US crypto stocks surge amid fragile Iran-Israel ceasefire

US crypto stocks surged on Tuesday amid a shaky Donald Trump-brokered ceasefire agreement between Iran and Israel.

US crypto stocks surged alongside the broader market on Tuesday after a shaky ceasefire between Iran and Israel brokered by US President Donald Trump largely held.

Trump declared the ceasefire on social media on Monday, claiming it would “go on forever,” but both nations reportedly launched missile strikes shortly after the ceasefire went into effect, with Trump telling reporters on Tuesday that he thinks both countries violated the pact.

The ceasefire saw crypto stocks surge on Tuesday, with crypto exchange Coinbase Global Inc. (COIN) the best-performing S&P 500 stock for the day.

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