Donald Trump · DL News
Crypto markets the past two weeks have surged since President Trump announced a two-week ceasefire with Iran
Compiled by KHAO Editorial — aggregated from 2 outlets. See llms.txt for citation guidance.
◎ Multiple-sources
That ceasefire could now be coming to an end.
Key facts
- Bitcoin funds received nearly $1 billion in fresh cash while their Ethereum counterparts took in close to $276 million, according to Farside Investors data
- The rise in Bitcoin flows comes after Morgan Stanley last week debuted a new fund, the Morgan Stanley Bitcoin Trust, which already manages $120 million in assets
- Tehran said it was responding to the US blockade of Iranian ports, and Supreme Leader Mojtaba Khamenei said in a message read on state TV that Iran’s navy was ready to inflict “new bitter defeats
- President Trump on Saturday reiterated that talks with Iran had been going well
Summary
Bitcoin and Ethereum dipped on Saturday. - The two biggest cryptocurrencies are still up over the past seven days. - A ceasefire between the US and Iran looks shaky. Bitcoin and Ethereum slid on Saturday after a US peace deal with Iran touted by President Donald Trump looked shaky. Bitcoin was down nearly 2% over a 24-hour period, touching $76,252, according to CoinGecko. Ethereum dropped by 3% and was priced at nearly $2,365. President Trump on Saturday reiterated that talks with Iran had been going well. Tehran said it was responding to the US blockade of Iranian ports, and Supreme Leader Mojtaba Khamenei said in a message read on state TV that Iran’s navy was ready to inflict “new bitter defeats” on its enemies. Crypto markets the past two weeks have surged since President Trump announced a two-week ceasefire with Iran.
US investors fast piled into Bitcoin and Ethereum exchange-traded funds this week. Bitcoin funds received nearly $1 billion in fresh cash while their Ethereum counterparts took in close to $276 million, according to Farside Investors data. Bitcoin was trading for $76,252 per coin on Saturday, down 2% over the past day. - Ethereum’s price dropped to $2,365, a 3% 24-hour dip.