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# The crypto market went rocket mode this morning! Over the weekend, Iranian officials sent peace signals to the CIA, hope is rising for de-escalation in US-Iran tensions, global risk aversion sentiment has eased significantly, oil prices fell in response, and risk assets staged a collective rebound. $ETH $BTC $BNB
Bitcoin was even more explosive, surging $1,800 in 30 minutes, approaching the 40-day high of $74,300, with over $113 million in short liquidations. It also broke through the 50-day moving average, with technical buying pouring in.
Not only that, Bitcoin spot ETFs saw consecutive three-week net inflows of $767 million, while Ethereum ETF also attracted $161 million, with institutions aggressively adding positions. The 20 millionth Bitcoin is about to be mined, and scarcity is triggering FOMO sentiment. Total market cap increased by $9 billion in 24 hours, with ETH up 7.6% for the day. Did you catch this rally?