\n\t\t\t\t\t\t\t\t\tZEC and RAIN are today’s top gainers, surging by over 20%. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The cryptocurrency market enjoyed the past 12 hours or so after the US and Iran announced a cease-fire that led to bitcoin skyrocketing to a three-week peak of nearly $73,000.<\/p>\n
Most altcoins have produced even more impressive gains, with ETH rising to over $2,250, XRP nearing $1.40, while HYPE is close to $40.<\/p>\n
BTC Explodes<\/h2>\n
The primary cryptocurrency\u2019s price actions as of late have been tied to the developments on the war front against Iran. The asset slipped to a month low at $65,000 last Monday after that weekend\u2019s threats, jumped to $69,000 a few days later, only to be rejected to under $66,000 by that Friday.<\/p>\n
The weekend was dull in terms of price movements, even though it was highly eventful in terms of statements and threats of new strikes. The most anticipated development was a deadline set<\/a> by the POTUS for Iran to reopen the Strait of Hormuz by Tuesday evening; otherwise, Trump threatened to strike power plants and bridges and even wipe out an entire nation.<\/p>\n With just hours left to the deadline\u2019s expiration, the two sides announced a two-week cease-fire, which led to immediate price volatility for all financial markets. While oil plunged<\/a>, BTC, gold, and stocks skyrocketed. The cryptocurrency neared<\/a> $73,000 for the first time in three weeks before it was stopped and pushed to under $72,000 as of press time.<\/p>\n Its market cap has climbed to $1.435 trillion, while its dominance over the alts is close to 57% on CG.<\/p>\n Almost all altcoins have joined the ride north. Ethereum is up to $2,250 after a 7% increase, XRP is close to $1.40 after a 5% jump, while SOL has tapped $85 following a 6% rise. ADA and HYPE have added 7% of value, while ZEC has stolen the show with a massive 21% surge to $325.<\/p>\n RAIN follows suit with a 20% pump, while ZRO is up by 16% and is back in the top 100 alts by market cap. ENA, ICP, RENDER, and TAO are also part of the double-digit price increase club today.<\/p>\n The total crypto market cap has increased by $100 billion since yesterday and is up to $2.530 trillion on CG.<\/p>\n \u00a0<\/p>\nAlts Pump<\/h2>\n
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