Crypto Market Surges on US-Iran Hostility Pause: Is Bottom Finally In?

Overnight, leading cryptocurrencies Bitcoin and Ethereum saw a surge in value as investors weighed the pause in hostilities between the US and Iran.

The global cryptocurrency market capitalization stood at $2.22 trillion after contracting by 0.54% over the last 24 hours.

Michaël van de Poppe, a widely followed analyst, declared that the cryptocurrency market's bottom is 'very likely' in place.

He has a strong bet on the Ethereum ecosystem and altcoins outperforming Bitcoin.