The crypto market roared back to life Monday as news broke of a ceasefire agreement between Israel and Iran. The unexpected diplomatic breakthrough injected fresh optimism into traders’ risk appetite, driving total crypto market capitalization up to $3.25 trillion, a 4.5 percent jump in 24 hours, and lifting trading volumes by nearly 13 percent to $155 billion.
As geopolitical tensions begin to ease, Bitcoin, Ethereum, and several major altcoins have experienced significant gains, representing one of the most robust intraday recoveries observed this quarter.
The announcement of a coordinated 12-hour pause in hostilities sent shockwaves through the crypto market. Cryptocurrencies, sensitive to spikes in global uncertainty, snapped out of a weekend lull and rallied across the board.
Fear & Greed sentiment swung from “neutral” back toward “greed,” underscoring how geopolitics can swiftly reshape crypto market psychology. Institutional desks reported a flurry of new buy orders, while retail traders piled into high-beta tokens searching for a breakout.
The Ether rally was fueled by renewed DeFi activity and whale accumulation, as on-chain data showed major wallets scooping up tokens during the dip. Bitcoin’s dominance in the crypto market has decreased to 64.5%, while Ethereum’s share has edged up closer to 9%.
Secondary tokens lit up even brighter. Solana jumped 7.5% to $143.74, benefiting from a pickup in NFT minting and high-speed trading. XRP’s broader acceptance narrative drove a 9.0% gain to $2.18. BNB climbed 3% to $637.56, buoyed by steady demand for exchange-native assets. Cardano rallied 7.3% to $0.5823 as investors eyed the upcoming “Vasil” upgrade for fresh staking yields. Across the top six, average gains hovered around 6 percent on the day.+
With the ceasefire set to hold for at least 24 hours, crypto markets have a window to extend their recovery. Traders will watch whether Bitcoin can breach psychological resistance near $110,000 and if Ethereum can retest $2,500. Should calm prevail, altcoins could maintain momentum into month-end.
