Crypto Market Value Climbs $80 Billion in 24 Hours as Risk Sentiment Recovers
Minseung Kang
Summary
- Cointelegraph said the crypto market's total market capitalization increased by $80 billion over the past 24 hours.
- According to the report, Bitcoin (BTC) recently rebounded to around $66,000, while major altcoins including Ether (ETH), XRP (XRP) and Solana (SOL) also recovered.
- Easing geopolitical risks appears to have partly restored risk sentiment, helping draw risk appetite back into the crypto market.
Forecast Trend Report by Period
The total market capitalization of cryptocurrencies rose by $80 billion over the past 24 hours as easing tensions between the US and Iran helped revive appetite for risk assets.
Cointelegraph wrote in a post on X, formerly Twitter, on June 15 that the crypto market's total value had increased by $80 billion from a day earlier.
Bitcoin recently rebounded to around $66,000. Major altcoins including Ether, XRP and Solana also recovered. Falling oil prices and gains in global stocks, driven by easing geopolitical risks, appear to have supported demand for risk assets in the crypto market as well.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
