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After the tension on Saturday, the crypto markets saw a very sharp rebound on Sunday. While Bitcoin rose to $66,843, we saw major tokens such as Solana, Ether, and XRP gain between 5% and 10% to offset Saturday’s losses. This rally was particularly evident after Bitcoin fell below $64,000 on Saturday.
Solana led the move upward, jumping more than 10%. I also saw Ether gaining as it approached $2,000, while Cardano, Dogecoin, and XRP achieved their own gains as well. The confirmation of that news by state television on Sunday seemed to have reassured the markets, and traders began betting on a shorter conflict scenario.
But when you look at it on a weekly basis, the picture is more complicated. Bitcoin is down 1.6% for the week, and XRP is also down. Only Solana and Ether are in the green on a weekly basis. The selling on Saturday and the rise on Sunday took place amid low liquidity, meaning the real test will come once stocks and oil open. Even though ceasefire probabilities are shown at around 78%, the decision by traditional markets in the coming hours will be crucial.