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Ceasefire lifts bitcoin, but animal spirits may not return just yet

Apr 08, 2026 11:15 UTC

Ceasefire lifts bitcoin, but animal spirits may not return just yet.

  • The crypto market is back on the front-foot after a two-weekceasefire betweenthe U
  • S
  • and Iran removed some of the geopolitical uncertainty and sent oil prices tumbling

The crypto market is back on the front-foot after a two-weekceasefire betweenthe U.S. and Iran removed some of the geopolitical uncertainty and sent oil prices tumbling. Still, energy market dynamics are such that it may be too early to assume the return of animal spirits to risk assets. BitcoinBTC$71,154.70has jumped 3% to $71,600 in the past 24 hours while ether (ETH), XRP (XRP), and solana (SOL) have all gained more than 5%. The CoinDesk 20 Index has outperformed bitcoin, rising 4.2 percent, which is typical when altcoins outpace the market leader. Oil has plunged after Iran agreed to open

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