Crypto markets rallied for a second day as fears of an oil supply shock eased after the International Energy Agency (IEA) convened an emergency meeting to discuss the potential release of emergency reserves.
Bitcoin (BTC) is trading at around $70,700, up 3.5% over the past 24 hours. The world’s largest cryptocurrency reached as high as $71,800 earlier in the day. Meanwhile, ETH climbed 2.5% to $2,070, SOL gained 4% to $88, and XRP is up 3.6% on the day.
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