Crypto recovered on Tuesday morning even as Monday's relief rally unraveled across traditional markets, with oil jumping 4% on reports that Saudi Arabia and the UAE are moving to join the conflict.
Cryptos bounced on Trump’s five-day pause announcement, but the next move hinges on whether tensions between the U.S. and Iran ease or spiral, a Wintermute trader said.
The organization argued that the next phase of crypto adoption will depend less on transparency alone and more on giving companies control over what they reveal — and to whom.
Bitcoin swung from $67,500 to $71,200 and back to $70,000 in a single session as Trump said he was postponing Iran strikes, then Iran denied any communication was taking place.
Trump said that the two countries held "very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East."