Cryptocurrency Market Seeks Recovery Amid US-Iran Tensions
The cryptocurrency market is showing signs of recovery after a period of volatility sparked by tensions between the US and Iran. Ripple (XRP) bulls are attempting to push prices above $1.36, with support from a strong moving average cluster.
Ethereum (ETH) has extended its gains, rising above $2,400 as investors return to the market following the renewed tensions in the Middle East.
Bitcoin (BTC) is trading sideways around $77,700, with institutional demand contributing to this range-bound price action. Market participants are cautious ahead of key economic data on Friday, which could influence the Federal Reserve's policy path and impact Bitcoin's next move.