Geopolitical de-escalation drives risk assets higher, with Bitcoin recovering to $62,878 amid broader market relief.
Bitcoin rose to $62,878, up 0.15%, as easing Iran tensions reduced geopolitical risk premiums and boosted investor sentiment. Ethereum traded at $1,655, down 0.07%, while the total crypto market cap held at $2.24 trillion with BTC dominance at 56.3%.
The Fear & Greed Index remained at 12, signaling extreme fear despite the rebound. Oil prices fell as markets priced out supply disruption risks, while equities advanced globally. Crypto funding activity surged, with Circle issuing $1 billion in USDC on Solana in 24 hours.
Small-cap tokens led gains, with Yooldo up 93.3% and Naoris Protocol rising 43.9%. Recent funding rounds included Shopagentic’s $2.2M pre-seed and Canton Network’s $335M strategic round led by Andreessen Horowitz.