AI-focused altcoins led a market-wide rally after U.S. President Donald Trump announced that he would postpone planned strikes on Iran's energy infrastructure, leading to a surge in short liquidations across the crypto market. Bittensor's TAO token jumped 10.2%, while Artificial Superintelligence Alliance (FET) and Render gained 6.2% and 4.8%, respectively, over 24 hours. The total crypto market cap topped $2.5 trillion. The announcement of a five-day pause on strikes against Iran's power plants and claims of "productive conversations" between the US and Iran's foreign ministry led to a significant increase in short positions, contributing to over $670 million in liquidations over a 24-hour period. Despite the sharp gains, a broad-based altcoin rally is expected to mature and be limited to a narrow sector of narrative- and fundamental-driven tokens. However, with both oil prices and Treasury yields rising, inflation remains a key concern for Bitcoin.