Risk-based peace trading came back into fashion after the United States and Iran held out on Sunday, sending oil prices lower.
Bitcoin the leading cryptocurrency by market value, is back above $65,000, with prices up around 1.2% over 24 hours. Ether (ETH) rose more than 3% to near $1,950, alongside gains of 1% to 2% for other tokens in the top 10, including Solana (SOL) and XRP (XRP).
Futures contracts linked to WTI fell on Monday, trading down about 5% at $85 at the time of this writing, while those linked to the Nasdaq and S&P 500 were trading up half a percent. Foreign exchange markets also showed risk-on trends, with the Australian dollar and euro appreciating against the US dollar.
The United States and Iran suspended military strikes against each other for the second day in a row, leaving room for a diplomatic breakthrough. The war, which began in late February, saw a fragile ceasefire in the second quarter, but it quickly deteriorated.
Iran has reportedly said it will continue to suspend its airstrikes as long as the United States does the same, marking the tentative start of what appears to be yet another peace process.
