"Bitcoin rose 5.2% to $71,400 on Monday morning in New York. By the afternoon, it was trading at $71,047.51, up about 3.4%. The price of Ethereum was up 3.4% to $2,152.22, and XRP was up 3.6% to $1.44."
"Cryptocurrencies have been on a rollercoaster ride, with volatility sending prices up and down since the outbreak of war in Iran, after U.S.-Israeli strikes began three weeks ago."
"Although Trump's latest move offers hope that the Iran conflict could be easing, the situation remains volatile and new developments could quickly reverse the crypto market's upward trend."
Bitcoin, Ethereum, and XRP experienced gains following President Trump's announcement to pause strikes on Iran's energy infrastructure. Bitcoin rose 5.2% to $71,400, while Ethereum and XRP increased by 3.4% and 3.6%, respectively. The cryptocurrency market has faced volatility due to the ongoing conflict in Iran, with prices previously hitting two-week lows. Despite the recent uptick, the situation remains unstable, and further developments could impact the market negatively. Oil prices have surged over $100 a barrel amid tensions, affecting consumers in the U.S.
Read at Fast Company
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