Crypto markets rose early this week after US President Donald Trump ordered a five-day pause on planned strikes against Iran’s energy infrastructure, lifting Bitcoin back above $70,000.
The broader market capitalisation climbed 3% to $2.53 trillion, with Ethereum trading above $2,100 and XRP reclaiming $1.40 as support amid improved risk appetite.
“The United States and Iran have had productive discussions over the past two days toward fully resolving hostilities in the Middle East,”
Said US President Donald Trump.
Despite the relief rally, sentiment remains weak with the Fear & Greed Index stuck in extreme fear territory and inflows into digital asset investment products slowing to $230 million last week.
CoinShares attributed the slowdown partly to macro conditions, stating the shift reflects a “hawkish pause” interpretation of the US Federal Reserve’s latest policy stance rather than solely geopolitical concerns.
Bitcoin continues to hold above the key $70,000 level after rebounding from a $67,445 low, with a sustained move higher potentially opening a path toward $80,000, while a breakdown could send prices into the low $60,000s.
Additional pressure may emerge from প্রায় $100 million in token unlocks this week, led by a $48 million Toncoin release, alongside other scheduled unlocks that could introduce short-term supply-driven volatility.
At the time of reporting, Bitcoin price was $70,416.03.