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▲ Virtual Asset Trading
The virtual asset market recovered $100 billion in market capitalization in just one day after US President Donald Trump's remarks about potential negotiations with Iran. Investor sentiment improved sharply, and major assets rebounded across the board.
According to the cryptocurrency specialized media Benzinga on April 14 (local time), Bitcoin (BTC) rose by approximately 5% from the previous day, reaching $74,800. Ethereum (ETH) surged by 8.8% to $2,380. XRP and Dogecoin (DOGE) also joined the upward trend. The total market capitalization surpassed $2.6 trillion, the highest in four weeks.
The core of the market's reaction is Trump's statements. Trump ordered a naval blockade of Iranian ports. At the same time, he stated, "Iran wants to negotiate." Vice President JD Vance also mentioned the possibility of opening the Strait of Hormuz. Expectations of easing geopolitical tensions stimulated investor sentiment.
On-chain data also sent positive signals. Santiment reported that the number of wallets holding more than 100,000 ETH increased from 54 to 57. A trend of accumulation by large investors was confirmed. Ethereum recorded a 17.4% return since the conflict, outperforming the S&P 500 and gold returns.
The presence of institutional funds has also grown. Institutional Bitcoin holding strategies, including Strategy, are supporting the market's bottom. The Swissblock Risk Index has entered a low-risk zone. Buying pressure has secured market dominance.
The virtual asset market has entered a phase where it reacts sensitively to geopolitical variables. Whether Ethereum breaks through $2,400 is acting as a key variable that will determine the next trend.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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