"The news acted as a primary catalyst for a broad risk-on rotation, propelling the total altcoin market capitalization from $979 billion to $1.07 trillion within a 24-hour window."
"Leading the charge was ethereum (ETH), which surged from a base of $2,010 to hit a session high of $2,155, fueled by reports that Bitmine aggressively expanded its holdings."
"While ETH remains notably below its March 17 peak of $2,360, this latest jump solidified a 30-day gain of approximately 10%, representing a trend reversal after a brutal start to the year."
"XRP also saw a relief bounce on the news that hostilities in the Middle East could potentially wind down by April, climbing from a session low of $1.31 to $1.36."
Altcoins experienced a significant rally, driven by President Trump's announcement on U.S. combat operations in the Middle East. This news catalyzed a risk-on sentiment, increasing the altcoin market cap from $979 billion to $1.07 trillion. Ethereum led the surge, rising from $2,010 to $2,155, supported by institutional interest and Bitmine's acquisition of 71,179 ETH. Despite a rocky start to the year, ETH's market cap reached $257 billion. XRP also saw gains, but its overall performance remained weak, while Bitcoin closed March with modest gains after volatility.
Read at news.bitcoin.com
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