Crypto Market Bounces Back Above $2.4T as US-Iran Tensions Raise Risks

Key Insights:

• The total crypto market cap has recovered to above $2.4 trillion, driven by a fresh wave of demand.
• Top 20 coins pulled off a 12% plus gain in the last 24 hours, as prices finally pushed out of their consolidation zones.
• Trump’s threat of escalating the conflict with Iran could undermine the current recovery efforts.

The crypto market is currently going through one of its most exciting weeks in months. The bulls just made a strong comeback with momentum, thrusting most top coins out of the consolidation zones where they have been stuck for weeks.

According to CoinMarketCap, the total crypto market cap hovered at $2.19 trillion on Wednesday. However, it surged as high as $2.42 trillion at the time of observation. A 10.7%  gain in the last 24 hours.

This was the largest spike in bullish activity the crypto market has seen in months. The top 20 coins by market cap alone pulled off a 12% plus gain during the same period.

The bullish activity Triggered One Of The Largest Crypto Market Liquidation Events

Read from Source · thecoinrepublic.com ↗