Did you see that the cryptocurrencies recovered from their worst levels? Yeah, it seems that the pause Trump extended on the attack on Iran greatly eased the tension in the market. When geopolitical news like this comes out, people get nervous and start selling, but now that things have cooled down a bit, the market is breathing.

I was following the crypto news and could clearly see this movement. At the beginning of the day, it was really ugly, but after the news about the extension of the pause came out, there was a recovery. It’s like that pattern we see every time something geopolitical risk-related happens – the market reacts quickly, but then it settles down when it sees there’s no immediate action.

Prices are still well below their peaks, but at least they’ve moved away from that bottom they were at. The crypto market is just like that, very sensitive to international news. Stay alert, because any turn in the Iran situation could shake the prices again.