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Ethereum Outperforms Bitcoin As US-Iran Peace Deal Hopes Spark Over $400 Million Crypto Short Squeeze
The cryptocurrency market rallied on Tuesday morning after President Donald Trump said Iran had called the U.S. to strike a peace deal. Bitcon’s price rose over 5.5% in the last 24 hours to around $74,700, its highest level in four weeks. The overall cryptocurrency market gained 4.9% and crossed $2.6 trillion. Ethereum (ETH) outperformed Bitcoin (BTC) after the apex cryptocurrency hit a four-week high in early morning trade on Tuesday, on hopes that a peace deal between the U.S. and Iran may still be on the cards. Bitcoin’s price rose more than 5.5% in the last 24 hours to around $74,700, paring gains after ... (full story)
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