Leading cryptocurrencies pared losses Monday, June 29, while stocks closed higher as investors priced in a further easing of tensions between the U.S. and Iran following weekend hostilities.

Leading cryptocurrencies traded in the red overnight on Sunday, June 28, as renewed U.S.–Iran confrontations threatened a fragile ceasefire.

U.S. equity futures rose after reports the U.S. and Iran agreed to halt strikes and resume talks. Bitcoin has barely moved, still down 6.8% on the week.

Leading cryptocurrencies pared losses Monday, June 29, while stocks closed higher as investors priced in a further easing of tensions between the U.S. and Iran following weekend…

US stocks surged and the Dow hit record highs as US-Iran tensions eased, but Bitcoin and major crypto assets stayed flat, revealing a divergence in risk