Cryptocurrency Market Stabilizes Amid Ongoing US-Iran Tensions

The cryptocurrency market held steady on Sunday, but with a sense of uncertainty due to ongoing tensions between the U.S. and Iran.

Bitcoin initially rose to $80,500 before reversing course, while Ethereum fluctuated within the $2,460-$2,525 range with increased trading volume.

XRP and Dogecoin traded in the red, but the global market capitalization stood at $2.71 trillion, up 0.02% over the last 24 hours.

Crypto analyst Michaël van de Poppe is optimistic that Bitcoin could reach $90,000 in the near term and that Ethereum could break above $3,000, citing relatively easy targets for both assets.