Prices Roar Following Ceasefire Announcement, But Did the Crowd Take Trump's Words Too Literally?

π Ever since the 'ceasefire' was announced roughly 22 hours ago, crypto markets have seen undeniable bullish momentum. However, there are still questions regarding the terms, which countries agreed to it, and whether the Strait of Hormuz is going to remain open during this negotiation period.
π As a result, expect major volatility with incomplete stories and misinformation likely to continue across your timeline. With mixed narratives, you can see privacy coins (like $ZEC) continue to rebound, while coins that already had momentum prior to the announcement (like $ETH and $TAO) to tease traders.
π° We clearly saw a 'buy the news' reaction when Trump announced the 2-week ceasefire yesterday. But since there are so many mixed reports coming out, it needs to be treated more like a 'buy the rumor' event. Even if this ceasefire lasts as it is intended, remember that the world can see the same countdown timer threats (13 days from now) that it saw just yesterday.
π Santiment's data screener is available to check and use for market research any time here!