Cryptos Surge Amidst Optimism Over Iran Deal

Continued hope for a possible resolution to the U.S.-Iran conflict has driven the overall cryptocurrency market capitalization higher in the past 24 hours. Leading cryptocurrencies have seen an increase of over one percent in the last 24 hours. The mood improved following the decline in crude oil prices, which lowered the likelihood of a fuel-induced inflationary spiral. Brent Oil Futures for June settlement are currently priced at $96.02, showing a decrease of 3.4 percent overnight. Crude oil futures for May settlement have experienced a decline of 4.1 percent overnight, now trading at $90.81. With the market facing a decline, the year-to-date gains for both benchmarks have fallen to 58 percent. The change in sentiment was clear in Fear and Greed Index, which measures the atmosphere in the crypto market. The index saw a small increase, rising to 57 from 56 the previous day and up from 49 a week ago, staying in the “neutral” zone. In a display of strong market sentiment, the overall crypto market capitalization has increased by 1.4 percent over the last 24 hours, reaching $2.56 trillion. The 24-hour trading volume has increased by 15 percent, totaling $156 billion. Around 64 of the top 100 cryptocurrencies are seeing overnight gains of over one percent, while about 9 are encountering overnight losses of more than one percent.

Bitcoin, the leading cryptocurrency, is currently experiencing a 1.30 percent increase, trading at $75,692.34. The current price is roughly 40 percent lower than the peak of $126,198.07, reached on October 7, 2025. The original cryptocurrency has experienced a 5 percent rise over the last week, reducing its year-to-date losses to 13.5 percent. On Thursday, Bitcoin Spot ETF products in the U.S. saw net inflows of $26 million, a significant drop from $186 million on Wednesday and $411 million on Tuesday. The market leader, iShares Bitcoin Trust, has seen impressive net inflows totaling $82 million. Bitcoin continues to hold the 12th spot in the global ranking of all assets by market capitalization, as reported by companiesmarketcap.com. Meta Platforms holds the 11th position, while Tesla is positioned at 13th. Ethereum experienced a 0.6 percent increase overnight, with its trading price reaching $2,357.51. The leading alternative cryptocurrency is presently valued at an impressive 52 percent lower than its peak of $4,953.73, achieved on August 25, 2025.

On Thursday, Ethereum Spot ETF products in the U.S. saw net inflows of $18 million, down from $68 million on Wednesday and $53 million on Tuesday. The iShares Ethereum Trust has seen impressive inflows, reaching a total of $31 million. In the latest update, Ethereum is ranked 64th in the global asset rankings based on market capitalization, according to the source. Bitcoin currently dominates the crypto market with a significant share of 59.1 percent, while Ethereum trails behind with a share of 11.1 percent. 4th ranked XRP surged over 2 percent overnight, now trading at $1.44, which is approximately 62 percent lower than its all-time high of $3.84 reached on January 4, 2018. 5th ranked BNB experienced an overnight increase of nearly 2 percent, bringing its price up to $633.14. BNB is currently trading at a staggering 54 percent below its all-time high of $1,370.55, which was reached on October 13, 2025. The price of 7th ranked Solana experienced a notable increase of 3.3 percent overnight, reaching $88.20. SOL’s current price is about 70 percent below its peak of $294.33, achieved on January 19, 2025.

On Thursday, Solana Spot ETF products in the U.S. saw net inflows of $15.5 million, a notable rise from the $5.3 million observed on Wednesday and the $1.3 million reported on Tuesday. Bitwise Solana Staking was responsible for all the inflows. TRON holds the 8th position overall but experienced a decline of 1.1 percent overnight, currently trading at $0.3240. The trading price currently sits at 26 percent below the cryptocurrency’s all-time high of $0.4407, recorded on December 4, 2024. Dogecoin, currently sitting at the 9th rank, saw a 2.2 percent increase overnight and is trading at $0.0989. Currently, the asset is trading at a staggering 87 percent below its peak price of $0.7376, which was reached on May 8, 2021. 10th ranked Hyperliquid has experienced a decline of 2.6 percent over the last 24 hours. HYPE is currently priced at 43.62, reflecting a decline of approximately 27 percent from its all-time high of 59.39, which was achieved on September 18, 2025.