Why did the cryptocurrency market rise today? Bitcoin and Ethereum lead the increase, boosted by changes in the Middle East situation.

BTC-0,44%
ETH0,23%
XRP0,2%
SOL1,01%

Gate News message, March 30, 2026, the global cryptocurrency market saw a rebound, with the total market cap rising to about $2.4 trillion, up roughly 1.2%. Bitcoin rose 1.4%, reclaiming above $67,600; it had previously dipped to a four-week low of $65,000. Ethereum rose 2.2%, breaking above the $2,000 mark. Other major cryptocurrencies such as XRP, Solana, and Dogecoin also recorded gains of 1% to 2%.

Market sentiment improved mainly due to expectations of easing geopolitical tensions in the Middle East. According to reports, Pakistan is preparing for peace talks between the U.S. and Iran, and both sides’ diplomats have agreed to meet, aiming to ease the conflict that has continued for a fifth week. The talks chaired by Pakistan’s Foreign Minister Ishaq Dar, along with Iran’s move to allow Pakistani merchant vessels to pass through the Strait of Hormuz, gave investors short-term confidence. Meanwhile, U.S. President Trump instructed the Pentagon to pause airstrikes on Iran’s energy facilities to support the negotiation process.

Despite a clear rebound in the spot market, volatility remains high in the crypto derivatives market. According to Coinglass data, about $350 million in long positions were liquidated over the past 24 hours. The Crypto Fear and Greed Index rose by 4 points to 27, indicating that the market still has destabilizing factors.

Traditional safe-haven assets also moved higher. Gold rose 1.1% to $4,544 per ounce, and silver rose 1.5%. Oil prices rebounded to above $100 per barrel; WTI crude was at $100.7, and Brent crude rose to $115. This could intensify inflation expectations, which in turn may affect the Federal Reserve’s rate decision. Currently, the market broadly expects the Federal Reserve to keep interest rates between 3.5% and 3.75%, with a probability as high as 96.4%.

Overall, the cooling of geopolitical risks brings short-term relief, but energy prices and the high-interest-rate environment still weigh on market sentiment. Investors should watch short-term volatility in Bitcoin, Ethereum, and Dogecoin, as well as derivatives-related risks.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin ETFs See $213M Daily Inflow, Ethereum ETFs Record $83M Outflow on April 24

Gate News message, according to the April 24 update, Bitcoin ETFs recorded a single-day net inflow of 2,733 BTC (approximately $213.15 million), with a 7-day net inflow of 18,232 BTC (approximately $1.42 billion). Ethereum ETFs showed a single-day net outflow of 35,713 ETH (approximately $82.93 mill

GateNews2h ago

Bitcoin Breaks $78,000 but Falls 0.47% Intraday

Gate News message, April 24 — Bitcoin broke through $78,000 today, though it recorded a 0.47% decline over the intraday period.

GateNews2h ago

Project Eleven awards Q-Day 1 BTC bounty: researchers use a quantum computer to crack a 15-bit elliptic curve key

Project Eleven, a nonprofit organization focusing on research into “Q-Day (Quantum Computer Breaks Blockchain Cryptography Day),” announced on 4/24 that it would award a $1 Bitcoin bounty to independent researcher Giancarlo Lelli. Using a Shor algorithm variant on publicly accessible cloud quantum computer hardware, Lelli successfully cracked a 15-bit elliptic curve key—marking the largest public quantum attack demonstration to date. Attack Scale and Significance Project Content Winner Giancarlo Lelli (Independent Researcher) Attack Target 15-bit elliptic curve key, searching 32,767 possibilities Using Hardware Publicly accessible cloud quantum computers Algorithm Shor

ChainNewsAbmedia3h ago

Nasdaq-Listed Nakamoto Unveils Active Bitcoin Derivatives Strategy Since Q1 2026

Gate News message, April 24 — Nakamoto, a Nasdaq-listed company, has announced an actively managed Bitcoin derivatives program running since Q1 2026. The strategy aims to generate recurring volatility income from a portion of the company's Bitcoin holdings while hedging against downside price

GateNews3h ago

Metaplanet Issues $50 Million in Zero-Interest Bonds to Fund Bitcoin Purchases

Gate News message, April 24 — Japanese bitcoin treasury firm Metaplanet announced on Friday that it is issuing 8 billion Japanese yen (approximately $50 million) in zero-interest ordinary bonds to fund future bitcoin purchases. The bond issuance was fully subscribed by EVO Fund, a Cayman

GateNews3h ago

Abraxas Capital Deposits 4,835 BTC Worth $378M to Major CEX

Gate News message, April 24 — According to on-chain data tracked by Lookonchain, Abraxas Capital deposited 4,835 BTC, valued at approximately $378 million, to a major CEX in the past hour. The institutional investor also transferred 6,000 XAUT tokens, worth approximately $28 million, to several maj

GateNews4h ago
Comment
0/400
No comments