Ripple and Ethereum Jump 9%, Bitcoin Gains 4% as Iran Truce Sparks Crypto Rally
The rally followed a U.S.-Iran peace deal announcement, with Bitcoin up 4% and the VIX falling 7%, signaling a rapid shift to risk-taking.
- On Monday, Ripple and Ethereum surged 9% following President Donald Trump's announcement of a U.S.-Iran peace deal, reflecting broad risk-on buying across cryptocurrency markets.
- Trump announced the peace agreement on Sunday, aiming to end months of conflict and reopen the Strait of Hormuz, with a formal signing ceremony scheduled for June 19.
- Bitcoin gained 4% to $66,332, while the CBOE Volatility Index fell 7% to 16.43, signaling rapid unwinding of market fear across multiple asset classes.
- Markets are currently pricing a 97% probability of the SPDR S&P 500 ETF closing higher, as investors monitor whether XRP holds above $1.20 and Ethereum stabilizes above $1,800.
- The June 19 signing remains a key event risk; any delay or scope reduction could reverse the risk-on bid, with traders distinguishing between the preliminary memorandum and a permanent agreement.
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Why Bitcoin Was Bumping Higher on Monday
Key PointsInvestors tend to shy away from such assets in times of strife or uncertainty.Compounding the good geopolitical news, the coin's top institutional holder purchased $100 million worth of it last week.10 stocks we like better than Bitcoin › A sharp, sudden decrease in geopolitical tension was helping Bitcoin (CRYPTO: BTC) rise in price over the weekend. From Friday at 4 p.m. ET to late Monday afternoon, the bellwether cryptocurrency was …
Ripple and Ethereum Jump 9%, Bitcoin Gains 4% as Iran Truce Sparks Crypto Rally
The post Ripple and Ethereum Jump 9%, Bitcoin Gains 4% as Iran Truce Sparks Crypto Rally appeared first on 24/7 Wall St.. Ripple (XRP) surged 10% to $1.2453 in 24 hours, leading crypto higher on U.S.-Iran peace deal announcement; Ethereum up 9% to $1,809, Bitcoin up 3% to $66,511. Ripple's outperformance reflects risk-on sentiment across equities and commodities as geopolitical tensions ease. Watch June 19 formal signing and if XRP holds above…
Cointelegraph
The New York LedgerBitcoin Tipped for $69,000 as Oil Drops Below $80 on Iran Peace Roadmap
Bitcoin traders see BTC price action targeting $69,000 this week as the US-Iran peace deal delivers a bullish catalyst and oil drops under $80.
Bitcoin prices jump to two-week high after US-Iran peace deal. Where are they headed?
Bitcoin prices gained nearly 3% during early Asian trading on Monday, reaching around $65,400. Here's what's driving the rally today, along with experts' opinions on the near-term outlook.
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