Crypto Market Adds 8% in a Week: How the Top 10 Performed

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Key Takeaways

Total crypto market cap rose about 8.15% over the past week to roughly $2.25 trillion.
The US-Iran ceasefire framework was the main driver behind the broad recovery.
Two of the top 10, Tether and USDC, are stablecoins that do not move on price.
The Fear and Greed Index sits at 25, still in “Extreme Fear” despite the bounce.

The crypto market has staged a broad recovery over the past seven days, with the total market capitalization climbing roughly 8.15% to around $2.25 trillion as of June 16th. The bounce was driven primarily by the US-Iran ceasefire framework, which eased the oil and inflation pressure that had weighed on risk assets, and it lifted nearly every major coin. Here is how the largest cryptocurrencies performed, according to CoinMarketCap.