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The crypto market rallied sharply following news of a ceasefire between Iran and Israel, easing geopolitical tensions. Major cryptocurrencies like XRP and Ethereum surged, while meme coins SPX6900 and Dogwifhat posted explosive gains.
- SPX6900's 28% rally is supported by strong technical indicators, including an ADX of 35 and an RSI of 56, suggesting further upside potential.
- Dogwifhat (WIF) surged 23%, triggering $3.71M in short liquidations and reclaiming a critical support level at $0.79.
- Oil prices fell nearly 3% as Middle East tensions eased, while S&P 500 futures rose 0.58%, signaling a risk-on market rotation.
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