Bitcoin price held above $105,000 in Tuesday trading, as risk sentiment improved following a tentative ceasefire deal between Israel and Iran. The move marks a sharp turnaround from last week’s tension-driven selloff.
Ethereum and XRP also joined the rebound. The short-term momentum has turned somewhat bullish, aided by ETF inflows and increased buying across majors, even though the overall cryptocurrency market is still sensitive to geopolitical concerns.
With institutional interest remaining firm, this favorable environment is reviving bullish momentum across the top tokens.
Bitcoin’s bounce back above $105,000 feels less like a dramatic breakout and more like a market exhale. A ceasefire announcement from President Trump and renewed strength in ETF flows.
Traders are watching closely to see if this bounce holds or fades like previous ones. The market’s up, yes, but nobody’s calling it a full risk-on rally just yet. It’s more of a “we’re not crashing, so let’s rotate back in” sentiment.
Ethereum (ETHUSD) is currently trading at $2,432, up roughly 8% on the day, making it one of the top-performing large-cap tokens in Tuesday’s session. The recovery follows a sharp reversal from last week’s low near $2,150, as traders rotate back into risk assets. Sentiment has improved notably since the ceasefire headline crossed wires, but what’s really driving ETH now is the pickup in ETF inflows and a broader appetite for altcoins.
XRP is gaining again, with its market cap now above $129 billion, after rebounding sharply from last week’s lows near $115 billion. XRP’s strength comes on the back of growing ETF speculation and a pickup in large-wallet inflows, which often precede directional moves.
While the token has yet to break out of its recent range, momentum has shifted in favor of the bulls. Market participants are also watching Ripple’s legal updates quietly brewing behind the scenes, though no major catalysts have emerged this week. Overall, XRP seems to be riding the wave of sector-wide inflows alongside Bitcoin and Ethereum.
Together, Bitcoin, Ethereum, and XRP are sending a clear signal to the market, risk appetite is returning, but buyers still need to prove they can hold the line.
This article was originally published on InvestingCube.com. Republishing without permission is prohibited.
This post was last modified on Jun 24, 2025, 17:48 BST 17:48