""Currently, the situation in the crypto market does not appear as severe as it did at the end of February, when sentiment was at the same level," said Alex Kuptsikevich, chief market analyst at FxPro."
""A potential catalyst to stabilize the markets for now would be some sort of de‑escalation in the Middle East, or at minimum a resumption of normal traffic through the Strait of Hormuz," analysts on Laser Digital's derivatives trading desk wrote."
""This could set off a chain of oil price stabilization, followed by rates consolidation and improved risk sentiment," they added. "Minus this, crypto markets are likely to stay heavy.""
Bitcoin increased by more than 5% to $71,794 after U.S. President Trump announced talks with Iran, boosting hopes for conflict resolution. Smaller cryptocurrencies like Ether and Solana also saw gains. Bitcoin had previously dropped to a two-week low of $67,371 amid volatility since late February. Analysts noted that the crypto market's current situation is less severe than in February. A de-escalation in the Middle East could stabilize markets, while negative inflows into Bitcoin-related ETFs were observed.
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