Crypto Markets Surge on Institutional Trading and Easing Geopolitical Tensions

Bitcoin has led a broad crypto rally, with its price climbing to $78,625.87, up 2.5%. Ethereum followed suit, increasing by 1.9% to $2,426.89. XRP gained 4.8% to $1.39, while BNB jumped 4.5% to $711.78.

The rally comes on the heels of Standard Chartered's announcement that it will offer institutional Bitcoin and Ethereum spot trading in the UAE. This move marks a significant step towards mainstream adoption of cryptocurrencies.

Markets are also reacting positively to reports that President Trump is privately discussing declaring the Iran war over, which would ease some geopolitical risk. The combined effect of these factors has driven today's broad-based gains.