ApeCoin Is Targeting $1.0000 on Middle East Ceasefire
ApeCoin (APE) surged by 15.5% to $0.6240 following the announcement of a ceasefire between Israel and Iran, significantly outperforming Bitcoin, which is up 6.1% to $105,219 on the same news. Iran opted for a symbolic response, launching a limited missile strike on a U.S. base in Qatar before indicating a desire to de-escalate. The development has boosted investor confidence, with risky assets rallying and U.S. stock indexes resuming their upward trajectory to reach new all-time highs. The durability of the ceasefire over the coming days will be crucial. If stability holds, ApeCoin could be well-positioned to break through towards the $1.000 milestone.
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