Trump Cancels Iran Plans, Boosts Crypto Market
The cryptocurrency market experienced a positive shift on Sunday morning after US President Donald Trump announced the cancellation of planned attacks against Iran. This move led to Bitcoin's price rebounding from its multi-week low at $62,400 to $63,500.
On Saturday evening, Bitcoin had dipped below $62,000, but regained strength after Trump's announcement. The asset's market cap has reclaimed $1.270 trillion, while its dominance over larger-cap alts remains below 57% on CG.
Cardano's native token, ADA, was the top performer in the past day, surging by 9% to $0.185. Other notable gainers include XRP, SOL, and HYPE, which have marked minor increases of up to 4%. The total crypto market cap is up by $40 billion since yesterday's low and stands at $2.250 trillion on CG.
As the market reacts to ongoing global events, investors are advised to conduct their own research before making any investment decisions. Market volatility remains high, with Bitcoin's price fluctuating between $63,000 and $65,000 in recent days.