Bitcoin recorded a rapid rise after the two-week ceasefire announced between the USA and Iran, reaching up to $ 72,750. After these levels, there was a slight retracement and the price settled just below $72,000.
Increase in global risk appetite and activity in markets
This rise was not limited to Bitcoin; The tendency to take risks has also strengthened in stock markets. Invesco QQQ index gained more than 3.3 percent in pre-day trading. The technology software index codenamed IGV also showed a similar performance.
An upward movement was also observed in gold prices. The price per ounce rose more than 2 percent to $4,800. In response, oil prices began to decline. US crude oil WTI dropped to $92 for a while, and although it later recovered to $96, it lost over 12.5 percent in the last 24 hours. The price of Brent type oil decreased by more than 7.5 percent in one day.
Strong gains in crypto and tech stocks
Along with traditional markets, crypto-related stocks also increased. Significant increases were noted in the shares of Strategy company, managed by Michael Saylor, which pioneered the institutional holding of Bitcoin, digital asset-focused Galaxy Digital, US-based crypto exchange Coinbase and Circle, which operates in the stablecoin field.
Similarly, artificial intelligence and high-performance data center businesses also benefited from the overall rise. IREN and Cipher Digital shares increased in value by 7 percent and 9 percent, respectively.
Broad-based increases were also effective in crypto-focused assets. However, this activity occurred in an environment where volatility decreased. While the VIX index decreased by 20 percent, the Volmex Implied Volatility Index (BVIV), which shows the expected volatility level of Bitcoin, dropped by more than 6 percent to 46 levels. These indicators point to a calmer environment in the markets.
The US bond market has also stabilized significantly. The 10-year Treasury bond rate decreased by 1.5 percent to 4.2 percent.
The positive sentiment in cryptocurrencies and technology stocks showed that traditional asset classes can also be affected by changes in risk perception. Crypto-related companies have benefited significantly from this positive trend in day-ahead trading.
