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US cryptocurrency stocks surged in the context of orders to cease fire in Iran and Israel's fragile hold
The cryptocurrency stocks of America soared on Tuesday after the ceasefire agreement between Iran and Israel, brokered by President Donald Trump, remained firm. Trump declared the deal would 'last forever,' but both countries carried out missile attacks shortly thereafter, with Trump claiming they violated the agreement.
Coinbase Global Inc. (COIN) is the best performing S&P 500 stock, rising 12.10%, while Riot Platforms, Marathon Digital, and Michael Saylor’s Strategy also recorded gains. The overall S&P 500 market also increased by 1.11%.
Although not all cryptocurrencies have risen, Circle Internet Group (CRCL) has dropped by 15.49%, still up nearly 620% since its launch. Bitcoin has increased by 1.20% in the past 24 hours, trading at $106,487. Other companies are also seeking opportunities for public listing.