Crypto Stocks Surge as Iran-Israel Ceasefire Holds—For Now

U.S. crypto stocks rallied sharply on Tuesday after a tentative ceasefire between Iran and Israel , brokered by President Donald Trump, managed to hold despite early violations. The broader financial markets also posted gains, with investors seemingly relieved that the Middle East tensions had not escalated further—at least for the moment. Trump declared the ceasefire on social media late Monday, boldly asserting it would “go on forever.” However, both nations reportedly exchanged missile fire soon after the agreement took effect. Speaking to reporters on Tuesday, Trump criticized the behavior of both countries. “We basically have two countries that have been fighting so long and so hard that they don’t know what the fuck they’re doing,” he said. Coinbase Leads S&P 500 Gains as Robinhood Follows Among crypto stocks, Coinbase Global Inc. (COIN) emerged as the standout performer. The crypto exchange closed the day with a 12.10% gain, making it the top gainer in the S&P 500 index. Mining companies also saw strong advances, with Riot Platforms rising 8.09%, Marathon Digital climbing 4.94%, and MicroStrategy—led by Bitcoin bull Michael Saylor—adding 2.68%, according to Google Finance. Robinhood Markets, Inc. (HOOD) also benefited from the renewed optimism, posting a 7.41% gain. The retail brokerage’s uptick coincided with the launch of a new promotional campaign offering a 1% crypto deposit match, which runs through July 7. The S&P 500 itself rose 1.11% on the day, signaling broad market confidence even amid geopolitical uncertainties. Analysts noted that risk-on sentiment returned as fears of full-scale conflict between Iran and Israel temporarily eased. Mixed Reaction Across Crypto Stocks Despite the surge, not all crypto stocks participated in the rally. Stablecoin issuer Circle Internet Group (CRCL) fell 15.49% during Tuesday’s session. Still, the newly listed company remains up nearly 620% since debuting on June 6 at $31. Meanwhile, the crypto market held steady. Bitcoin gained 1.20% over the past 24 hours to trade at $106,487, while Ether rose 1.99% and XRP climbed 1.92%, according to CoinMarketCap data. The rising investor interest in digital asset firms has encouraged others to consider going public. On June 23, reports surfaced that leading crypto exchange OKX is exploring a U.S. listing following its return to the American market. The post Crypto Stocks Surge as Iran-Israel Ceasefire Holds—For Now appeared first on TheCoinrise.com .

Source: The Coin Rise