A fragile calm swept the risk assets on Tuesday when US President Donald Trump claimed to have negotiated a ceasefire between Israel and Iran, triggering a rally in cryptographic majors.
“Officially, Iran will start the ceasefire and, at the 12th hour, Israel will start the ceasefire and, at the 24th hour, an official end of the 12-day war will be hailed by the world,” said Trump on his social account of truth.
Ether ETH, Sola Sol de Solana and Ada Ada de Cardano have jumped approximately 7% in the last 24 hours. Ether returned above $ 2,400, while Sol and ADA increased for support at $ 140 and 50 cents respectively.
Crypto trading volumes also rebounded after a brutal droffe from Sunday-money which experienced nearly $ 600 million in long liquidations. XRP XRP, BNB BNB of the BNB and Dogecoin Dogeco chain also increased between 4% and 6%. The widest Coindesk 20 CD20}]A liquid index according to the largest tokens, increased by more than 3%.
The rebound has followed a wave of macro relief. The Brent Brut slipped 1.8% and the S&P 500 term contracts became positive, even if the cease-fire lacked formal confirmation of one or the other government. But the merchants quickly turned into altcoins, Paris on a volatility recharge time.
“We believe that the market will normalize and will soon go from the last geopolitical episode,” said Augustine Fan, information manager at Signalplus. “But we are more concerned with a bigger shaking to stop long long … and the negative signals of FOMO of all public companies that seek to establish new BTC vouchers as the last financial engineering concert,” added Fan.
Meanwhile, Bitcoin {{BTC continues to consolidate nearly $ 105,000, testing the resistance of the general costs while institutional flows remain stable. Some see structural strength in the performance of the assets in recent weeks.
“His ability to maintain above $ 100,000 highlights resilience in the middle of geopolitical and macro volatility,” Kay Lu, Hashkey Eco Labs CEO, at Coindesk.
“While the institutional entries and the rebound demand for the FNB, the decoupling the BTC of traditional risk signals suggests a maturation role as a long -term macro cover,” added Lu.
However, some traders warn that the next step in the decision could be motivated by taking advantage, especially in overheated tokens, such as ether.
Read more: Bitcoin exceeds $ 106,000 on the ceasefire Iran / Israel reported
