{"slug": "crypto-market-snaps-back-as-sentiment-lifts-with-altcoins-from-ethereum-to-xrp", "title": "Crypto market snaps back as sentiment lifts, with altcoins from ethereum to XRP soaring", "summary": "The crypto market surged $83.2 billion in 24 hours, led by Zcash and Worldcoin jumping over 22%, as improved sentiment from easing Iran conflict and the CLARITY Act boosted altcoins including Ethereum, XRP, and Solana.", "body_md": "# Crypto market snaps back as sentiment lifts, with altcoins from ethereum to XRP soaring\n\nThe market capitalization of the crypto industry has jumped around $83.2 billion in the last 24 hours, with privacy-focused token [Zcash](https://robinhood.com/us/en/crypto/ZEC/?source=sherwood) and [worldcoin](https://www.coingecko.com/en/coins/worldcoin), the native [cryptocurrency of the network backed by OpenAI CEO Sam Altman](https://sherwood.news/crypto/sam-altman-wants-to-scan-your-eyeballs-in-exchange-for-crypto-and-then-make/), leading market gains, jumping over 22%.\n\nBut the last 24 hours have been good across the board:\n\n[Ethereum](https://robinhood.com/us/en/crypto/ETH/?source=sherwood)has increased more than 9% to trade above $1,800, amid[BitMine Immersion Technologies](https://robinhood.com/us/en/stocks/BMNR/?source=sherwood)[acquiring](https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-62-million-tokens-and-total-crypto-and-total-cash-holdings-of-10-4-billion-302799963.html)$139.2 million worth of ethereum.[XRP](https://robinhood.com/us/en/crypto/XRP/?source=sherwood)and[solana](https://robinhood.com/us/en/crypto/SOL/?source=sherwood)have rebounded from[multiyear lows](https://sherwood.news/crypto/sentiment-for-crypto-is-firmly-in-the-gutter-as-sector-sinks-with-tokens-hitting-multiyear-lows/), each rising roughly 10%.[HYPE](https://robinhood.com/us/en/crypto/HYPE/?source=sherwood)has bounced up 12%.Dog-based memecoins\n\n[dogecoin](https://robinhood.com/us/en/crypto/DOGE/?source=sherwood)and[shiba inu](https://robinhood.com/us/en/crypto/SHIB/?source=sherwood)have chased gains of more than 4%.\n\n“Investors have been eager to see some positive signs around the Iranian conflict ending, coupled with hopeful outlooks around the [CLARITY act](https://sherwood.news/crypto/clarity-act-could-help-reshape-bitcoins-narrative-for-second-half-of-2026/), both breathing some life into assets,” Kairos Research cofounder Ian Unsworth told Sherwood News.\n\nSimon Shockey, a crypto strategist at crypto wallet infrastructure firm Privy, said the upswing stems from several things converging. He pointed to how alt markets broadly were “very oversold” following the [bug found in Zcash](https://sherwood.news/crypto/zcash-nosedives-after-counterfeit-vulnerability-revealed/) that shook confidence.\n\nFriday, Zcash founder Zooko Wilcox [said](https://x.com/zooko/status/2065541979979784341?s=20) Anthropic didn’t find any more serious bugs with the Zcash protocol after Shielded Labs requested the AI firm run a security audit of the network with [Mythos](https://sherwood.news/tech/anthropics-mythos-gets-tired-hates-bad-users-and-wants-to-be-thanked/).\n\nShockey added that the pool of willing sellers has dwindled. “Even if structurally, AI is a much more compelling and asymmetric bet in the eyes of allocators, many of these crypto assets have simply run out of marginal sellers despite some shorter-term narrative-driven pumps. The only people left to sell at this point are the teams themselves and VCs.”\n\n“Net-net: oversold conditions plus exhausted seller bases plus a macro backdrop that’s stabilized equals a snapback, especially in names that have real usage or community conviction behind them,” Shockey told Sherwood.", "url": "https://wpnews.pro/news/crypto-market-snaps-back-as-sentiment-lifts-with-altcoins-from-ethereum-to-xrp", "canonical_source": "https://sherwood.news/crypto/crypto-market-snaps-back-as-sentiment-lifts-with-altcoins-from-ethereum-to-xrp-soaring/", "published_at": "2026-06-15 15:21:32+00:00", "updated_at": "2026-06-15 15:39:59.467192+00:00", "lang": "en", "topics": ["artificial-intelligence"], "entities": ["Zcash", "Worldcoin", "Ethereum", "XRP", "Solana", "BitMine Immersion Technologies", "Kairos Research", "Privy"], "alternates": {"html": "https://wpnews.pro/news/crypto-market-snaps-back-as-sentiment-lifts-with-altcoins-from-ethereum-to-xrp", "markdown": "https://wpnews.pro/news/crypto-market-snaps-back-as-sentiment-lifts-with-altcoins-from-ethereum-to-xrp.md", "text": "https://wpnews.pro/news/crypto-market-snaps-back-as-sentiment-lifts-with-altcoins-from-ethereum-to-xrp.txt", "jsonld": "https://wpnews.pro/news/crypto-market-snaps-back-as-sentiment-lifts-with-altcoins-from-ethereum-to-xrp.jsonld"}}