{"id":3843,"date":"2025-06-24T11:03:04","date_gmt":"2025-06-24T11:03:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/why-is-the-crypto-market-going-up-today\/"},"modified":"2025-06-24T11:03:12","modified_gmt":"2025-06-24T11:03:12","slug":"why-is-the-crypto-market-going-up-today","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/why-is-the-crypto-market-going-up-today\/","title":{"rendered":"Why is the crypto market going up today?"},"content":{"rendered":"

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Crypto market recovered as Bitcoin reclaimed the $100k level, following reports of a potential truce between Israel and Iran that may bring an end to the recent ongoing hostilities between the two nations.<\/p>\n

On Monday, U.S. President Donald Trump announced<\/a> that both nations have agreed to a full truce, which he said will bring an end to what he called \u201cThe 12 Day War.\u201d The announcement helped calm investor fears and gave markets a reason to rally after a volatile weekend.<\/p>\n

According to crypto.news, the global crypto market cap rose 2.8% to hit $3.39 trillion as of Tuesday afternoon in Asia. Bitcoin (BTC) surged 3.4% to cross $105k, while Ethereum (ETH) spiked 6.7% to reclaim the $2,400 level. Major altcoins followed the trend, with XRP (XRP), Solana (SOL), and Dogecoin (DOGE) climbing 8.5%, 8.2%, and 7%, respectively.<\/p>\n

The rebound follows a steep weekend sell-off triggered by heightened conflict, after Israel intensified its airstrikes and the U.S. reportedly launched attacks on three Iranian nuclear facilities. BTC had dropped nearly 4% to $98,615, while ETH and SOL saw declines of up to 10% amid investor concerns over an extended conflict and its potential economic fallout.<\/p>\n

Now, with geopolitical risks easing, market sentiment has improved sharply. Alternative\u2019s Crypto Fear & Greed Index jumped 47 points to hit 65, back into \u201cGreed\u201d territory. Meanwhile, Coinglass data shows the average RSI across the market rose to a neutral 58.<\/p>\n

Open interest also climbed by 4% to $135 billion, while total liquidations dropped 28% to $482 million per CoinGlass data<\/a>. Interestingly, most of the liquidations came from shorts, indicating a possible short squeeze that may have helped fuel the rally even more.<\/p>\n

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Increased institutional participation further underpinned the market rebound. U.S. spot Bitcoin ETFs recorded $350.4 million in inflows on Monday, a sharp rise from just $6.37 million on Friday. Ethereum ETFs also saw strong inflows of $100.7 million, reversing from previous day outflows of $11.3 million.<\/p>\n

Adding to the bullish momentum, Strategy\u2019s Michael Saylor revealed the company had bought another $26 million worth of Bitcoin. Strategy\u2019s latest purchase came amid a broader 2025 trend, with more public companies following its lead and adopting Bitcoin as a long-term treasury asset.<\/p>\n

For instance, Japan\u2019s Metaplanet recently executed a $108 million purchase, while entrepreneur and investor Anthony Pompliano announced the launch of a Bitcoin treasury firm backed by prominent institutions such as Citadel and Jane Street, with the goal of building a $1 billion Bitcoin reserve.<\/p>\n

On the regulatory front, the Federal Reserve\u2019s decision<\/a> on June 23 to remove the term \u201creputational risk\u201d from its bank supervision guidelines was seen as a key catalyst. The change eliminates a subjective barrier that had deterred banks from engaging with crypto firms.<\/p>\n

Industry observers believe this move could normalize banking access for digital asset companies and accelerate crypto-financial integration.<\/p>\n

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Crypto market recovered as Bitcoin reclaimed the $100k level, following reports of a potential truce between Israel and Iran that may bring an end to the recent ongoing hostilities between…<\/p>\n","protected":false},"author":1,"featured_media":3844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=3843"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3843\/revisions"}],"predecessor-version":[{"id":3845,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3843\/revisions\/3845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3844"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=3843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=3843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=3843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}