Crypto gains on oil retreat amid signals of US-Iran de-escalation

Bitcoin climbed toward $80,000 on September 14 as renewed signals of a possible end to the US-Iran war halted oil price increases, according to Cointelegraph. The desk's market boards confirm Bitcoin at $78,763.69 on the day, up 2.53 percent in 24 hours, with the asset up 24.03 percent over the prior 30 days despite trading 36.9 percent below its 12-month high of $124,739.81. The broader market moved higher in tandem. Ethereum traded at $2,547.21, up 2.85 percent in 24 hours and 35.28 percent over 30 days. Solana gained 3.95 percent to $103.25, XRP jumped 7.62 percent to $1.4438, and Cardano rose 3.43 percent to $0.2106. Bitcoin dominance held steady at 58.5 percent, while total crypto market capitalization stood at $2.70 trillion, down marginally 0.17 percent on the day. Sentiment indicators showed the market shifting into risk appetite. The Fear and Greed Index registered 57, labeled Greed, within a 30-day range of 31 to 74. Bitcoin's RSI14 stood at 59.5, indicating neither overbought nor oversold territory, while the asset remained above its 200-day moving average with a golden cross in effect. Ethereum's RSI14 reached 63.3, similarly balanced. However, MACD remained below the signal line across Bitcoin, Ethereum, Solana, XRP, Dogecoin, and Cardano, suggesting momentum may not be sustained. Derivatives positioning showed elevated leverage in altcoins. On OKX, Solana open interest reached $280.2 million with 11.0 percent annualized funding and a 1.89 to 1 long-short ratio. XRP open interest hit $105.4 million at the same 11.0 percent annualized funding with a 1.95 to 1 long-short ratio. Dogecoin maintained the most extended long positioning at a 4.32 to 1 ratio on $85.3 million open interest. Bitcoin's long-short ratio was more balanced at 1.22 on $2.08 billion open interest and 4.8 percent annualized funding. ETF flows continued to show institutional divergence. The desk's ETF flows board recorded Bitcoin outflows of $13.2 million on September 11 and net outflows of $288.1 million over the prior five sessions, despite the price rally. Ethereum saw inflows of $216.4 million on the same date and $222.8 million cumulatively over five days. Over 72 hours, whales moved $5.03 million in net Bitcoin onto exchanges, with stablecoin buying power on exchanges reaching $327.9 million.