Major cryptocurrencies, Ether, solana, and XRP all surged as U.S. president Donald Trump indicated that the Iran conflict would end "very soon" and that U.K. military objectives are "pretty well complete." The surge in Ether was seen as a psychological pivot for the market, with Ether gaining 2.6% over the past 24 hours and returning above the $2,000 level. Other major cryptocurrencies, Solana, BNB, XRP, and Dogecoin also saw a surge in their value. Despite these gains, dogecoin remains down 1.4% on the week and has underperformed the broader market on every bounce. The institutional flow data suggests that institutional investors are treating this as a tactical entry rather than capitulation. The 90-day correlation between bitcoin and the S&P 500 has risen to one of the highest readings since mid-2022.