Ethereum (ETH) saw major improvements across key onchain metrics after the US-Iran ceasefire announcement on Tuesday, according to a CryptoQuant analysis. The top altcoin rose by 6% within 24 hours following the move, its largest single-day gain in more than a month.
Bitcoin (BTC) is trading below $68,000 at press time on Thursday, extending losses to roughly 2% amid US President Donald Trump’s reaffirmation of the hopes of de-escalation in the Middle East at Wednesday’s Easter lunch at the White House.
Bitcoin (BTC) gains momentum alongside other major cryptocurrencies, including Ethereum (ETH) and Ripple (XRP), on Monday. The Crypto King holds $67,000 as immediate support but remains below $68,000 short-term resistance.