Bitcoin Surges as Ethereum Leads Gains Amid Easing US-Iran Tensions

Bitcoin's price surged to $65,229 over the past 24 hours, marking a 1.11% increase and a weekly gain of 0.82%. The total crypto market capitalization also rose to $2.23 trillion, up 1.24% from the previous day.

The improvement in sentiment was attributed to easing US-Iran tensions, which boosted investor confidence. However, not all assets benefited equally, with Ethereum outperforming Bitcoin by a significant margin, climbing 3.29% to trade around $1,944.

On the other hand, the shutdown of centralized exchange BitMart after nine years in business had a major impact on its BMX token, which crashed 58%. In contrast, ChangXin Technology's STAR Market debut saw a remarkable surge of 419%, setting a new turnover record.