Cryptocurrencies Surge Up to 8% on Middle East Ceasefire

Quick overview

The leading cryptocurrencies are rebounding by as much as 8% on Monday, with Bitcoin (BTC) rising 3.7% over the past 24 hours and posting a modest 0.2% gain so far this week.

Among the altcoins, Ethereum (ETH) is up 6.8% since yesterday, while Solana (SOL) has gained 7.6% and XRP (XRP) is up 8.1%, showing signs of recovery despite a 1.2% weekly decline.

Elsewhere, BNB (BNB) climbed 3.1% in the last 24 hours, Tron (TRX) rose 0.3%, the meme token Dogecoin (DOGE) gained 6.3%, and Cardano (ADA) advanced 6.8%.

Bitcoin ETFs Continue to Attract Inflows Despite Middle East Tensions

Despite ongoing geopolitical tensions in the Middle East, Bitcoin exchange-traded funds (ETFs) continue to attract investor interest. On June 24 alone, BTC ETFs saw inflows of $350 million, marking ten consecutive days of net positive flows—underscoring growing institutional demand.

These SEC-regulated funds have now attracted over $1 billion in inflows and amassed roughly $47 billion in total assets since launching in 2024. During the Israel-Iran conflict, investors appeared to take advantage of price dips to increase their ETF positions.

U.S. Weighs Bitcoin for Mortgage Qualification

William J. Pulte, Director of the U.S. Federal Housing Finance Agency (FHFA), announced that the agency is evaluating whether to consider cryptocurrency holdings as part of the mortgage qualification process.

“The use of crypto assets will be reviewed in relation to mortgage eligibility,” the official stated in a brief communication released in recent hours.

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Ignacio Teson

Economist and Financial Analyst

Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.

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