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Stalled Peace Talks Boost Dollar, Cryptocurrencies Continue Rise Led by Bitcoin

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rafidayn24 Apr 24, 2026
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Stalled Peace Talks Boost Dollar, Cryptocurrencies Continue Rise Led by Bitcoin

 The breakdown of 2026 diplomatic talks regarding the waterway crisis has bolstered the dollar's position as a preferred choice for traders, at a time when cryptocurrencies rose significantly. Bitcoin reached $78,474, up 0.71%, while Ether gained 0.41% to reach $2,335. Analysts believe that the failure to reach a swift de-escalation agreement pushed the U.S. currency to achieve gains against a basket of major currencies, while the Japanese Yen continued to decline to levels of 159.75 per dollar, as markets await the outcomes of the Trump-announced ceasefire extension and its impact on capital flows.