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US-Iran Deal Optimism Lifts Risk Appetite, Bitcoin and Ethereum Gain

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A US-Iran deal optimism has lifted broader risk appetite across financial markets, including cryptocurrencies. As a result, Bitcoin and Ethereum have advanced while XRP underperformed on March 11, 2025.

Bitcoin rose approximately 2.3% to $68,450, while Ethereum gained 1.8% to $3,520. In contrast, XRP slipped 1.2% to $0.62, lagging the broader market.

The moves come amid reports that the United States and Iran are close to a preliminary agreement on nuclear enrichment limits. Historically, such geopolitical de-escalation tends to boost risk assets, including equities and cryptocurrencies.

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