The crypto market surged rapidly! Over the weekend, Iranian officials sent peace signals to the CIA, with hopes of easing U.S.-Iran tensions, alleviating global risk aversion sentiment. Oil prices retreated from the $120 high to around $101, with risk assets rebounding strongly. Bitcoin led the charge, breaking through the 50-day moving average ($71,125) in a short timeframe and holding steady, with prices surging to $73,000 - $75,000 highs, showing significant short liquidation amplification effects. Meanwhile, spot Bitcoin ETFs continued with net inflows of nearly $170 million, as institutions kept adding positions. Additionally, the scarcity narrative of the 20 millionth Bitcoin approaching extraction, CLARITY Act advancement, and reduced FOMC rate cut expectations lowering opportunity costs, collectively drove the total market cap to surge approximately $2.39 trillion in 24 hours, with mainstream cryptocurrencies rallying in sync! $ETH $BNB $XRP