After a difficult weekend with massive settlements, the crypto market has finally experienced some relief, with a recovery driven by favorable macroeconomic changes.

Settlements on the last day totaled US $ 384.4 million, a significant drop from previous days. Meanwhile, the global market value rose 1.1% on the last day.

Crypto market recovers after massive settlements

The market fall was mainly driven by fears of a global recession, commercial wars and broader macroeconomic uncertainties. As a result, Bitcoin (BTC) and Ethereum (ETH) fell to monthly and annual minimums.

This sharp drop led to widespread settlements. Almost $ 1 billion was settled from the market yesterday. However, the latest data paint a slightly more favorable picture.

According to coinglass data, US $ 384.4 million have been settled in the last 24 hours. Of this total, US $ 138.2 million came from long positions, while US $ 246.2 million were short positions.

Specifically, Bitcoin saw US $ 186.7 million in settlements, with US $ 146.0 million awarded to short positions. Ethereum experienced US $ 73.6 million in settlements, with US $ 40.3 million long positions and US $ 33.1 million short positions.

Meanwhile, Bitcoin recovered land over $ 80,000, being negotiated at $ 82,299. This marked an increase of 3.6% on the last day.

In fact, recovery can be attributed to recent diplomatic developments. According to BloombergUkraine agreed with a 30-day temporary ceasefire in response to a US proposal. This reduced the geopolitical tensions that previously weighed in the market.

Measures and political statements seek to stabilize the market

In addition, Ontario suspended 25% rates on electricity exports to Michigan, New York and Minnesota. This was also an important step in relieving commercial tensions.

US political figures, including mayor Mike Johnson, have also provided the necessary security to markets. Johnson suggested that President Trump’s economic policies, which initially contributed to market instability, would eventually stabilize the economy.

Give the president a chance to let these policies unfold, he these.

In addition, White House Press Secretary Karoline Leavitt noted that the fall in the market represented a temporary state rather than a definitive or permanent trend.

We are in a period of economic transition, Leavitt said.

She emphasized the idea that market numbers, such as stock prices, negotiating volumes and settlement, reflect a specific point in time and can evolve. These combined factors – political basis, commercial tensions relief, and a reduction in geopolitical risks – have been contained for the recent recovery of the crypto market.