By George Glover
The prices of Bitcoin and other digital assets were edging higher on Tuesday as investors looked past the latest flare-up of tensions in the Middle East. Don't call time on this brutal crypto winter just yet, though.
Bitcoin was up 1.5% to $80,851 over the past 24 hours. It's now up 17% over the past month, but would need to rally another 56% from here to reach the record high it hit back in October.
Other cryptos were also rising. Ethereum gained 1%, Solana added 0.3%, and XRP climbed 0.1% over the past 24 hours.
Bitcoin has struggled to top $80,000 since early February. It will likely only be able to hold above that level and push higher if the U.S. and Iran agree a longer-term truce, which would dispel some of the market's worries about higher oil prices and elevated inflation.
Crude's recent jump "raises questions about the durability of the current risk-on environment," analysts for the crypto trading platform Bitfinex said.
Iran fired at American warships in the Strait of Hormuz on Monday, but the good news for investors was that the geopolitical situation doesn't appear to have worsened yet. President Donald Trump stopped short of describing Iran's latest attacks as a violation of the cease-fire.
It will take much more than that to reassure investors that the crypto winter is finally drawing to a close.
Write to George Glover at george.glover@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 05, 2026 05:21 ET (09:21 GMT)
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