Ethereum, Solana, Cardano Jump Over 7% Amid Geopolitical Cooldown
A sudden ceasefire announcement by U.S. President Donald Trump between Israel and Iran injected fresh optimism into global risk assets — especially the crypto market. Ethereum (ETH), Solana (SOL), and Cardano (ADA) each spiked around 7%, rebounding from weekend lows and reclaiming key technical levels.
“Officially, Iran will start the CEASEFIRE and, upon the 12th Hour, Israel will start the CEASEFIRE,” Trump posted on Truth Social, framing it as the end of a 12-day conflict.
Altcoins Lead the Charge as Volatility Subsides
- Ether (ETH) climbed to $2,411, reestablishing strength above the $2,400 mark.
- Solana (SOL) jumped to $144, bouncing firmly off $140 support.
- Cardano (ADA) hit $0.585, gaining ground after briefly dipping below $0.50.
Trading volumes rebounded sharply following nearly $600 million in long liquidations across the market during the weekend.
Other major tokens, including XRP ($2.16), BNB ($641.49), and Dogecoin ($0.1639), posted gains between 4%–6% as traders rushed back into risk-on assets. The CoinDesk 20 Index rose over 3%, signaling broad-based strength in crypto.
Bitcoin Holds Steady Near $105K
While altcoins rallied, Bitcoin (BTC) remained stable, consolidating around $105,200. Analysts point to institutional demand and ETF inflows as key support factors.
“BTC’s resilience above $100K shows it’s evolving into a macro hedge asset,” noted Kay Lu, CEO of HashKey Eco Labs.
Crude oil fell 1.8% and S&P 500 futures turned positive, supporting the theory of a volatility cooldown even without official confirmation of the ceasefire by Israeli or Iranian authorities.
Analysts Cautious on Next Moves
Despite the rally, some analysts warn of possible short-term corrections:
“We could see another leg down to shake out overheated longs,” said Augustine Fan of SignalPlus. “There’s also some concern about the corporate Bitcoin rush signaling late-cycle FOMO.”
Yet others remain optimistic about altcoin rotation and ETH’s potential to break $2,500, given positive technical momentum and revived investor sentiment.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.