Data shows: Bitcoin leads the rise in cryptocurrencies due to Iran ceasefire news.

In the United States, President Trump announced a two-week ceasefire agreement with Iran, leading to improved sentiment towards risk assets, causing Bitcoin and other cryptocurrencies to rise. Analysts at Prosperity Bank stated in a report that cryptocurrencies continue to perform as assets driven by macroeconomic factors. They said that cryptocurrencies "respond quickly to improvements in risk appetite, but the sustainability of this rally will depend on geopolitical stability, as well as the continued support of institutional funds." Data from the London Stock Exchange Group showed that Bitcoin rose 3.2% to $71,353 after hitting a three-week high of $72,679 overnight. Ether rose 6.1% to $2,243 after hitting a three-week high of $2,270 overnight.