951 after defending its lower channel boundary.

The Syndicate token (SYND) has taken a hit due to Syndicate Labs' announcement of winding down operations. The token plunged to a fresh all-time low of $0.01061 and was trading near $0.012 at press time, down roughly 23% over the past 24 hours.

SpaceX's disclosure of holding 18,712 BTC worth around $1.29 billion on its balance sheet has also made headlines. This places the rocket company among the largest corporate holders alongside Tesla and Strategy, highlighting the trend of treasury diversification into hard digital assets among non-financial mega-cap issuers.