Crypto markets are in the green on Monday, with Bitcoin, Ethereum and XRP all posting modest gains after weeks of subdued price action. Bitcoin is trading around $69,137, up 3% in 24 hours. Ethereum has climbed to $2,131, gaining nearly 4%. XRP is holding near $1.33, up roughly 2% on the day.
The immediate catalyst appears to be geopolitical. Reports emerged Monday that the United States and Iran are discussing a 45-day ceasefire deal that could lead to a permanent end to hostilities. Regional mediators reportedly proposed a two-phase plan as a Tuesday deadline approaches. This is the fifth deadline in 17 days.
Previous extensions on March 21, March 23, March 26 and April 4 each produced brief market recoveries before tensions returned. Experts are watching closely to see whether this round produces a genuine resolution or another postponement. Institutional demand has remained steady. Spot Bitcoin ETFs absorbed approximately 50,000 BTC in March, the highest monthly pace since October 2025.
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