Cryptocurrencies, including Bitcoin (BTC), are staging a tentative recovery on hopes for talks to end the ongoing war between the U.S. and Iran.
U.S. President Donald Trump said over the weekend that the U.S. is in “serious discussions with a new, and more reasonable, regime” to end military operations in Iran.
Trump’s latest comments were the first public acknowledgment of a regime change in Iran since the war, which also includes Israel, began five weeks ago.
The remarks from Trump were enough to provide a spark to cryptocurrencies and lead them to stage a tentative recovery.
Bitcoin has risen a little more than 2% in the past 24 hours to trade at $67,800 U.S. Ethereum (ETH) has gained 4% to reach $2,070 U.S.
Smaller digital assets are also trending higher on March 30, with Solana (SOL) up 2% to $84.09 U.S. and XRP having gained 1% to $1.35 U.S.
However, analysts warn that cryptocurrencies might not be out of the woods yet with market volatility continuing.
Notably, traders who bet against Bitcoin’s price to decline saw $340 million U.S. in liquidations over a 24-hour period as the price of the largest cryptocurrency rose.
