US-Iran Pause Sparks Crypto Market Sentiment Boost

The US and Iran have agreed to pause their military operations, allowing for diplomatic efforts to proceed. This news has had a positive impact on the crypto market sentiment, with the Fear & Greed Index increasing slightly from 28 to 33.

Bitcoin is currently trading above $65,000, holding just above the 50-day EMA at $65,199 and supported by the reclaimed 78.6% Fibonacci retracement of the latest downswing at $63,171. The Relative Strength Index (RSI) sits in neutral territory, while the Moving Average Convergence Divergence (MACD) reading remains mildly positive.

Ethereum is approaching the pivotal $2,000 level and is trading above its 50-day EMA. However, it remains capped beneath the 200-day EMA at $2,170, which acts as a significant resistance for the pair.

XRP is trading broadly sideways with the 50-day EMA capping the upside and the MACD holding onto a mild buy signal. It remains below its key averages and has a bearish near-term bias due to its inability to break above these levels.