Crypto Market Rebounds as U.S.-Iran Tensions Ease
Even in chaos, the market watches for calm.
Following Iran’s missile strike on a U.S. airbase in Qatar, both nations stepped back from escalation—triggering a sharp crypto market rebound. The global crypto market cap surged 6.19% to $3.2 trillion, while trading volume slipped slightly by 10.5% to $132.4 billion. Despite the Fear & Greed Index holding at 37 ("Fear"), prices are clearly in recovery mode.
President Trump stated that there were no American casualties and called Iran’s retaliation "relatively mild," signaling no immediate military response. Iran echoed a similar tone, framing the attack as proportional and not aimed at further conflict.
The result? A wave of buying across risk assets. U.S. equities rallied, oil prices plunged 7%, and crypto led the risk-on sentiment shift.
