Leading cryptocurrencies climbed alongside stocks on Tuesday after President Donald Trump said the military campaign against Iran could end soon, even if the Strait of Hormuz remains largely closed.

Crypto Rallies As Bearish Traders Exit

Bitcoin regained $68,000 overnight after sliding below $66,000 earlier in the day. Trading volume rose 10% over the last 24 hours.

Ethereum bounced from the lows of $1,939.53 to recapture $2,100. XRP and Dogecoin also traded in the green.

Over $270 million in crypto positions were liquidated in the past 24 hours, with long and short liquidations almost evenly split,  according to Coinglass data.

Open interest in Bitcoin futures fell 3.42% in the last 24…

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