In the last 24 hours, cryptocurrencies experienced a significant rise, fueled by a wave of optimism in global markets, following the announcement of a two-week ceasefire between the U.S. and Iran by President Donald Trump. The total value of the cryptocurrency market has increased by more than 4 percent in the past 24 hours. Bitcoin reached a peak of 72,732 within the last 24 hours. The reduction of geopolitical tensions just ahead of the deadline set by President Trump ignited a risk-on sentiment. Crude oil prices saw a notable decline, and the Dollar weakened, while precious metals, equities, and risk assets rallied in reaction. Brent Oil Futures for June settlement are currently priced at $94.10, reflecting a notable decline of 13.9 percent overnight. Crude oil futures for May settlement have plummeted 15.9 percent overnight, now trading at $94.98. Brent crude reached a notable 52-week high of $119.5 on March 9, while WTI crude climbed to a significant 52-week high of $117.63 on April 7. The six-currency Dollar Index, which measures the U.S. dollar’s strength against a selection of six currencies, is currently at 98.82, showing a decrease of 0.85 percent from 99.67 at Tuesday’s close. Gold Futures for June settlement have surged 2.9 percent overnight, now trading at $4,818.09 per troy ounce. Following the reduction of tensions in the Middle East, the total value of the crypto market has increased by 4.4 percent in the past 24 hours, now standing at $2.44 trillion. The 24-hour trading volume has surged by 45 percent, hitting an impressive $118 billion.
About 80 of the leading 100 cryptocurrencies are seeing overnight increases of more than one percent, while only 4 are encountering overnight declines greater than one percent. Data indicates that the 24-hour liquidation statistics show short positions surpassing long positions, hinting at a possible short squeeze in the market. In the past day, liquidations in the crypto market hit an astonishing $581 million. This figure includes 156 million from long positions and 425 million from short positions, highlighting the intense volatility in the market as exchanges and lending protocols enforce forced closures of leveraged positions due to insufficient funds to cover potential losses. Fear and Greed Index, which measures sentiment in the crypto market, is currently at 46, a slight decrease from 47 the previous day. The sentiment has shifted to a “neutral” state, departing from the “fear” level of 32 noted just a week ago. Bitcoin, the leading cryptocurrency, is currently trading 4.8 percent higher at $71,627.51. The current price is roughly 43 percent lower than the peak of $126,198.07, reached on October 7, 2025. The original cryptocurrency has experienced a 4.5 percent rise over the last week, reducing its year-to-date losses to 18.2 percent. On Tuesday, Bitcoin Spot ETF products in the U.S. saw net outflows of $159 million, a significant difference from the net inflows of $471 million noted on Monday. Fidelity Wise Origin Bitcoin Fund experienced significant net outflows, totaling $48 million. Bitcoin continues to hold the 12th spot in the global ranking of all assets by market capitalization, as reported. Meta Platforms holds the 11th position, while Tesla is positioned at 13th.
Ethereum surged 7.6 percent overnight, reaching a trading price of $2,248.17. The prominent alternative cryptocurrency is currently trading at a staggering 55 percent below its all-time high of $4,953.73, which was reached on August 25, 2025. ETH hit a high of 2270.59 in the past 24 hours. On Tuesday, Ethereum Spot ETF products in the U.S. saw net outflows of $65 million, a significant shift from the net inflows of $120 million noted on Monday. In the latest update, Ethereum has climbed to the 61st position in the global ranking of all assets based on market capitalization data. Just a day earlier, it was in the 73rd position. 4th ranked XRP surged 5.6 percent overnight and is currently trading at $1.38, approximately 64 percent below its all-time high of $3.84 reached on January 4, 2018. 5th ranked asset saw a 2.5 percent increase overnight, bringing its price to $612.46. BNB is currently trading at a staggering 55 percent below its all-time high of $1,370.55, which was reached on October 13, 2025. The price of the 7th ranked cryptocurrency surged 6.8 percent overnight, reaching $84.77.
Currently, the asset is trading approximately 71 percent lower than its all-time high of $294.33, which was reached on January 19, 2025. Currently ranked 8th overall, TRON saw a rise of 0.81 percent overnight and is now trading at $0.3171. The current trading price is 28 percent lower than the cryptocurrency’s all-time high of $0.4407, reached on December 4, 2024. Dogecoin, currently sitting at the 9th rank, saw a notable increase of 4.2 percent overnight, with its trading price now at $0.0945. The current trading price is a staggering 87 percent below its peak of $0.7376, which was reached on May 8, 2021. 10th ranked Hyperliquid has surged by 8.3 percent over the last 24 hours. HYPE is currently priced at 39.42, which is approximately 34 percent lower than its all-time high of 59.39 reached on September 18, 2025.