- The cryptocurrency market rebounded by a drop in the weekend, with Bitcoin, Ethereum and XRP increasing respectively by 5%, 9%and 7%.
- The recovery comes as President Donald Trump announced that Israel and Iran have accepted a complete ceasefire.
- Iran previously launched a “de -escalation” missile attack against an American military base in Qatar.
The cryptocurrency market made a return on Monday, bouncing a drop in weekends as the best active ingredients, including Bitcoin (BTC), Ethereum (ETH) and XRP, organized a recovery. The rebound follows the statement of the President of the United States, Donald Trump, according to which Israel and Iran will each make a 12-hour ceasefire, after which war threats will end.
Top Cryptos Bitcoin, Ethereum, XRP is recovered while Trump announces the ceasefire of Israel-Iran
President Trump announced that Israel and Iran have accepted a full ceasefire that should start in a few hours, ending what he called “12-day war”, according to a Monday job On the social media platform Truth Social.
Source: the truth of President Trump Social
President Trump said the ceasefire would take place in two phases, where Iran will observe the first 12 hours, followed by Israel, leading to a formal end of the confrontation between the two parties.
Trump also noted that Iran informed the United States (United States) before launching attacks on an American military base in Qatar. He shared that there were no victims of the actions of Iran, suggesting that the attacks were “de-ecalies”.
The event follows an escalation of war tensions during the weekend after Israel has intensified its air attacks, targeting several sites across Iran on Saturday and Sunday. The United States also joined the conflict by making air strikes on three Iranian nuclear installations on Sunday, sending the cryptography market.
However, the recent talks of a ceasefire have triggered a recovery among cryptographic assets, Bitcoin increasing by $ 106,000 after diving at $ 98,000 – a six -week – Sunday.
The higher altcoins have rebounded alongside Bitcoin, with Ethereum, XRP and Solana (soil) recording gains by 9%, 7%and 10%, respectively.
Several categories of crypto also reacted positively to the update on Monday evening. The same sector increased by 9% after President Trump’s declaration, with Dogecoin (DOGE), Shiba Inu (SHIB) and PEPE rallying 9%, 10% and 12%, respectively.
Likewise, the category of artificial intelligence tokens (AI) marked a 9% gain after the news of a cease-fire. The best tokens have, notably Bittensor (TAO), Internet Computer (ICP), near the protocol (near), artificial superintendent (FET), rendering (rendering) and virtual (virtual) protocol, saw two-digit gains while President Trump shared positive updates around the Israel-Iran peace intervals.
The development follows the abolition of the federal reserve of the term “reputation risk” of its banking supervision guidelines, softening the restrictions imposed on banks dealing with cryptographic customers.
