Just noticed a pretty interesting turning point in the crypto market. In recent days, geopolitical tensions have been swinging back and forth, yet interestingly, when bad news hits, Bitcoin still manages to surge. A few hours ago, after Trump announced an extension of the ceasefire with Iran and Iran agreed to temporarily pause military actions, the market brightened considerably.

Looking at the current numbers, BTC is around $78.25K and ETH is about $2.33K. There’s been some adjustment versus yesterday, but overall market sentiment remains quite stable. BTC’s dominance is still above 60%, suggesting that major assets remain favored. Altcoins have cooled a bit, but there’s no need for over concern.

What’s happening outside the crypto market also has a strong impact. The S&P 500 erased all gains yesterday, oil rose by nearly 3%, but when geopolitical news turned better, both U.S. stocks and crypto jumped. This shows that geopolitical risk is still the main factor driving investor sentiment.

In the crypto market, a few notable tokens stand out. RAVE and M surged again, up about 40% and 26% over 24 hours, even though there had previously been warnings about concentration of holdings. OPG is up as much as 143% after Coinbase announced it is planning to list it. CHIP is also up 82%. Meanwhile, ASTEROID—the Ethereum-based meme token themed around a space dog—has surpassed a $200 million market capitalization.

By the way, there are several important events this week. Polymarket V2 officially launches today, Tesla will announce earnings tomorrow, and there are token unlocks such as HYPER and LMTS. Especially, Trump is set to host a dinner for holders of the TRUMP token at Mar-a-Lago.

On policy, the SEC is pushing forward with a digital-asset regulatory framework under the strategy A-C-T. A House representative has also proposed the PACE Act, allowing eligible companies to access direct payments from the Fed. DoorDash is also preparing to use stablecoins to pay drivers in 40+ countries.

Overall, the crypto market is recovering well after geopolitical volatility. Major assets are holding steady, although altcoins are a bit sluggish. Today’s Fear & Greed Index is 32, meaning there is still fear, so there may still be opportunities for those looking for entry points. In any case, it’s always important to keep an eye on geopolitical developments, since it remains the main driver of the market.