How Crypto Market Reacted to the US-Iran Ceasefire

Simran

Bitcoin jumped from ~$66K to $72K+ after the US-Iran ceasefire, hitting a 3-week high amid strong risk-on sentiment.

Over $400M+ short liquidations in 24 hours fueled the rally, triggering a massive short squeeze across crypto markets.

Ethereum rose 6–9% above $2,200, while altcoins like Solana and Cardano gained 4–8% during the surge.

Crypto market cap jumped near $2.45T with $471M+ ETF inflows as institutional investors returned strongly.

Bitcoin faced resistance near $74K, slipping to ~$70.8K as ceasefire doubts raised concerns over rally strength.

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