- Optimism about the US-Iran agreement boosts investor sentiment towards risk:


It appears that the United States and Iran are approaching an agreement to end the war in the Middle East and open the Strait of Hormuz, which its ongoing closure exerts enormous pressure on global oil and gas supplies.

US President Donald Trump said over the weekend that a peace deal has been reached through intensive negotiations. The Associated Press reported that the two countries are finalizing a 60-day ceasefire, which could pave the way for gradually reopening the Strait of Hormuz, ending the blockade on Iranian ports, and allowing discussions on a potential nuclear deal.

The trend toward high-risk assets, including cryptocurrencies, is showing a noticeable improvement. The Fear and Greed Index rose to 30 points in the fear zone on Monday, after being at 25 points in the extreme fear zone the previous day. However, continued increased risk appetite is still necessary to support a stronger bullish trend.

Cryptocurrency Fear and Greed Index | Source: Alternative
$BTC
BTC-2.06%
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Before00zero
· 05-25 17:06
Bitcoin price rises above $77,000, supported by hopes of reaching a peace agreement between the United States and Iran despite declining consumer demand.
Ethereum remains above the $2,100 support level as momentum indicators gradually improve.
XRP price slightly increased, trading above $1.36 on Monday, supported by steady demand through spot exchange-traded funds.
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