ETH, SOL, XRP price news: What next as majors surge 10% to recover war-driven losses
Major cryptocurrencies like Ether, Solana, and XRP surged up to 10% on Sunday, recovering losses driven by geopolitical concerns over the weekend.Summary
Crypto markets rebounded sharply on Sunday, with Solana leading majors by surging 10.8% to $86.42, while Ether reclaimed $1,994 and Bitcoin climbed above $66,800. This recovery followed a Saturday sell-off triggered by news of U.S. and Israeli strikes on Iran. The bounce accelerated after Iranian state TV confirmed the death of Supreme Leader Khamenei, which markets interpreted as increasing the likelihood of a shorter conflict. Despite the strong 24-hour gains, the weekly picture remains mixed, with Bitcoin and XRP still down over seven days. Analysts caution that the rally occurred on thin weekend liquidity, and the true test will come when traditional markets, including equity futures and oil, reopen and institutional capital reacts to the weekend's events. The market's current optimism hinges on the probability of a U.S.-Iran ceasefire holding once traditional markets digest the geopolitical news.
(Source：CoinDesk)