Ceasefire lifts bitcoin, but animal spirits may not return just yet
CoinDesk
A U.S.-Iran ceasefire and anticipated ETF activity have boosted Bitcoin, but analysts remain cautious regarding a sustained return of market risk appetite.Summary
Bitcoin and broader cryptocurrency markets saw gains following a temporary ceasefire between the U.S. and Iran, which helped lower oil prices and eased geopolitical uncertainty. While Bitcoin surged alongside altcoins, analysts suggest the market rally was partly driven by short-covering rather than long-term demand. The potential debut of a Morgan Stanley Bitcoin ETF offers hope for institutional adoption, but oil prices remain elevated compared to pre-conflict levels, signaling that a full return of market momentum remains uncertain.
(Source：CoinDesk)