Leading cryptocurrencies climbed alongside stocks on Thursday after President Donald Trump called off “scheduled” strikes on Iran amid hopes for a peace deal.

Crypto Market Pops

Bitcoin jumped to an intraday high of $63,850 as buying pressure surged. Ethereum nearly broke through $1,700, while XRP and Dogecoin recorded sharp upticks.

Over $260 million was liquidated from the market in the last 24 hours, predominantly in short positions, according to Coinglass data.

Bitcoin’s open interest rose 1.23% in the last 24 hours. Retail and whale derivatives traders with open BTC positions remained “bullish” on the apex cryptocurrency.

Despite the swift gains, “Extreme Fear” sentiment persisted in…

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