The crypto market is showing signs of recovery after the ceasefire announcement between Israel and Iran. Bitcoin's price has rebounded to around $106,000, with a 5% gain, after dipping to $98,000 over the weekend ¹ ². This recovery is also reflected in other cryptocurrencies, with Ethereum and XRP rising by 9% and 7%, respectively ².
The ceasefire news has eased market tensions, leading to a surge in crypto prices. However, analysts remain cautious, noting that the conflict's impact on global markets and inflation could still affect crypto prices in the long run ³.
In terms of market trends, crypto funds have recorded $1.24 billion in inflows last week, marking the tenth consecutive week of gains ¹. This suggests that institutional investors are still bullish on the crypto market despite recent geopolitical tensions.
*Key Market Indicators:*
- _Bitcoin Price:_ Around $106,000, with a 5% gain ¹ ²
- _Ethereum Price:_ Up 9% ²
- _XRP Price:_ Up 7% ²
- _Crypto Fund Inflows:_ $1.24 billion last week ¹
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