Bitcoin, Ethereum and Solana Post as investors are looking for risks.
The cryptocurrency market opened the week in the green, bouncing in relation to last week’s losses trained by the increase in geopolitical tensions in the Middle East.
Bitcoin (BTC) is up 3% on the day to $ 108,400, while Ethereum (ETH) increased by $ 4%. XRP increased by 7% in the last 24 hours to $ 2.32, and Solana (soil) increased by almost 4% to $ 158.
The total market capitalization of cryptocurrency increased 1.1% in the last 24 hours to 3.52 dollars. Levary effects increased to $ 245 million during the same period, the BTC representing $ 76 million, according to Coinglass. ETH followed with $ 75 million in liquidations, while Altcoins recorded around $ 19 million.
According to Sosovalue data, US SPOT, the funds negotiated in exchange for the BTC attracted $ 301 million in June. Meanwhile, Spot ETH ETF recorded $ 2 million in outings, according to Sosovalue data.
“The cryptography market begins to calm down after the recent geopolitical tension because the conflict between Israel and Iran seems to be contained,” said Tracy Jin, COO of Cryptocurrency Exchange Mexc. “Without regional discharge and stabilization of the financial markets, the appetite for risks is back.”
Last week, Israel launched an attack on Iran, killing several nuclear military and scientific leaders. Iran, in retaliation, has launched a wave of attacks on Israel, the main media reported.
The conflict quickly rocked traditional markets and cryptocurrencies. However, the feeling seems to have improved because the United States has declared that it would not get involved directly.
“I don’t want them to enter, because I think it would explode him – could actually help him, but it could also explode him, but we had very good discussions with Iran,” Trump told journalists, by NBC News. “I prefer the most friendly path.”
Meanwhile, the next interest rate decision of the federal reserve also adds to the uncertainty of investors.
“The next meeting of the federal reserve on June 18 is at the point and the markets provide that interest rates will remain unchanged,” said Mena Theodorou, co -founder of Crypto Exchange Coinstash. The CME Fedwatch tool currently predicts a 99.8% chance of retaining this week.
“However, all unexpected decisions could have a significant impact on cryptographic markets,” he said. “A drop in surprise rate could give Bitcoin a boost, exceeding its current level of resistance of $ 109,000 and potentially approaching its $ 111,970 summit.”
Theodorou explained that although the feeling of investors is fragile, the future decision of the federal reserve will be a “key determining of market orientation” in the short term.
