Bitcoin rose above $78,600, driving a collective increase in mainstream crypto assets. Ethereum, XRP, BNB, Solana, and Hyperliquid all recorded gains, with market sentiment significantly improving compared to the previous period.

Mainstream cryptocurrencies are generally on the rise.

As of the data cited in this report, Bitcoin is trading at $78,625.87, up 2.5% for the day. Ethereum is at $2,426.89, up 1.9%; XRP is at $1.39, up 4.8%; BNB is at $711.78, up 4.5%.

Solana and Hyperliquid also strengthened simultaneously, indicating that this round of gains was not driven by a single currency, but rather a general rebound across mainstream assets.

Standard Chartered launches institutional spot trading in the UAE

One of the factors contributing to the recovery of market sentiment is the continued expansion of institutional trading channels. Reports mention that Standard Chartered Bank has launched spot trading services for Bitcoin and Ethereum to institutional clients in the United Arab Emirates.

If this progress continues, it means that large traditional financial institutions are further entering the crypto spot market, providing a more direct entry point for institutional funds as well.

Geopolitical tensions have eased to some extent.

Another factor that has caught the market's attention comes from the situation in the Middle East. Reports suggest that U.S. President Donald Trump is privately discussing the possibility of declaring an end to the war with Iran, and this news has alleviated the geopolitical concerns that previously suppressed risk appetite.

The market is usually more sensitive to the risk of escalating wars. As the sentiment for risk aversion subsides, funds' acceptance of high-volatility assets increases, thereby providing support for the crypto market.

Overall, the increase in institutional participation channels and the expectation of mitigated geopolitical risks became the two main catalysts for the general rise in crypto asset prices on that day.